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FINANCIAL NEWS
Russia, Egypt and UAE Fund capital to hit USD500mn
05 Jul 2016
(MENAFN) Egypt agreed with the Russia on the value of planned investments in the joint Russian-Egyptian-UAE Fund to reach USD500mn.
Additionally, in May 2015 Egypt has agreed with the Russian and Emirati sides to establish investment fund in which Abu Dhabi Investment Fund will contribute.
The Egyptian-Russian-Emirati fund will provide important funds for a number of projects, set to be applied among the framework of developing Suez Canal area.
Meanwhile, Egypt aims to start establishing Russian industrial zone in Feb 2017, which will be built on the space of 2mn meters in East Port.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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