VOL. XLIII
No. 14
3-April-2000
TELECOMS
Local Investment Firms Hook-Up With Internet Companies
The growth of e-commerce and internet-related business is prompting investment companies and banks in the MENA region to invest directly and engage in advisory roles in internet-related businesses. At the Jordan IT Forum held in 'Amman on 24 March, Cairo-based EFG-Hermes announced that some of its Jordan IT Fund, which has $15mn in capital, will be used to buy a 20% stake in Maktoob.Com. The company is...
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