VOL. XLI

No. 03

19-January-1998

GENERAL

Two More Offshore Funds Mooted For Middle East

The expected addition of two more international funds to the select group of vehiclesinvesting in the Middle East and North Africa (MENA) should bring total internationalportfolio investment in the region to $2bn and the number of funds to 28, according to MEESsoundings. The Moroccan ONA group, in partnership with Cargil and Citibank of the US, isexpected to launch a $100mn fund in the near future, of which...