Middle East Economic Survey
EFG-Hermes Pledges 15mn To InfraMed Infrastructure Fund
EFG-Hermes pledged 15mn of its own capital to the initial commitment of nearly 400mn of the InfraMed Infrastructure Fund, the first financing facility of the Union for the Mediterranean, the Cairo-based investment bank said on 26 May. InfraMed is a private equity fund targeting commitments of 1bn for investment in the Southern and Eastern Mediterranean. It will prioritize...