Financial and Banking News

Capital Markets

Six Funds In Search Of A Stock Market: Egyptian Investors Still Wait ForPrivatization Stocks

Like actors in a play by Pirandello, Egypt's newly created mutual investmentfunds have arrived on the financial scene but have yet to be given a role toplay. During the last few months, three funds have closed after collecting Eœ500mn($147mn) between them. Three others, which are due to start subscriptions in thenear future, are...