NO. 44


Financial andBanking News

Capital Markets

National Bank Of Egypt Launches Egypt's First Mutual Investment Fund...

Egypt's first mutual fund will start selling units on 14 August. The NationalFund Management Corporation, which will be managed by National Bank of Egypt,will have a maximum capitalization of Eœ100mn ($30mn) and will invest in sharesand fixed income securities. National Bank of Egypt will invest Eœ5mn in thefund, and the minimum investment will be Eœ500...