Financial and Banking News
Schroder Asseily, Barclays and IFC Launch Egypt Fund
Schroder Asseily and Barclays Bank have started marketing their Egyptinvestment fund and hope to close it in April. The International FinanceCorporation (IFC), an affiliate of the World Bank, will invest 15% of the $50mntarget amount, with the remainder being underwritten by the two banks. Theminimum commitment level is $500,000. There will be a staggered drawdown,...