Arab Today, arab today ifc middle east north africa fund raises 125m to spur growth in region
Last Updated : GMT 14:34:09
Arab Today, arab today
Arab Today, arab today

IFC Middle East, North Africa Fund raises $125m to spur growth in region

Arab Today, arab today

Arab Today, arab today IFC Middle East, North Africa Fund raises $125m to spur growth in region

International Finance Corporation
Cairo - MENA

The International Finance Corporation (IFC), a member of the World Bank Group, the Arab Fund for Economic and Social Development, the Arab Investment Company and The Arab Petroleum Investment Corporation have invested $125 million in the IFC Middle East and North Africa (MENA) Fund.

In a statement on Wednesday, IFC said "At a critical time for the economies of the region, this new fund will provide equity financing to private companies to help spur growth and development."

The Fund’s primary investment focus will be on growth opportunities in infrastructure, manufacturing and financial sectors, investing alongside IFC.

Through its investments in the financial and real sectors, it is expected that the fund will help increase employment opportunities in the region especially for the young.

The IFC MENA Fund will also help add value to its portfolio companies, particularly in areas such as corporate governance, risk management processes, and environmental and social standards.

"The Middle East and North Africa region is crucial to global prosperity and economic stability – the need for investment there has never been greater," said Jin-Yong Cai, IFC Executive Vice President and CEO.

Jin-Yong Cai added that "The investments in the IFC Middle East and North Africa Fund demonstrate improving investor confidence as well as greater investment opportunity."

"IFC is committed to investing in companies that grow and innovate, and the Fund will promote economic development while aiming to achieve strong returns for its investors." He noted.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ifc middle east north africa fund raises 125m to spur growth in region Arab Today, arab today ifc middle east north africa fund raises 125m to spur growth in region

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday