{"id":646618,"date":"2017-06-19T03:58:17","date_gmt":"2017-06-19T03:58:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/19\/union-capital-files-paperwork-to-establish-venture-capital-fund\/"},"modified":"2017-06-19T03:58:17","modified_gmt":"2017-06-19T03:58:17","slug":"union-capital-files-paperwork-to-establish-venture-capital-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/19\/union-capital-files-paperwork-to-establish-venture-capital-fund\/","title":{"rendered":"Union Capital files paperwork to establish venture capital fund"},"content":{"rendered":"

Union Capital filed paperwork to establish the venture capital fund to restart operations at idle factories to the Egyptian Financial Supervisory Authority (EFSA), Union Capital chairman Hani Tawfik tells Al Borsa<\/a>. Tawfik said he expects the company to be established after Eid holidays. The outfit will have a capital of EGP 150 mn and is funded by the Industrial Modernization Center, Ayadi, the National Investment Bank, and the Tahya Misr fund.<\/p>\n","protected":false},"excerpt":{"rendered":"

Union Capital filed paperwork to establish the venture capital fund to restart operations at idle factories to the Egyptian Financial Supervisory Authority (EFSA), Union Capital chairman Hani Tawfik tells Al Borsa. Tawfik said he expects the company to be established after Eid holidays. The outfit will have a capital of EGP 150 mn and is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646618","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"cc97af8d-968c-4d34-9a57-45ff3af700cb","order":"0","is_powered_by":true,"section_story_id":"5d29b430-7e2b-4f3d-bf29-13af09f55fa1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[646582],"teaser":"","voice_url":""},"yoast_head":"\nUnion Capital files paperwork to establish venture capital fund - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/19\/union-capital-files-paperwork-to-establish-venture-capital-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Union Capital files paperwork to establish venture capital fund\" \/>\n<meta property=\"og:description\" content=\"Union Capital filed paperwork to establish the venture capital fund to restart operations at idle factories to the Egyptian Financial Supervisory Authority (EFSA), Union Capital chairman Hani Tawfik tells Al Borsa. Tawfik said he expects the company to be established after Eid holidays. The outfit will have a capital of EGP 150 mn and is […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/19\/union-capital-files-paperwork-to-establish-venture-capital-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-19T03:58:17+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/19\/union-capital-files-paperwork-to-establish-venture-capital-fund\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/19\/union-capital-files-paperwork-to-establish-venture-capital-fund\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Union Capital files paperwork to establish venture capital fund\",\"datePublished\":\"2017-06-19T03:58:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/19\/union-capital-files-paperwork-to-establish-venture-capital-fund\/\"},\"wordCount\":79,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/19\/union-capital-files-paperwork-to-establish-venture-capital-fund\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/19\/union-capital-files-paperwork-to-establish-venture-capital-fund\/\",\"name\":\"Union Capital files paperwork to establish venture capital fund - 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Tawfik submitted his resignation after completing the\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645038,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/10\/efsa-approves-establishment-of-union-capitals-venture-capital-fund\/","url_meta":{"origin":646618,"position":2},"title":"EFSA approves establishment of Union Capital\u2019s venture capital fund","author":"enterpriseam admin","date":"10 July 2017","format":false,"excerpt":"The Egyptian Financial Supervisory Authority (EFSA) gave Union Capital the green light to launch the venture capital fund meant to restart operations at idle factories, Al Mal reports. The fund will form its board of directors in early August and begin carrying out feasibility and technical studies on the struggling\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652309,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/bailout-fund-for-financially-distressed-factories-to-begin-work-by-march\/","url_meta":{"origin":646618,"position":3},"title":"Bailout fund for financially distressed factories to begin work by March","author":"enterpriseam admin","date":"5 January 2017","format":false,"excerpt":"A Trade Ministry fund, managed by Union Capital and BPE Partners, meant to provide assistance to factories in financial distress will not begin its work before March, Al Borsa reported. According to an Administrative Control Authority survey, only 170 factories of 1,600 factories tallied are expected to bounce back from\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635428,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/bailout-fund-for-idle-factories-to-begin-disbursing-financing-to-first-three-factories-in-a-month\/","url_meta":{"origin":646618,"position":4},"title":"Bailout fund for idle factories to begin disbursing financing to first three factories in a month","author":"enterpriseam admin","date":"4 December 2017","format":false,"excerpt":"The EGP 150 mn bailout fund for idle SME factories will begin financing the first three factories on its roster in a month\u2019s time, once studies on them are complete, Union Capital CEO Hany Tawfik tells Al Borsa. State-owned Ayady, the Tahya Misr Fund, the National Investment Bank, and BPE\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648192,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/govt-launching-venture-capital-fund-to-restart-operations-at-idle-factories\/","url_meta":{"origin":646618,"position":5},"title":"Gov\u2019t launching venture capital fund to restart operations at idle factories","author":"enterpriseam admin","date":"30 May 2017","format":false,"excerpt":"The government launched a venture capital outfit that will be focused on providing funding to struggling factories to get them to return to operations, Trade and Industry Minister Tarek Kabil said, according to Al Masry Al Youm. 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