US agency plans 150M investment in Mideast fund

first_img Construction begins on Chandler hospital expansion project Top Stories OPIC and Abraaj said in a statement late Sunday that the Abraaj-managed Riyada Enterprise Development Growth Capital Fund aims to help businesses across the Middle East and North Africa, with Egypt as one of the main targets. It is expected to ultimately have a capitalization of $400 million.OPIC uses private capital to promote development and helps businesses break into emerging markets.(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) Mary Coyle ice cream to reopen in central Phoenix Four benefits of having a wireless security system Former Arizona Rep. Don Shooter shows health improvement Comments   Share   center_img DUBAI, United Arab Emirates (AP) – A U.S. government financing agency says it plans to pump $150 million into a Mideast private equity fund designed to promote the growth of small and medium-sized businesses in the region.A division of Dubai-based Abraaj Capital, the Middle East’s largest private equity firm, will manage the financing provided by the U.S. government’s Overseas Private Investment Corporation. Sponsored Stories Parents, stop beating yourself up Men’s health affects baby’s health too Bottoms up! Enjoy a cold one for International Beer Daylast_img

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