Specialized fund for investment in the Middle East, Africa

The measures for establishing the first specialized fund for investment in Middle East and Africa are to begin on May 15.

Its capital will be between 30 and 50 million dollars. Egypt Hermes along with England Hermes registered in the Bermuda Islands will establish the fund.

A member of the board of directors in Egypt Hermes, Ali El-Tahry, said the documents will be registered in Ireland's stock market. El-Tahry added that merchandising of this fund will begin on Sunday all over the world on economic newspapers and the Internet.