Latest news with #CIAM
Daily News Egypt
5 days ago
- Business
- Daily News Egypt
CI Capital Asset Management launches Egypt's first sustainable equity fund
CI Capital Asset Management (CIAM), Egypt's leading asset manager and a Forbes Top 40 firm in the Middle East and North Africa (MENA) region, has launched Egypt's first open-ended sustainable equity fund — the Misr Green – Sustainability (ESG) Fund. This pioneering fund marks a new milestone in Egypt's investment landscape and is available for subscription to both institutional and individual investors, starting Wednesday, 18 June 2025, through CI Capital Fixed Income Brokerage. The fund is designed to invest in sustainability-compliant companies listed on the Egyptian Exchange (EGX), specifically targeting the 30 best-performing stocks that meet stringent environmental, social, and governance (ESG) criteria across a wide array of sectors. The launch reflects CI Capital's strong commitment to supporting Egypt's Sustainable Development Goals (SDGs), while also aligning with global investment trends that favour long-term, risk-adjusted returns through ESG-focused strategies — even amidst short-term market fluctuations. 'This launch marks a new chapter in our mission to deliver innovative, impact-driven investment products,' said Dr. Amr Abol Enein, CEO and Managing Director of CI Capital Asset Management. 'We are proud to be the first asset manager in Egypt to introduce a public equity fund that systematically incorporates ESG principles — in line with global best practices and our internal sustainability framework.' As the first ESG-focused equity fund available via Egyptian banks, Misr Green – Sustainability (ESG) Fund significantly expands access to responsible investing options in Egypt's capital markets. The new fund adds to CIAM's expanding portfolio of tailored investment solutions. In recent years, CIAM has introduced several first-of-their-kind products to the Egyptian market — including the EGX30 Capped Index 'Misr Equity Fund' in 2022, followed by Misr Shariah Equity, which tracks the EGX 33 Shariah Index. These offerings were followed in 2024 by a suite of sector-specific equity funds and a USD-denominated fixed-income fund, further diversifying the firm's product range. CIAM is currently Egypt's largest asset manager, with more than EGP 82bn in assets under management (AUM), the largest number of investment funds and mandates, and the broadest product offering in the country. The firm has earned multiple awards for its leadership in asset management across Egypt, the Middle East, and Africa, and was once again named among the region's Top 40 asset managers by Forbes Middle East in 2025.
Zawya
5 days ago
- Business
- Zawya
CI Capital Asset Management launches Egypt's first Sustainable Equity Fund
Cairo, Egypt: CI Capital Asset Management (CIAM), Egypt's leading asset manager and a Forbes Top 40 asset manager in the Middle East and North Africa (MENA) region, a subsidiary of CI Capital Holding ( is proud to announce the launch of the country's first open-ended sustainable equity fund — the 'Misr Green – Sustainability (ESG) Fund' — a pioneering product in Egypt's investment landscape. The fund opens for subscription on Wednesday, 18 June 2025, and upon the close of the subscription period will be the first sustainable/ESG fund offered on Egyptian banking platforms. The new fund offers investors a differentiated, responsible investment solution one that captures both the growth potential and the best business practices of Egypt's leading companies. It targets superior returns while aligning with and contributing to Egypt's sustainable development goals. The Misr Green – Sustainability (ESG) Fund is an open-ended ESG index tracker fund that invests in the 30 best-performing listed companies on the Egyptian Exchange (EGX), selected for their leadership in environmental, social responsibility, and governance (ESG) standards across a diversified range of sectors. The fund aims to track the official EGX ESG index, which has demonstrated sustained outperformance compared to conventional equity indices over time. The launch of this fund marks a significant milestone in CIAM's leadership and innovation in the being the first ESG-focused public equity fund accessible through Egyptian banks. This initiative comes as global studies continue to show that sustainable investments outperform conventional alternatives on a risk-adjusted basis over the long term, despite recent short-term market volatility. 'The launch of the Misr Green Sustainability (ESG) Fund is a new chapter in our ongoing effort to offer innovative, impact-driven investment products to both institutional and individual investors. We are proud to be the first asset manager in Egypt to provide a public equity fund that systematically integrates ESG principles in line with global best practices and our internal sustainability policy,' Commented Dr. Amr Abol Enein, CEO and Managing Director of CI Capital Asset Management. The new fund complements CIAM's growing range of investment solutions, tailor-made to meet the evolving needs of both institutional and individual investors within the local market and abroad. It is the firm's third index-tracking product after the company introduced its equity fund tracking the EGX30 Capped index 'Misr Equity' in 2022, the first of its kind in the local market, followed by the launch of yet another first-of-its-kind product in the local market 'Misr Shariah Equity' which tracks the EGX 33 Shariah index, both were followed by the recent successful launches of the company's sector equity funds and the USD fixed-income fund. This adds further diversity and choice to the firm's product suite, reinforcing CIAM's leadership position in the Egyptian market in terms of the size of assets under management (AUM), product breadth, and innovation. CI Capital Asset Management is the largest asset manager in Egypt, with the largest assets under management (AUM), the largest number of funds and mandates, and the widest product variety. The firm was ranked again among the top 40 asset managers in the Middle East for 2025 by Forbes Middle East. CIAM currently manages assets exceeding EGP 82 billion, one of the highest in Egypt, and has received multiple awards for its leadership in asset management across Egypt, the Middle East, and Africa.
Yahoo
10-06-2025
- Politics
- Yahoo
4 people detained in Los Angeles on Friday already deported to Mexico
Four people who were detained by federal agents during immigration raids in Los Angeles on Friday have already been deported back to Mexico. Mexico Foreign Secretary Juan Ramón De la Fuente confirmed the news on Monday evening, adding that, after consulting with Mexico President Claudia Sheinbaum, the country has decided to 'exhaust legal and diplomatic avenues to defend the rights of its citizens who feel threatened in the United States through actions deployed by the consular network to provide legal assistance and advice.' Women's rights organization wants all American flags nationwide flown upside down Some of that assistance will not be available to some of those detained since Friday, as four detainees were deported back to Mexico within 48 hours, De la Fuente stated. In a speech on Monday, he specified that two of them self-deported and the other two were deported due to a removal order. In the speech, the foreign minister reiterated President Sheinbaum's message to protesters, asking them to demonstrate peacefully and condemning the violence on the streets of L.A. He also said that conversations with his American counterparts will continue to take place as the raids – and protests – continue. 'The instructions on this have been very clear: dialogue, as much as necessary; cooperation, with pleasure; coordination, of course; but not subordination,' De la Fuente said. The Information and Assistance Center for Mexicans (CIAM) has been set up to help alleviate concerns surrounding the ICE raids and is available 24 hours a day, 7 days a week by calling 520-623-7874. Federal immigration officials have not disclosed exactly how many people have been detained during the raids thus far, although they did release the names and photos of six men from six countries who were detained in L.A.; all of them are said to have violent criminal records. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Associated Press
27-05-2025
- Business
- Associated Press
Strivacity and IDMWORKS Partner to Accelerate Digital Identity Transformation
HERNDON, Va., May 27, 2025 (GLOBE NEWSWIRE) -- Strivacity, a leading provider of modern customer identity and access management (CIAM) solutions, today announced a strategic partnership with IDMWORKS, a premier identity security services firm, to help organizations modernize and secure customer onboarding and sign-in journeys while simplifying implementation and accelerating time-to-value. 'This partnership gives organizations the technology and support they need to deliver customer-focused outcomes faster,' said Doug Popik, Strivacity's vice president, Worldwide Sales. 'With Strivacity's focus on product innovation and IDMWORKS' proven success in identity transformation, organizations can confidently move from idea to go-live with less effort and greater impact.' Strivacity's unified CIAM platform consolidates critical capabilities, including registration, identity verification, fraud detection, consent management, and adaptive access, as well as provides a powerful customer insights dashboard. Business and security teams gain real-time visibility into how customers engage with onboarding and sign-in flows – enabling them to identify drop-offs, optimize experiences, and make secure, data-driven decisions without heavy engineering involvement. IDMWORKS complements Strivacity's technology with end-to-end identity services – ranging from strategy and design to implementation, integration, and managed services. With a two-decade track record of guiding complex IAM initiatives, IDMWORKS brings industry-specific insights and scalable frameworks that help clients reduce risk while accelerating customer impact. 'Too many organizations get stuck in the weeds trying to modernize identity. This partnership changes that,' said Paul Bedi, CEO, IDMWORKS. 'With Strivacity's intuitive platform and our proven delivery model, companies can implement secure, scalable customer identity solutions faster – without the usual friction.' This partnership comes on the heels of Strivacity's designation as a leader in The Forrester Wave™: Customer Identity and Access Management (CIAM), Q4 2024, recognizing its ability to help businesses deliver secure and seamless digital experiences with speed and agility. About IDMWORKS IDMWORKS is an industry-leading identity and access management (IAM) solutions provider. Since 2004, the company has been dedicated to securing businesses and enabling interactions with their customers, partners, and employees driving transformative growth. Complex identity challenges are simplified through the team's vision, expertise and resilience ensuring strategic outcomes are successful. IDMWORKS' deeply knowledgeable and customer-centric experts have been leading the ever-shifting IAM industry for nearly two decades, positioning the company to deliver cutting-edge cyber security solutions. About Strivacity Strivacity helps brands add secure sign-up and sign-in capabilities to their customer-facing applications without tying up a crew of developers or consultants. We offer a unified customer identity and access management (CIAM) solution that uses clicks (not custom coding) so organizations can get going fast and don't have to choose between creating great customer experiences, securing their customers' data and staying compliant with fast-changing privacy regulations like GDPR and CCPA. Contact James Gallagher Spire Communications for Strivacity (919) 308-0738 [email protected]
Yahoo
27-05-2025
- Business
- Yahoo
Strivacity and IDMWORKS Partner to Accelerate Digital Identity Transformation
Partnership brings together seamless customer identity solutions to fast-track secure, scalable customer experiences HERNDON, Va., May 27, 2025 (GLOBE NEWSWIRE) -- Strivacity, a leading provider of modern customer identity and access management (CIAM) solutions, today announced a strategic partnership with IDMWORKS, a premier identity security services firm, to help organizations modernize and secure customer onboarding and sign-in journeys while simplifying implementation and accelerating time-to-value. 'This partnership gives organizations the technology and support they need to deliver customer-focused outcomes faster,' said Doug Popik, Strivacity's vice president, Worldwide Sales. 'With Strivacity's focus on product innovation and IDMWORKS' proven success in identity transformation, organizations can confidently move from idea to go-live with less effort and greater impact.' Strivacity's unified CIAM platform consolidates critical capabilities, including registration, identity verification, fraud detection, consent management, and adaptive access, as well as provides a powerful customer insights dashboard. Business and security teams gain real-time visibility into how customers engage with onboarding and sign-in flows – enabling them to identify drop-offs, optimize experiences, and make secure, data-driven decisions without heavy engineering involvement. IDMWORKS complements Strivacity's technology with end-to-end identity services – ranging from strategy and design to implementation, integration, and managed services. With a two-decade track record of guiding complex IAM initiatives, IDMWORKS brings industry-specific insights and scalable frameworks that help clients reduce risk while accelerating customer impact. 'Too many organizations get stuck in the weeds trying to modernize identity. This partnership changes that,' said Paul Bedi, CEO, IDMWORKS. 'With Strivacity's intuitive platform and our proven delivery model, companies can implement secure, scalable customer identity solutions faster – without the usual friction.' This partnership comes on the heels of Strivacity's designation as a leader in The Forrester Wave™: Customer Identity and Access Management (CIAM), Q4 2024, recognizing its ability to help businesses deliver secure and seamless digital experiences with speed and agility. About IDMWORKS is an industry-leading identity and access management (IAM) solutions provider. Since 2004, the company has been dedicated to securing businesses and enabling interactions with their customers, partners, and employees driving transformative growth. Complex identity challenges are simplified through the team's vision, expertise and resilience ensuring strategic outcomes are successful. IDMWORKS' deeply knowledgeable and customer-centric experts have been leading the ever-shifting IAM industry for nearly two decades, positioning the company to deliver cutting-edge cyber security solutions. About Strivacity helps brands add secure sign-up and sign-in capabilities to their customer-facing applications without tying up a crew of developers or consultants. We offer a unified customer identity and access management (CIAM) solution that uses clicks (not custom coding) so organizations can get going fast and don't have to choose between creating great customer experiences, securing their customers' data and staying compliant with fast-changing privacy regulations like GDPR and CCPA. ContactJames GallagherSpire Communications for Strivacity(919) 308-0738jgallagher@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
