Cairo – Mubasher:  The Egyptian finance ministry said on Monday that private equity funds will be obliged to transfer 15% of their monthly revenue to the Central Bank of Egypt (CBE), as part of the plan set for rationalising spending and backing the budget, according to a recent report.

The ministry has exempted funds and accounts of educational and research projects from such obligation, in addition to projects financed by grants and international agreements, donations, and the social housing project.