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Alpha Dhabi Holding, an Abu Dhabi-based investment company, will invest 9.2 billion dirhams ($2.5 billion) in Alpha Wave Ventures II; a venture fund which focuses on financial tech, artificial intelligence, life sciences, consumer internet, and B2B. With the investment, Alpha Read more
Hungary-headquartered and low cost airline Wizz Air has revealed plans for expansion opportunities in Saudi Arabia, Zawya reports. The airline, the media notes, has signed a Memorandum of Understanding (MoU) with the Future Aviation Forum to explore airline market development Read more
The UAE Monday announced a $4.2 billion Investment Initiative to facilitate investments in the Greek economy across a wide range of sectors, reports say. This came as part of several other agreements signed between the two countries as Prime Minister Read more
The European Bank for Reconstruction and Development (EBRD) is expected to provide a senior unsecured debt facility of $20 million to the Commercial International Bank Egypt (CIB) (COMI) to support private small- and medium-sized enterprises (SMEs) led by women, Arab Read more
Riyadh-headquartered B2B ecommerce marketplace Retailo has announced the acquisition of Dubai-based online marketplace DXBUY for an undisclosed investment, after the company raised $36 million for its Series A round in February this year. The platform in a statement said the Read more
Riyadh Chamber and China Foreign Trade Center also known as Canton Fair, have inked today a cooperation deal to enhance and expand commercial, industrial and investment relations through encouraging cooperation among businesspeople and facilitating the realization of mutual interests, Zawya Read more
The International Finance Corporation (IFC), a member of the World Bank Group, announced Wednesday the investment of $5 million a new venture capital fund from Disruptech Ventures to support development in Egypt’s fintech sector and help expand access to financial Read more
Public utility Qatar Electricity and Water Company (QEWC) has acquired a 24 percent equity stake in Unique Meghnaghat Power Ltd. in Bangladesh through its subsidiary, Nebras Power Investment Management B.V., Zawya reports. QEWC did not disclose the value of the Read more
Egypt is planning to install 5,000 communication towers with $318 million in investments, Communication minister Amr Talaat has told Al Arabiya.net in an interview, Arab Finance reports. The project will take five years for completion and will be implemented in Read more
The European Union (EU) and the African Union (AU) are holding this week (Feb. 17, 18) their sixth joint summit to reaffirm partnership between the two regions but the European ambition is expected to meet distrust from the African side, Read more