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Egyptian President Abdelfattah al-Sisi Monday praised Saudi Arabia and the UAE for supporting the Arab African country economically as it faces an acute economic hardship compounded by the Russia-Ukraine crisis, Middle East Monitor (MEMO) reports. “Saudi Arabia and the UAE Read more
The European Commission is nearing completion of the procedure for restarting financial assistance to the Palestinian Authority, an EU official said on Monday. “Once it is finalized, funds will be released as soon as possible for East Jerusalem hospitals Read more
The United Arab Emirates has been ranked as the best country in the Arab World in terms of attraction of Foreign direct investment (FDI) for 2021, according to the World Investment Report 2022, released recently by the United Nations Conference Read more
HSBC has launched a $53.4-million fund for tech entrepreneurs seeking international investments and operating in areas panning fintech, e-commerce, retail and mobility, health, education and software. The bank said in a press release relayed by Arab Finance that it will Read more
The Public Investment Fund (PIF), the Saudi sovereign wealth fund, announced Sunday plans to acquire a 23.97% stake in Capital Bank Group, one of the largest banking group in Jordan, Iraq and the Middle East and North Africa (MENA) region. Read more
UAE-based Gulf Islamic Investments (GII) has taken full control of Anglo-Gulf Trade Bank (AGTB) from Abu Dhabi’s sovereign wealth fund Mubadala, Zawya reports. The value of the operation has not been revealed. AGTB is a Category 1 digital bank licensed Read more
Abu Dhabi state holding firm ADQ will invest $10 billion in projects with Egypt and Jordan, the UAE’s state-run news agency WAM reported Sunday. The agency did not say sectors where the investments will go in but Egypt’s public news Read more
The Egyptian private sector is set to issue green bonds worth between $120 and $200 million, under the green transformation program, the country’s Minister of Planning Hala El-Said has revealed according to Arab Finance. The Arab country, El Said also Read more
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
HSBC has unveiled a Female Entrepreneur Fund (“Fund”), which will provide US$1bn in lending to female-owned businesses over the next 12 months across several markets including Egypt. The bank in a statement said the fund aims to break down the Read more