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The Agriculture Innovation Mission for Climate (AIM for Climate), a global initiative led by the UAE and the US with the support of over 140 government and non-government partners has unveiled plans to double its investment commitment to $8 billion Read more
Israeli Minister of Economy and Industry, Orna Barbivai, who arrived in Morocco Sunday for a three-day visit held, this Monday, February 21 in Rabat, a meeting with Minister of Industry and Trade Ryad Mezzour that highlighted by the signing of Read more
Cairo-based investment bank EFG Hermes has appointed Goldman Sachs to advise on First Abu Dhabi Bank’s (FAB) offer to acquire a majority stake, the bank has said in a statement. The board of Egypt’s largest investment bank also said it Read more
Saudi Arabia’s Al Jouf Agricultural Development Company (JADCO) has obtained a loan worth 186 million riyals ($49.6 million) to set up a French fries factory in the Gulf country, Zawya reports. JADCO got the loan from the Agricultural Development Fund Read more
The new Moroccan investment charter which is in the pipeline and which seeks to enshrine the Kingdom as a privileged land for regional and international investment was debated Wednesday at a working session chaired by King Mohammed VI, the Royal Read more
The Kingdom of Saudi Arabia’s Public Investment Fund (PIF) has invested in the country’s new digital bank, D360, launched Tuesday, Gulf Business reports. The Saudi cabinet validated Tuesday the license of the bank endowed with $440 million in capital. D360 Read more
A set of Kuwaiti firms have pledged to invest $90.6 million in the Eastern Province Municipality in Saudi Arabia to set up entertainment centers and a commercial mall, reports say. The investments are part of two deals signed with governor Read more
Saudi Arabia’s Public Investment Fund (PIF) has agreed to invest $40.84 million in Dubai-based interior decorator Depa PLC in return for majority stakes, Zawya reports. The deal, which has already received the requisite waivers and consents from the DFSA, will Read more
The United Nations Compensation Commission (UNCC), the UN panel set up in 1991 to manage financial compensation owed by Iraq to Kuwait, has submitted its final reports Wednesday in Geneva after Iraq paid $52.4 billion reparation to the Gulf country. Read more
Egyptian digital investment start-up Thndr has raised $20 million in Series A funding round to develop products and expand across the Middle East and North Africa (MENA), Zawya reports. Tiger Global, BECO Capital and Prosus Ventures with Base Capital led Read more