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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
Saudi Fund for Development, SFD, has signed three deals with Oman to finance several projects worth around $244 million, Zawya reports citing the Saudi Press Agency (SPA). Signed with the Omani Ministry of Finance, memorandums of understanding (MoU), aim at Read more
Tunisia has resumed talks with the International Monetary Fund (IMF) for a loan and expects to reach a deal by April, Finance Minister has told Reuters, Tunis Numerique reports. Sihem Nemsia, revealed that talks between two sides were suspended in Read more
Abu Dhabi’s leading developer Aldar has acquired Al Hamra Mall in Ras Al Khaimah for $111.64 million, Zawya reports. The company said in a statement it will reconfigure the 27,000 sq.m. mall, which was completed in 2009 by Ras Al Read more
Lebanon’s Finance minister Thursday told local media that replacing the Central bank governor, Riad Salameh, today is not “wise”, Zawya reports. Youssef Khalil, speaking to broadcaster MTV, indicated that nobody proposed removing the central bank governor, but “I do not Read more
The Egyptian government is considering the privatization of state companies every month to attract private investors, Planning Minister Hala al-Said told Reuters. “We’re trying to select the right companies that can attract good institutional and good private sector (investors), and Read more