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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
International Financial Corporation (IFC), a member of the World Bank Group, approved last year $839 million loans to banks in North Africa & Middle East region to help them provide trade financing for their clients, boost cross border trade and Read more
Metito, United Arab Emirates-based water and waste-water specialist, has announced that it has made progress as part of its expansion project, after securing long-term financing to support expansion plans in Indonesia, Egypt and China. Abu Dhabi-based Gulf Capital, and the Read more
The International Finance Corporation (IFC), a member of the World Bank Group, has granted a $30 million loan to Malta-based FIMBank designed to boost trade between Europe, the Middle East, and Africa, and to support economic development in the region. Read more
A stake of 6.6% has been acquired by a Jordanian private equity firm in the Jordan Dubai Islamic Bank (JDIB). The private equity firm known as Foursan Group has now taken over as the second largest stakeholder in the bank. Read more
IFC, a global development institution, member of the World Bank Group, has helped arrange a $125 million financing package for Wataniya Mobile Palestine to aid in making mobile services more accessible and affordable in the West Bank and Gaza. IFC Read more
The World Bank has deemed it necessary to help the MENA region rebuild from the aftermath of the Arab Spring with an investment of half a billion dollars. The bank is trying to raise the fund through one of its Read more
The Islamic Development Bank and the International Finance Corporation (IFC) have announced a $100 million financial contribution to support several infrastructure projects across the Middle East and North Africa. IDB and IFC are injecting each $50 million in the Arab Read more
Women entrepreneurs in Lebanon, especially those owning smaller businesses, will have a better access to financial services thanks to the support provided by the International Finance Corporation (IFC) through an agreement signed with BLC Bank. The IFC says it will Read more
The United Arab Emirates smaller businesses have managed to get support and credit access thanks to a partnership sealed with the Arab Monetary Fund and the International Finance Corporation (IFC). This partnership will enable UAE draft a law on secured Read more