Funds

Halo AI secures $6 million to expand brand creator collaborations beyond Saudi Arabia

The company aims to expand into Dubai and Kuwait, targeting growth in MENA, Europe, and North America

Saudi PIF completes $7 billion inaugural murabaha credit facility

This financing arrangement is backed by a broad consortium of 20 international and regional financial institutions

Abu Dhabi’s Mubadala rises as leading global sovereign investor in 2024

Mubadala and its subsidiaries invested in 2024 $29.2 billion, up from $17.5 billion in 2023

Egypt receives first $1.03 billion EU funding installment

Discussions are currently in progress to approve a second tranche of $4.14 billion

Saudi Arabia’s public investment funds assets jump 37 percent to $42.6 billion at end of Q3 2024

The subscriber count saw a remarkable increase of 51 percent, translating to nearly 528,000 additional subscribers

Abu Dhabi Fund for Development boosts Maldives with $40 million loan for airport expansion

This loan follows a previous allocation of AED183.5 million ($50 million) granted in 2017 for the initial stages of the project

OPEC Fund signs first loan agreement with Montenegro for $52 million to enhance climate initiatives

The loan is aimed at enhancing fiscal sustainability and facilitating the green transition in the southeastern European nation

OPEC Fund authorizes nearly $1 billion in new development financing

These initiatives support global nations by improving infrastructure, food security, renewable energy, and economic resilience

Saudi Arabia’s PIF launches Adeera to develop new homegrown hospitality brands

A comprehensive initiative to transform the Saudi hospitality sector and enhance local talent

COP16 Riyadh: IsDB provides over $4.4 billion in financing to projects aligned with UNCCD

IsDB has exceeded its climate action target of dedicating 35 percent of its financing to climate initiatives and projects by 2025

New Murabba launches ESG and decarbonization strategies aligned with Vision 2030

These frameworks demonstrate the company's commitment to sustainable development

What is Islamic finance: Principles and opportunities for growth

The global Islamic finance industry is witnessing remarkable growth, with total assets reaching $3.3 trillion by the end of 2023

COP29: UAE pavilion highlights role of climate finance in reaching net zero

Discussions focused on bringing marginalized groups 'into the problem-solving process'

COP29: Investor groups with over $10 trillion in assets commit to accelerating climate financing

Sweden announced a contribution of $730 million to the UN Green Climate Fund (GCF), bringing overall contribution to $749 million

COP29: Troika assesses ‘Roadmap to Mission 1.5°C’

Leaders’ Summit of the Small Island Developing States (SIDS) on Climate Change takes center stage

Gitex Global 2024: Khalifa Fund launches AI platform to enhance operational efficiency, transform public services

The platform aims to improve government solutions for better service delivery and adaptability

DP World Trade Finance, Nedbank partner to deliver working capital solutions in Africa

DP World Trade Finance implemented a supply chain finance program on its platform, with Nedbank CIB as the financer

Abu Dhabi’s Hub71 welcomes 21 startups with $134.9 million in funding

Seven startups will join Hub71+ ClimateTech, gaining tailored resources for their sustainability missions

UAE’s ADX sees $507.2 million in ETF trading value during eight months of 2024

Since the start of 2024, ETF trading volume has reached 450.7 million units

UAE: $9.52 billion surge in AUM by portfolio management companies, investment funds

The SCA reported an 83 percent increase in authorized companies this year, rising from 18 to 33 since January

Dubai SME: Over $3 billion in contracts awarded to entrepreneurs since inception

Hamdan Innovation Incubator supported 109 Emirati tech startups in H1 2024