Funds

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

Egypt targets sub-10 percent inflation by 2025-2026 as CAPMAS data shows easing price pressures

The country’s annual urban consumer price inflation slid to 25.7 percent in July from 26.5 percent in June

Egypt’s overseas workers send home $7.5 billion in Q2 2024, signaling success of IMF-inspired currency reform

Before the March reforms, the pound was officially pegged at 30.85 to the U.S. dollar, but traded as low as 74 on the black market

Saudi PIF affiliate invests $1.5 billion in EV maker Lucid Group

The deal includes a $750 million convertible preferred investment and a $750 million unsecured term loan

IMF completes third review for extended arrangement with Egypt, approves $820 million disbursement

The decision follows a positive economic assessment since the program's launch in December 2022

Egypt secures $2 billion in budget support from key development partners to boost private sector

During the Egyptian-European Investment Conference, Egypt secured a $1.069 billion agreement with the EU

What is an ETF? Explaining exchange traded funds

ETFs are investment vehicles that track the performance of a specific market index, such as the STI or the S&P 500