Funds

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

Abu Dhabi’s startup ecosystem ranked fastest growing in MENA, raises $1.06 billion in VC: Report

The emirate was also recognized for its strengths in the FinTech, AgTech and New Food, and ClimateTech sectors

U.S. pledges $130 million to support Egypt’s development efforts

This partnership will contribute to stimulating Egypt’s private sector participation in diverse projects

Inflation in Egypt predicted to drop by 10 percent by end of June 2025: Report

The report cited the recent floating of the pound exchange rate and an enhanced IMF agreement

Four Egyptian banks receive positive outlook on improved foreign currency liquidity: Report

These revisions reflect reduced pressures on these banks' capital ratios in the upcoming FY2024/2025

Oman, Kuwait ink four agreements in investment, education and metrology

Agreements to boost existing and future investments in Oman and Kuwait in key sectors

Egypt’s annual urban inflation rate decreases to 32.5 percent in April

Prices in April increased by 1.1 percent, up from 1.0 percent in March, on a month-on-month basis

ATM 2024: Egypt seeks GCC investment boost for tourism development

Egypt targets attracting 30 million tourists by 2028 in light of additional funding for more tourism development projects

COP28 President urges parties to ‘build on progress’, help those most vulnerable to climate change

At COP28, countries pledged a total of $792 million for loss and damage funding arrangements

Abu Dhabi’s ADQ, Oman Investment Authority launch $180 million technology-focused fund

Jasoor Fund propels digital transformation and technological advancement across the region

Hedge fund industry sees $190 billion asset growth in Q1, hits record $4.3 trillion

The industry attracted $16.6 billion in new investments, with a focus on equity and event-driven hedge fund strategies