Funds

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