Funds

Abu Dhabi fund’s development and investment financing surpasses $58.8 billion in 2023

Achieving sustainable development and supporting developing countries remains a priority

Investopia 2024: IOTA Foundation launches $10 million investment fund

The fund cements Investopia's position as a global incubator for technology innovation investments, digital trade, and new economy projects

EU commits $8 billion aid package to Egypt for migration management, trade expansion

Under the aid package, Egypt will receive a combination of grants and loans over the next three years

Moody’s upgrades Egypt’s credit outlook to positive following successful IMF deal

The agency also affirmed Egypt's foreign-currency senior unsecured ratings at Caa1

Saudi Arabia’s National Development Fund signs partnership agreement with World Economic Forum

The partnership seeks to foster ties with diverse financial institutions and companies

LEAP 2024: Saudi Arabia launches $120 million in venture funds to boost gaming, esports sector

The funds seek to promote local content development and drive industry impact in line with Vision 2030

Mothers’ Endowment campaign: $272 million education fund launched ahead of Ramadan

The campaign's primary objective is to honor mothers by enabling individuals to make donations in their mothers' names

IMF grants $4.7 billion to Argentina for restoring macroeconomic stability

Total disbursements reach approximately $40.6 billion under IMF arrangement

Dubai launches $136 million initiative to boost SMEs’ global expansion

Initiative to offer competitive financing for local SMEs at competitive rates

European banks enter 2024 bolstered by strong profit growth

Lenders expected to experience adverse effects of rising interest rates