Browsing: funding

RIYADH: Financial robo-advisory firm Abyan Capital has secured $18 million in funding in further evidence of the growing confidence in the Kingdom’s artificial intelligence sector.

RIYADH: China’s growing interest in the Middle East continues as the country’s sovereign wealth fund partnered with Bahrain’s Investcorp to establish a $1 billion investment pot. 

CAIRO: Startups in Egypt have started to gain momentum with several ventures securing funding to boost expansion efforts to the Kingdom. 

CAIRO: Startups in Egypt have started to gain momentum with several ventures securing funding to boost expansion efforts to the Kingdom. 

The top 10 military spenders in 2023 were the United States, China, Russia, India, Saudi Arabia, the United Kingdom, Germany, Ukraine, France, and Japan

Investing in these funds allows individual investors to purchase gold even if they possess only EGP 100 or EGP 200

The IMF and World Bank, whose figures the analysis is based on, estimate the countries focused on collectively owe $431bln, mostly to wealthier governments, the IMF itself and pension and hedge funds

The EU on Friday said it would provide Egypt with 1 billion euros ($1.07 billion) in short-term financial aid to help stabilise the country’s economy.

CAIRO: Startups in the Middle East and North Africa region have closed Ramadan and started Eid Al-Fitr on a positive note as venture activity continued. 

Saudi Arabia and Pakistan have committed to expediting the implementation of a previously agreed upon $5 billion investment package.