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Egypt’s E-Payment Services Surge to $52.3 Billion in FY 2023/24
Egypt's electronic payment services surged to EGP 2.50 trillion ($52.3 billion) in FY 2023/2024, up from EGP 2.10 trillion the...
Bahrain achieved a record $6.8 billion in FDI inflows in 2023
Bahrain achieved a remarkable FDI milestone in 2023, attracting $6.8 billion, up 148% from 2022, signaling robust investor confidence. Bahrain's...
UAE Leads GCC in Foreign Capital Inflows with $680.4M in May
The UAE experienced a notable recovery in foreign capital in May 2024, securing $680.4 million in net inflows after a...
Rakbank Moves to Raise $500M via Bond Sale After Shareholder Approval
Rakbank has received approval to issue non-convertible conventional bonds worth up to $500 million to enhance its capital adequacy ratio....
ISSF Invests $2M in VentureSouq Fund II to Boost Jordanian Startup Ecosystem
The ISSF invested $2 million in VentureSouq Fund II, focusing on Jordanian startups, particularly in the fintech sector. Established in...
Iraq’s E-commerce Platform Orisdi Raises Six-Figure Investment Round
Orisdi secured a six-figure bridge investment in April 2024 from a consortium including Al Sharqiya TV Group and Iraq Venture...
Arada Successfully Issues $400 Million Sukuk for Expansion and Development
Arada Developments LLC completes $400 million Sukuk issuance, under its $1 billion Sukuk programme, listed on London Stock Exchange and...
Millionaires Set to Invest Nearly $800M in Abu Dhabi and Ras Al Khaimah Properties
HNWIs plan to invest nearly $800 million in residential real estate in Abu Dhabi ($408.3 million) and Ras Al Khaimah...
UAE Proptech Stake Raises $14M in Series A Funding Round
Stake has successfully raised $14 million in a Series A funding round, led by Middle East Venture Partners (MEVP), with...
New Milestone: 11.37 Million Workers in Saudi Private Sector Employment
Private sector employment in Saudi Arabia surpasses 11.3 million workers, marking a significant milestone in the country's economic development. Saudi...
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