Browsing: finance

RIYADH: Startups in Saudi Arabia saw massive growth during the last decade raking in $3.3 billion in venture capital funding, according to a report issued by MAGNiTT.

Of the amount, $50mln will be dedicated to supporting small and medium-sized enterprises Riyadh: The Islamic Development Bank (IsDB) and…

Kuwait has invested nearly $15 billion in industrial projects and other sectors in Egypt and the assets are expected to surge in the next years following the Kuwaiti Emir’s visit to Cairo, an Egyptian newspaper said on Thursday.

The Egyptian government has submitted a request to the International Islamic Trade Finance Corporation (ITFC), a subsidiary of the Islamic Development Bank (IsDB), to increase its annually-obtained credit limit for purchasing wheat by roughly 150% to $500 million, a government official told Asharq Business.

Robo-advisory firm says funding round was led by Saudi Arabia’s STV, with Aramco-backed Wa’ed Ventures also participating

The European Union has offered Lebanon a financial package of 1 billion euros ($1.07 billion) to support its faltering economy and its security forces, European Commission President Ursula von der Leyen said on Thursday during a visit to Beirut.

The deal aims to enhance cooperation in the fields of export and import and explore investment opportunities of common interest

In March 2024, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around $7.82bln

RIYADH: Saudi Arabia’s Capital Market Authority slapped fines to the tune of SR42.9 million ($11.4 million) on 13 investors and others found in violation of the law.

RIYADH: Saudi Arabia is open to providing up to 75 percent of financing for certain industrial projects, a minister has revealed in a bid to incentivize foreign investment and private sector players.