Browsing: funding

CAIRO: Venture capital investments in the Middle East and North Africa reached $355 million in July, marking a 206 percent increase from June and a 260 percent rise year on year, according to recent data.

CAIRO: Funding activity flourished in the Middle East and North Africa region, driven largely by Saudi and Egyptian startups.

RIYADH: UAE banks provided credit facilities worth 851.87 billion dirhams ($231.93 billion) to the business and industrial sectors by the end of May, reflecting a 3.18 percent year-on-year increase.  

Jeddah: The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has extended a $10 million trade finance line to the Uganda Development Bank Ltd.

The Chinese leader Xi Jinping announced the intention to bring trade between the two countries to $250 bln in 2024 at a meeting with Russian President Vladimir Putin, Liu Xu noted

“Inflation in the consumer market decelerated to 0.08% over the week from July 23 to 29, 2024,” the ministry informed

The ruble-denominated MOEX Russia Index edged down by 2.42% to 2,828.72 points. The dollar-denominated RTS Index lost 1.56% to 1,049.01…

The market for new passenger cars in the past 7 months grew by 69% year-on-year and amounted to 848,300 vehicles, the market for light commercial vehicles increased by 41% to 71,900

The response of the US Federal Reserve and possible rate lowering by it, the situation with financial and economic stimulation in China, and the OPEC+ response will drive prices further, Dmitry Skryabin believes

The BoE cut rates by a quarter point to 5.0% on Thursday, in a decision markets had thought was on a knife-edge