Khazenly, the Cairo-based on-demand digital warehousing and fulfilment platform, announces its successful seed fund raise of $2.5 million. The funding round was co-led by leading regional venture capitalists Arzan Venture Capital – specialized in innovative, early-stage startups, and Shorooq Partners – focused on seed-stage tech funding across MENAP. Other investors included Fintech-focused fund – Camel […]
Research by CARMA, the global media intelligence provider, on the shift of media perception in KSA from 2020 until the first quarter of 2022, reveals how Vision 2030 is now the largest contributor to the KSA’s global media coverage – and the nation is seen in a more positive light than it was. One third […]
JLL, a leading professional services firm specialized in real estate, investment management and development consultancy services, highlighted the substantial opportunities for investors and developers in the Kingdom’s healthcare sector. Underlining the promising landscape for healthcare infrastructure development and medical service delivery, JLL recently advised Dubai-based Gulf Islamic Investments LLC (GII) on a $530 million deal to acquire […]
The MENA Fintech Association (MFTA), the leading voice of the region’s fintech community, has published the second volume of its SHIFT report. The first volume, “SHIFT – MENA Payments Landscaping”, was published earlier this year and contained everything a fintech needs to know about the region’s payments sector. In continuation to that, MFTA released the […]
The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, joined the A.Catalyst network as a result of the Declaration of Collaboration recently signed with AstraZeneca. The partnership highlights DoH’s commitment to enhancing digital healthcare in the emirate and improving patient experience and outcomes. In an effort to attract leading […]
Arabian Centres, the largest owner, developer and operator of contemporary lifestyle centres in Saudi Arabia, has launched its next-generation retail experience, brought to life through two new locations Jawharat Al-Riyadh and Jawharat Jeddah malls, collectively bringing more than 235.6 thousand square metres (sqm) of GLA. The company has signed two agreements with Riyad Capital, the […]
Tanmeyah for Microfinance Services, a wholly-owned subsidiary of EFG Hermes Holding and Egypt’s leading provider of microfinance solutions, announced today that it has successfully concluded the acquisition of Fatura Netherlands B.V. (“Fatura”). Fatura is a fast-growing tech-driven Business-to-Business (B2B) platform with a regional footprint of 22 governorates in Egypt. Fatura is backed by prominent shareholders […]
AMAN for Microfinance, a subsidiary of AMAN Group, partners with Prime Investments-Asset Management to launch its first investment fund “AMAN YOUM-B-YOUM”, where saving accounts are made available to all social segments with a daily return on investment (ROI), and few simple steps. Through the launch, the company acts as a catalyst to accelerate the pace […]
In light of the development of the international financial market and the continuous measures taken by the CBB to ensure the smooth functioning of the money markets in the Kingdom of Bahrain, the Central Bank of Bahrain (CBB) has decided to raise its key policy interest rate. CBB’s key policy interest rate on the one-week […]
Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, announced the launch of Trend Micro One, a unified cybersecurity platform with a growing list of ecosystem technology partners that enables customers to better understand, communicate, and lower cyber risks. Organizations are battling on all fronts to face mounting cyber risks from […]
