FAB Archives

FAB and Europe Arab bank contribute to a $150m loan to El Sewedy Electric

IFC announced its $150m investment in El Sewedy Electric, alongside participation from First Abu Dhabi bank and Europe Arab Bank. This loan will be used by El Sewedy Electric to help finance new projects and...

by WAYA Staff - Jul 4, 2022

Money

ADQ, Oman Investment Authority Launch USD 180 Million Technology-Focused Fund

– ADQ and Oman Investment Authority collaborate on the USD 180 million Jasoor Fund to boost the technology sector. –...

by WAYA Staff - Apr 24, 2024

Startups

Startups Without Borders’ Fifth Edition Set to Launch in Cairo This May

– Startups Without Borders announced the launch of its fifth annual summit, set to occur on May 10–11 at Kamelizer...

by WAYA Staff - Apr 23, 2024

Money

B Investments Acquires 90% Stake in Orascom Financial Holding

– B Investments Holding completed the acquisition of a 90% stake in Orascom Financial Holding (OFH), marking a significant milestone...

by WAYA Staff - Apr 23, 2024

Money

Egyptian Startup Bokra Secures USD4.6 Million in Pre-seed Funding

– Egyptian fintech startup Bokra secures $4.6 million in a pre-seed funding round led by DisrupTech Ventures and SS Capital....

by WAYA Staff - Apr 23, 2024

Markets

Saudi’s PIF and STC Agree To create Region’s Largest Telecom Tower Company

Saudi’s PIF and STC form deal to create the region’s largest telecom tower company, with PIF acquiring 51% of TAWAL...

by WAYA Staff - Apr 22, 2024

Money

DocsInBox Raises USD500K to Revolutionize Procurement in UAE’s F&B Sector

– DocsInBox secures USD500K to enhance procurement efficiency in the UAE’s F&B sector, aiming to streamline operations within the HoReCa...

by WAYA Media - Apr 22, 2024

Money

Ajlan & Bros Group To Allocate USD1.5 billion Investment in Egypt’s Ras Jamila

– Saudi’s Ajlan & Bros Holding Group plans to invest $1.5 billion in tourism projects in Egypt’s Ras Jamila region...

by WAYA Staff - Apr 22, 2024

People

GYF Announces “Walk the Walk Rally” to Promote Active Aging in Egypt

• Egypt’s elderly population, aged 65 and over, comprises over 8.6% (approximately 9 million), as reported by CAPMAS, highlighting the...

by WAYA Staff - Apr 22, 2024

Startups

Cairo-Based Startup Bluworks Secures $1 Million to Transform Blue-Collar Workforce Management in MENA

Bluworks, an innovative startup specializing in HRTech solutions for blue-collar industries, announced today that it has raised $1 million in...

by WAYA Staff - Apr 22, 2024

Money

Saudi Venture Capital Company Invests in 40 Investment Funds

– Saudi Venture Capital Company (SVC) has achieved remarkable growth since its inception in 2018, investing in 40 funds and...

by WAYA Staff - Apr 21, 2024

FAB

FAB and Europe Arab bank contribute to a $150m loan to El Sewedy Electric

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