SUEZ CANAL Archives

Experts Warns Suspension of Shipping Lines Across Red Sea Threatens Global Trade Sustainability

• Global Shipping Disruption: Major shipping lines, including Maersk, Hapag-Lloyd, CMA-CGM, and Yang Ming, have temporarily suspended container shipments through the Red Sea, constituting about 40% of the global trade market. This disruption is prompted...

by Nayrouz Talaat - Dec 17, 2023

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

Money

Arab Therapy Secures USD1 Million in Seed Funding to Enhance Mental Health Services

– Arab Therapy secures $1 million in seed funding, led by Flat6Labs and Vision Health Pioneers, with support from expat...

by WAYA Staff - Apr 21, 2024

Tech

Microsoft Invests USD1.5 Billion in G42 for Global AI Advancement

– Microsoft injects $1.5 billion investment into Abu Dhabi-based G42, fostering a strategic partnership for global AI development. – The...

by WAYA Staff - Apr 18, 2024

SUEZ CANAL

Experts Warns Suspension of Shipping Lines Across Red Sea Threatens Global Trade Sustainability

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