USA Archives

Stone Point and Mubadala to buy 20% stake in Truist Insurance for $1.95 billion

Stone Point Capital, a leading private equity firm focused on the global financial services industry, and Mubadala Investment Company, the Abu Dhabi based investment company, partnered alongside other co-investors, to purchase a 20% stake for...

by WAYA Staff - Mar 7, 2023

Tech

Central Bank of UAE approves direct debit platform for cashless solutions

The Central Bank of UAE authorized the launch of a fintech platform, developed by a Direct Debit System, to allow all UAE citizens...

by WAYA Staff - Mar 22, 2023

Money

Egypt suspends sale of Telecom Egypt stake -sources

Telecom Egypt, a government-owned telecom company, has suspended the recent decision to sell 10 percent of its stake. The news reports...

by WAYA Staff - Mar 22, 2023

Real Estate

Tatweer Misr, Saudi Arabia sign MoU for bilateral regional expansion

Tatweer Misr and the Saudi Arabian Ministries of Investment, Municipal, and Rural Affairs, and Housing have signed a memorandum of understanding (MoU) to explore...

by WAYA Staff - Mar 21, 2023

Startups

‘CORBEH’ first hub by EGX to engage startups in non-banking finance

The first hub ‘CORBEH’ is recently launched by the Egyptian Exchange in partnership with the Financial Regulatory Authority (FRA) to...

by WAYA Staff - Mar 21, 2023

<strong>Amazon</strong><strong> </strong><strong>axe</strong><strong>s</strong><strong> </strong><strong>9,000 roles</strong><strong> amid financial uncertainty</strong>

Tech

Amazon axes 9,000 roles amid financial uncertainty

Amazon.com has announced it would eliminate another 9,000 roles in its company amid a wave of lay-off in the tech sector due to current financial...

by WAYA Staff - Mar 21, 2023

Environment

Elemental Excelerator to invest US$43m in climate technologies

Elemental Excelerator, the non-profit investor in climate-tech startups including BlocPower and ChargerHelp, has announced investing US$43 million in climate technologies....

by WAYA Staff - Mar 21, 2023

Startups

Fintech startup Credable secures US$2.5 m seed fund for market expansion

The fintech startup Credable secured its US$2.5 million seed fund to expand to more stable emerging markets. The startup is...

by WAYA Staff - Mar 21, 2023

Startups

Saudi Venture Capital to invest $US1.6b in Startups

The Saudi Venture Capital (SVC) and the Capital Market Authority announced the launch of ‘Investment in Fintech VC Funds’ to...

by WAYA Staff - Mar 20, 2023

Real Estate

Marriott International, Saudi PIF sign agreement to open eight hotels in Madinah

Marriott International has announced a new hospitality scheme in the most attractive destination ‘Madinah’, Saudi Arabia. The new scheme is bringing...

by WAYA News - Mar 20, 2023

Energy

Infinity Power acquires 100% of Lekela Power

Infinity Power, a joint venture between Egypt’s Infinity and UAE’s Masdar, announced a 100 % acquisition of Lekela Power. Established in...

by WAYA Staff - Mar 20, 2023

USA

Stone Point and Mubadala to buy 20% stake in Truist Insurance for $1.95 billion

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