VC Archives

Raya Holding To Launch New EGP 100 Million VC Fund

Raya Holding announced that it will invest EGP 100 million to establish a direct investment fund specifically for fintech, according to the Egyptian Stock Exchange. Raya explained that the aim of investing in the new...

by WAYA Staff - Dec 6, 2020

<strong>Abu Dhabi’s G42 </strong><strong>buys </strong><strong>stake in TikTok owner ByteDance</strong>

Tech

Abu Dhabi’s G42 buys stake in TikTok owner ByteDance

Abu Dhabi-based AI firm G42 bought a $100 million plus stake in Tiktok-parent ByteDance. The deal has brought the total value of the ByteDance to $220 billion,...

by WAYA Staff - Mar 23, 2023

Startups

Bahraini Estater startup raises US$5m in Series A round

Bahraini AI-based startup announced the closing of a series A funding round at more than US$5 million, according to a company’s...

by WAYA Staff - Mar 23, 2023

Startups

Startup Spotlight: Tamara

Tamara, a shariah-compliant buy now, pay later (BNPL) service, is making a significant impact in the regional market. Founded in...

by WAYA Staff - Mar 23, 2023

Tech

New investment plan in SpaceX by Saudi Arabia, UAE

New investment plan in SpaceX by Saudi Arabia, UAE Badeel, a subsidiary of Saudi Arabia’s investment fund, and UAE’s Alpha...

by WAYA Staff - Mar 23, 2023

<strong>W</strong><strong>B </strong><strong>approves </strong><strong>US</strong><strong>$7</strong><strong>b</strong><strong> for development cooperation</strong><strong> in Egypt </strong>

Money

WB approves US$7b for development cooperation in Egypt

The Word Bank approved a new Country Partnership Framework at a budget of US$7 billion, including IFC-backed US$2 billion for the...

by Waya Staff - Mar 22, 2023

Markets

Rakiza secures US$1b to invest in Omani, Saudi construction projects

Infrastructure investor Rakiza it had closed its first fund at more than US$1 billion. The Omani fund announced that 25% of its...

by WAYA Staff - Mar 22, 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

VC

Raya Holding To Launch New EGP 100 Million VC Fund

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