Tokyo, Japan--Japan is preparing to resume funding to the UN's crisis-hit Palestinian refugee agency (UNRWA), which coordinates nearly all aid to Gaza, the government said. Once the sixth-largest contributor to the agency, Japan joined more than a dozen countries in pausing funding after Israel claimed that 12 of UNRWA's 13,000...

Gaza has endured almost six months of war and a siege that has cut off most food, water, fuel and other supplies, and the UN has warned that its 2.4 million people are on the brink of a "man-made famine". The flow of aid trucks from Egypt has slowed amid...

The funds, according to the King Salman Humanitarian Aid and Relief Centre (KSrelief), would support UNRWA's "humanitarian relief efforts in the Gaza Strip", where the Israel's war has raged for more than five months. The funding will provide food for more than 250,000 people and tents for 20,000 families.

Cairo, Egypt -- The potential termination of the UN Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) due to a lack of funds poses a danger for the entire region, Arab League Secretary General Ahmed Aboul Gheit said. "The cessation of the work of this UN...

MADRID, SPAIN -  Spain said on Monday that it would give an additional US$$3.8 million (3.5 million euros) in aid to the UN Palestinian refugee agency UNRWA, which is facing a cash crunch after several nations suspended their funding. Over a dozen countries, including major donors the United States, Germany, Britain...

Vienna, Austria - The OPEC Fund for International Development allocated US$1.7 billion across 55 projects globally in 2023, providing funding to address climate change and energy transition, support social and economic resilience and boost sustainable growth. The organization was established 48 years ago and the 2023 results represent a record...

Gazans lamented the suspension of funding to the UN agency for Palestinian refugees by several donor countries after Israel charged that some UNRWA staff took part in Hamas's October 7 attack. The agency has fired several staff over Israel's accusations and has promised a thorough investigation into these claims, which...

Australia and Canada have suspended their funding to the UN agency for Palestinian refugees, after Israel accused several employees of involvement in Hamas's October 7 attack. Australian Foreign Minister Penny Wong said she was "deeply concerned" by the allegations against the agency, UNRWA.

The company deals in risk management infrastructure for digital assets.

Deep-tech companies in the Middle East are facing challenges due to limited funding and inadequate R&D centers, leaving entrepreneurs seeking a more supportive ecosystem.

Deep-tech companies in the Middle East are facing challenges due to limited funding and inadequate R&D centers, leaving entrepreneurs seeking a more supportive ecosystem.

MANILA, PHILIPPINES - The Asian Development Bank (ADB) approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping crises. The expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions...

The comments from Jay Shambaugh, the Treasury's under secretary for international affairs, underscore the Biden administration's push for the IMF and World Bank to play a greater role in financing climate change adaptation and mitigation.

MENA startups secured US$95 million in July 2023 across 31 deals; equity investments hit US$55 million, boosted by One Moto's US$ 40 million round.

Amman, Jordan--Jordan’s economy has seen a 47.6 percent increase in investments in the first half of 2023, according to data released by the government. The kingdom's aggregate investments amounted to $844.8 million in the first six months of the year, up from $571 million over the same period in 2022....

Thames Water, which supplies 15 million homes and businesses in London and elsewhere in southern England, has debts of almost £14 billion.

RIYADH, SAUDI ARABIA – The Saudi Arabian Football Federation (SAFF) announced unprecedented funding and support for women’s football clubs. This initiative will help in growing women’s football leagues and will ensure its sustainability. SAFF  will provide financial help to Saudi Premier League and Women's First Division clubs. SAFF will allocate...

Abu Dhabi, UAE--The Central Bank of the United Arab Emirates (CBUAE) has noted with satisfaction the persistent credit appetite of the private sector in the country, evident in the strong demand growth for loans that were coupled with financial institutions’ increased willingness to lend in the first quarter of this...

ADIB will facilitate the opening of Shariah-compliant bank accounts.

The cost to secure thousands of inactive oil and gas wells in the US Gulf of Mexico could top $30 billion, as per research published weighing potential environmental damage against estimated price tag. With new US government funding available for plugging old fossil fuel wells, the authors focused on offshore...

While 67 deals totaling $247 million in funding were reported in March 2023, the total capital raised in Q1 2023 surpassed US$ 1.1 billion, marking a 17% rise over the last quarter.

Paris, UAE -- Without $97 billion in extra funding, a range of countries will fail to meet their 2030 national education targets, a new UN report has said, calling for an urgent review of financing. The paper “Can countries afford their national SDG4 benchmarks?” by the Global Education Monitoring (GEM)...

GENEVA, SWITZERLAND - The global transition to renewable energy will require greater investment in integrated weather and climate services, the World Meteorological Organization (WMO) said. This investment is critical to ensure that energy infrastructure is resilient to climate-related shocks and to harness the power of energy generated from sources such...

ROME, ITALY  -  The Food and Agriculture Organization of the United Nations (FAO) has welcomed a US$23.7 million contribution from the Norwegian government to scale up its response to humanitarian crises and emergencies. The contribution represents the largest single un-earmarked funding of its kind to date. The funds will be...

Warning that it could be left with no option but to cut support for children in Yemen without a funding boost, the UN said that more than 540,000 children under the age of five are suffering life-threatening severe acute malnutrition with one child continuing to die every 10 minutes from...

In order to reinstate full food rations for millions in Yemen, the WFP has said that it requires more than double the money raised for all United Nations agencies in Yemen this year. The UN was able to raise only $1.2 billion for all its agencies in Yemen at a...

Jerusalem--An Israeli military court on Tuesday sentenced Bassam al-Saadi, a senior member of Palestinian militant group Islamic Jihad in the occupied West Bank, to 22 months in prison, the army said. Leader of Islamic Jihad in the north West Bank city of Jenin, Saadi was arrested on August 1 and...

Riyadh, Saudi Arabia--The Arab Gulf Program for Development (AGFUND) will support UNICEF with funding in order to contain the spread of waterborne diseases in Lebanon. In this regard an agreement was signed in Riyadh by Prince Abdulaziz bin Talal bin Abdulaziz, Chairman of the Board of Directors of AGFUND, and...

DUBAI, UAE - Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has hosted the sixth episode of a series of digital industry workshops focusing on the e-commerce market. Attended by Dubai's e-commerce industry leaders, the workshop saw discussions on topics surrounding regulations, funding, talent,...

Dubai, UAE--Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has organised a workshop designed to bring key players, investors and related parties together to discuss the future of this nascent sector. The workshop, held at Dubai Chambers headquarters, included a lively roundtable session, where...

For strong growth companies, the choice has narrowed down to growth funding vs private equity and both have different criteria. Very often, companies prefer growth-oriented investors for higher valuations, whereas many PE investors remain by nature more cautious, he adds.

WASHINGTON, UNITED STATES - US lawmakers early Tuesday released the text of a US$1.7 trillion funding bill which Congress hopes to pass within days to avert a government shutdown. The bill includes $858 billion in defense funding and will also provide $44.9 billion in emergency assistance for Ukraine. It also includes...

The World Health Organization called for more funds to help overcome towering challenges in the battle against malaria, which continues to kill hundreds of thousands of mainly African children each year. It warned that the world was currently "off track" to reach its goal of reducing malaria cases and deaths...

Investors are paying greater attention than ever before to the founders' backgrounds, personalities and achievements, says Arwa Shafi of Saudi startup accelerator TAQADAM.

Turkish and Qatari official are in the final stages of talks to work out the modalities of extending the funding.

G7 industrialized powers vowed Friday to "urgently" move towards implementing a price cap on Russian oil imports in a bid to cut a major source of funding for Moscow's war in Ukraine. The G7 said it was working towards a "broad coalition" of support for the measure but officials in...

Shaken by the pandemic, the World Health Organization's member states agreed Tuesday to overhaul how they fund the UN health agency, giving it much more money to spend on its own priorities. The budget revamp is aimed at strengthening the organization and making it more agile when responding to global...

The companies must also strive for more delegated authority and accountability as delays and poor follow-up lead to disaster, says Rabih I Khoury, Partner & Chief Exit Officer, MEVP.

More Syrian children are in need than at any time since a devastating civil war erupted over a decade ago, but funding for them is "dwindling", the United Nations warned Sunday. "Children's needs, both inside Syria and in neighboring countries, are growing," said Adele Khodr, UNICEF's Middle East chief.

Twitter is reconsidering Elon Musk's buyout proposal, with discussions between the two camps ongoing Sunday, The Wall Street Journal reported, after the billionaire said Thursday he had secured the necessary funding. "Twitter is taking a fresh look at the offer and is more likely than before to seek to negotiate,"...

More than a dozen Chinese coal power projects overseas were cancelled after a ban last year on funding such plants, but loopholes could allow 18 others to still go ahead, according to a study published Friday.

Saudi Arabia has evinced interest to develop small modular nuclear reactors in order to generate electricity for remote areas of the kingdom. He told GEC 2022 in Riyadh that the kingdom will develop more technologies at home to limit the risk to the planet.

Saudi startups have secured 58 percent of the total $375 million in funding in the MENA region in February.

Nawy, a Cairo-based property dealer, obtained a seed funding round of $5 million, led by the Sawiris family office.

A funding crisis battering China's big property developers could start to shake the wider economy and global markets, the IMF warned on Friday, saying deeper reforms were needed to fully curb the threat. It warned there were "concerns of negative spillovers to the broader economy and global markets".

Sukuk issuance volumes will not grow significantly in 2022 as global interest rates rise and funding needs for Gulf economies fall, according to a report from S&P Global Ratings.

COVAX's initial goal was to deliver 2 billion doses by the end of 2021, but its lack of cash when vaccine deals were made delayed its delivery.

UNRWA Commissioner-General Philippe Lazzarini has acknowledged that stagnating donor funding for close to a decade remained below the amount needed to provide quality services. At the same time, as the refugee population continued to grow, poverty and vulnerabilities skyrocketed.

The emergency funding was set up to help nations that have been severely impacted by the Covid-19 pandemic.

The red palm weevil is said to be a highly destructive pest that blights palm trees.