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Japan to restart funding to UN Palestinian refugee agency
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...
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Natixis of France to fund ACWA Power projects with $2bn
Natixis Corporate and Investment Banking of France has signed an agreement to finance ACWA Power projects over the next two years - with a funding of up to $2 billion. -
ATRC awards $10 million in research funding to 53 R&D projects
Abu Dhabi’s Advanced Technology Research Council (ATRC) on Tuesday announced that it has awarded AED40 million ($10 million) in research funding to 53 successful R & D projects across eight key sectors in 2021. ARTC is the overarching entity mandated to shape Abu Dhabi’s R & D strategy and its... -
DONIA: UAE Central Bank’s new transactions index to start from 7 Dec
The Central Bank of the UAE (CBUAE) will publish a new index for actual overnight funding transactions denominated in UAE Dirham from 7 Dec. 2021, as part of the new Dirham Monetary Framework implementation plan. Named DONIA (Dirham Overnight Index Average), the index is the effective overnight reference rate for... -
Israel approves $10bn to improve conditions in Arab sector
The expenditure is expected to improve socio-economic conditions for Israel’s Arab minority, which has long complained of marginalization. -
OTO gets $3m from MEVP and Derayah
It is the 'largest seed' raised by a MENA SaaS firm. -
BitOasis, UAE-based crypto trading platform, raises $30m to fund MENA expansion
BitOasis, the UAE-based crypto trading platform, has obtained $30 million in funding, and intends to use the capital to expand its footprint across the MENA region. -
Saudi startup Unifonic raises $125m
The startup's latest funding is led by SoftBank and a unit of the PIF. -
Stella Stays eyes $12bn Bahrain push
This is part of its expansion plans in the Middle East region. -
Iran to build 6 million homes for underprivileged
The decision came from the country’s Constitutional Council, which is tasked with finalizing parliament legislation. -
Fintech creams off most in $2.1bn funding
The fintech sector has attracted nearly 30 percent of all the funding raised during the year, with one in four deals made in the most sought after sector. -
Israel gives hospitals $31 million to end partial strike
Finance Minister Avigdor Liberman said the Treasury had transferred the amount to the public hospitals. -
Indian vehicle ecommerce firm Cars24 enters UAE market
Indian-origin ecommerce platforms for pre-owned vehicles, Cars24, has entered the UAE market after its foray into Australia -
Saudi Arabia to support small Egyptian businesses with $17.25m
The funding to Egyptian businesses is expected to boost job creation The funding will also go towards purchasing factory machinery and medical equipment Small and medium-size enterprises in Egypt will receive a big boost from Saudi Arabia in more than $17.25 million funding, allowing them to stay afloat. This was... -
Jordan’s online learning platform Edunation raises $3 million
The funding round was led by US investor Rubix The latest capital infusion will help the firm improve its operations Online learning may not be an ideal tool to impart education, but it sure is finding investors to fund the space. Jordanian online learning management platform Edunation has raised $3... -
STV takes part in 30 percent of all Saudi start-up funding rounds
The company also took part in 20 percent startup funding in the Middle East