Browsing: Business
Saudi Arabia has been invited to invest in the Djibouti International Free Trade Zone, which is strategically located along coastal trade routes valued at USD 2 trillion USD.
The UAE, Egypt and Jordan have signed the Industrial Partnership for Sustainable Economic Growth to bolster cooperation across the food and agriculture, fertilizer, pharmaceutical, textile, mineral, and petrochemical industries.
Timbuktoo, the headquarters of the United Nations Development Programme’s (UNDP) new innovation financing hub will be based in Kigali, Rwanda.
Real estate service provider Jones Lang LaSalle’s (JLL) latest reports have indicated that construction in the Middle East and Africa (MEA) region continues to grow despite increasing price pressure.
Online used-car retailer Sylndr has announced the raising or USD 12.6 million in a pre-seed round led by RAED Ventures, with participation from Algebra Ventures, Global Founders Capital, 1984 Ventures and Nuwa Capital along with a series of regional angel investors.
A Saudi delegation led by Royal Court adviser Ahmed bin Abdulaziz Kattan has visited a number of East and Southwest African states in an effort to boost economic and political ties while seeking support for the Kingdom’s hosting of Expo 2030 in Riyadh.
KFC Africa and the National Basketball Association (NBA) have partnered to launch a series of promotions, campaigns and activations aimed at basketball fans in Botswana, Ghana, Ivory Coast, Kenya, Namibia, Nigeria, Senegal and Tanzania.
Ayman Al-Bayaa, CEO of Benya Group and Chairperson of Bunya Systems, said that the Saudi market offers an array of investment opportunities including data centers, smart city solutions and information security.
Startups saw record levels of VC investments, according to reports by CB Insights, a leading technology insights firm, which reported global investments of USD 621 billion last year.
Startups from across the MENA region raised USD 297 million through 29 deals in April of this year.