The initiative allows micro, small, and medium enterprises to receive financing through Fawry’s nationwide branch network.
The company, a spinoff from BIM Ventures, focuses on Shariah-compliant digital microfinance products for individual borrowers.
The fund, launched with Al Naeem Holding, will invest in USD-denominated savings instruments and allow weekly redemptions.
The rules aim to reduce setup and management costs while giving fund managers greater flexibility in structuring investment vehicles.
The planned venture capital and industrial funds aim to address startup funding gaps and support manufacturing growth in Egypt.
Egypt ranks 18th with a PPP-adjusted GDP of $2.53 trillion, while Saudi Arabia stands 16th at about $2.845 trillion, according to IMF estimates.
The Egyptian-Saudi advisory firm plans to invest $14.3 million across startups and technology sectors over four years.
The Bahrain-based asset manager raised $1.25 billion to acquire minority stakes in private capital firms.
The initiative launches in Al Hamraniyah to support farmers and strengthen agricultural supply chains.
The acquisition gives Saudi Logistics Services Company a presence at one of Europe’s major cargo hubs.
The project involves building a private AI-focused data centre for HUMAIN, owned by Saudi Arabia’s Public Investment Fund.
The investment adds wearable health technology to 2PointZero Group’s global portfolio.
The funding will support TruDoc’s expansion across the UAE and Saudi Arabia.
From halal robo-advisors to blockchain-powered Islamic super apps, a new wave of Sharia-compliant fintechs is scaling fast across the Middle East and they're just getting started.
As the first company approved under Egypt's Startup Charter, Flend leverages a tech-driven platform to unlock financing for SMEs.
The investment will support efforts to localise power semiconductor design and build a domestic chip ecosystem in Saudi Arabia.
