Latest in Day: July 18, 2017 Highlight

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Latest in Day: July 18, 2017

IFC invests $26.2m in funding startups across region

The International Finance Corporation (IFC), which recently took part in the $2.5m fund that was raised by Palestine’s Ibtikar, is heavily investing in a number of startups across the MENA region. Part of the World Bank Group, IFC has reached a total sum of $26.2bn of investments in Arab-based startups. In addition to its investment …

Daily News Egypt

GCC states top Arab countries in 2016 FDI inflows

Gulf Cooperation Council states led the Arab world in terms of foreign direct investment (FDI) inflows during 2016, as stated by a report issued by Dhaman, the Kuwait-based Arab Investment and Export Credit Guarantee Corporation. The UAE topped the list with around $9bn, followed by Egypt and Saudi Arabia in second and third places respectively. …

Daily News Egypt

New $1bn initiative by World Bank to enable women’s entrepreneurship

The World Bank Group is launching a new facility to raise over $1 billion to fund women’s entrepreneurship and provide aspiring businesswomen in developing countries with more access to finance markets. The announcement comes as part of the activities of the G20 leaders’ summit that is currently taking place in the German city of Hamburg, …

Daily News Egypt