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The World Bank has set aside US$200 million for Egyptian SMEs hoping to create job opportunities for the kingdom’s youth. The project, called ‘Catalyzing Entrepreneurship for Job Creation’, will funnel about US$145 million to grant loans for small businesses—especially those
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Saudi Arabia’s fledgling sovereign fund is putting in a further US$45 billion into Matsumoto Son’s famed Softbank, which in turn holds known technology companies like Alibaba, Sprint, Uber, Didi Chuxing, WeWork, Nvidia, and many others. This money follows a previous
Read MoreThe Middle East has been ramping up its efforts to fund fintech initiatives lately, seemingly throughout their life cycles until they become a corporation. Jordan’s Arab Bank is prepared to give out something between $1 million to $3 million to promising
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In the Middle East and North African (MENA) region, the fintech industry is rapidly growing with the number of fintech startups in the region more than doubling between 2013 and 2015. According to experts and industry observers, the staggering 86%
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