Friday 22 September 2017
 
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Funding

Egypt solar project wins $210m AIIB funding

The Asian Infrastructure Investment Bank (AIIB) has announced that it will provide up to $210 million in debt financing towards a renewable energy project in Egypt, which includes the building of 11 greenfield solar power plants with an aggregat

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Narrativa AI start-up gets funding

Narrativa, the technology company that uses artificial intelligence (AI) to translate data into easy-to-understand content, has announced the closing of its pre-Series A round, making it one of the first AI start-ups to receive funding in the UA

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Iflix secures new $133m funding led by Hearst

Iflix, a leading subscription video on demand (SVoD) service for emerging markets, has completed a $133-million funding round as it continues to deliver on its vision of bringing the world’s best entertainment to its audiences, the company

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Dubai Airports seeks $1bn funding for airport expansion

Dubai Airports is looking to raise $1 billion in funds for the expansion of its second airport, a report said. The government-owned airport operator is talking to banks about the export-credit agency-backed fundraising, which is l

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US-Qatar MoU on terror funding not enough: Arab quartet

The four Arab nations that have imposed sanctions on Qatar have issued a joint statement saying that a memorandum of understanding on combating the financing of terrorism between the US and the Qatari authorities was not enough and they will clo

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US-Qatar MoU on terror funding not enough: Arab quartet

The four Arab nations that have imposed sanctions on Qatar have issued a joint statement saying that a memorandum of understanding on combating the financing of terrorism between the US and the Qatari authorities was not enough and they will clo

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UK firms get $600m funding for Dubai projects

The UK Export Finance (UKEF) is providing more than $600 million in support for UK construction firms to deliver three major infrastructure projects in Dubai, UAE, said a senior official. Britain’s export credit agency, UKEF

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ADFD provides $191m funding for Bangladesh projects

The Abu Dhabi Fund for Development (ADFD) has allocated funds worth Dh700 million ($191 million) for key infrastructure development projects in Bangladesh, according to a report. The ADFD has provided the Bangladeshi government wi

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Tamkeen, BDB increase funding support to entrepreneurs

Bahrain’s labor fund Tamkeen and the Bahrain Development Bank (BDB) have increased the funding of their Tamweel programme to support entrepreneurs by BD21 million ($55.71 million) to more than BD240 million ($636.67 million).

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Hotel wi-fi specialist secures $2.1m to fund growth overseas

Airangel, a market-leading guest wi-fi solutions provider for hotels, has secured a £1.7 million ($2.1 million) funding package from Santander Corporate & Commercial to support its further growth. Dow Schofield Watts Tra

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