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Arab African International Bank, IFC, EBRD, and BII Launch US$500 Million Sustainability Bond to Support Climate Finance and Boost Micro, Small, and Medium-Sized Enterprises
The sustainability bond is the first in Egypt - and the largest issued by a private bank in Africa - and will support green and sustainable projects in Egypt.
- Categories
- Investing
- Region
- North Africa & Near East
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Engie and Morocco’s OCP Renewables Deal Worth Billions, Says Source
The renewable energy plans are expected to materialise in 2026, while the desalination and green hydrogen projects are forecast in 2028 and 2032 respectively, the source told Reuters.
- Categories
- Energy
- Region
- North Africa & Near East
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Analysis: How Careem Went From Pakistan’s Ride-Hailing Leader to Stuck on the Sidelines
After falling from dominance, Careem is experimenting — from corporate rides to price bidding — to maintain its presence in Pakistan.
- Categories
- Technology, Transportation
- Region
- North Africa & Near East
- Tags
- gig economy, startups
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Morocco’s Automotive Industry Shifts Gears to Prep for Electric Vehicle Era
More than 250 companies that manufacture cars or their components currently operate in Morocco, where the auto industry now accounts for 22% of gross domestic product and $14 billion in exports.
- Categories
- Transportation
- Region
- North Africa & Near East
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Press Release: Mediterrania Capital Partners Completes Exit Process from TGCC as it Approaches €1 Billion Capitalisation Milestone
Mediterrania Capital Partners (MCP), a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces it has completed its exit process from TGCC, a leading construction and civil engineering company based in Morocco.
- Categories
- Investing
- Region
- North Africa & Near East
- Tags
- housing, infrastructure
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Press Release: Saudi Arabia and the Bill & Melinda Gates Foundation Announce Landmark Push to Eradicate Polio and Lift Millions out of Poverty
Saudi Arabia and the Bill & Melinda Gates Foundation today pledged to work together to help protect 370 million children annually from polio and lift millions out of poverty across 33 Islamic Development Bank (IsDB) member countries.
- Categories
- Health Care, Investing
- Region
- North Africa & Near East
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Press Release: Near East Foundation Launches Siraj Financial Services to Expand Micro and Small Enterprise Financing in Northern Syria
Near East Foundation (NEF) today announced the establishment of Siraj Financial Services (SFS), a new social enterprise operating in Northern Syria.
- Categories
- Social Enterprise
- Region
- North Africa & Near East
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Paymob and Tamara Join Forces to Revolutionise SME Payments in Gulf Cooperation Council Region
Paymob’s forte lies in its secure and versatile payments infrastructure, serving a wide range of merchants in the MENA region.
- Categories
- Finance, Technology
- Region
- North Africa & Near East
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