Saudi Arabia’s Jeel, a leading edutainment platform, has secured a significant seven-figure USD investment. This funding fuels their mission to empower learners across the Arab world by offering engaging and informative Arabic content for children, adolescents, parents, and educators. Jeel plans to leverage this boost to expand its reach by adding new languages and entering new markets within the region.
The Islamic finance sector in the Middle East and North Africa (MENA) is experiencing a surge in activity. Fueled by a growing appetite for ethical investments, Sukuk issuance skyrocketed by 48% in the first half of 2024, reaching a staggering $6.2 billion. This significant rise is driven by a focus on green and social projects, reflecting a broader global shift towards sustainable finance.
In Saudi Arabia, the dream of renting an apartment often collides with the harsh reality of upfront yearly payments. This hefty sum can be a major obstacle for young professionals, expats, and anyone new to the rental market. But a revolutionary proptech startup called Ejari is changing the game. Founded in 2022, Ejari offers a unique “rent now, pay later” solution that makes renting more accessible and manageable. Let’s explore how Ejari is transforming the rental landscape in Saudi Arabia and empowering renters to ditch the upfront burden.
Egypt’s leading fintech innovator, Connect Money, has secured a staggering $8 million in seed funding. This investment fuels their mission to revolutionize embedded finance across North Africa. By offering a comprehensive white-label card issuing platform, Connect Money empowers businesses to ditch the hassle of fintech infrastructure and regulatory licensing. Their solution simplifies the payments experience, allowing businesses to seamlessly offer debit and credit cards to their customers. This not only enhances operational efficiency but also unlocks new revenue streams. With its eye on the future, Connect Money is poised to become a major player in North Africa’s burgeoning fintech landscape.
The United Arab Emirates (UAE) has emerged as a global investment champion. According to the latest UNCTAD World Investment Report, the UAE rocketed to second place worldwide in attracting new foreign direct investment (FDI) projects in 2023. This surge is fueled by the UAE’s commitment to economic diversification, fostering a business-friendly environment, and boasting a strategic global location. For investors seeking a dynamic and prosperous market, the UAE beckons with exciting opportunities.
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