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  • Rise taps SAR 187.5m Murabaha financing for monthly rent

    Rise secured SAR 187.5 million in asset-backed Murabaha financing from Jadwa Investment to fund its rent-now-pay-later book. Equity is meant to stay on product and expansion. Drawdown and terms were not disclosed.

  • Remi Stellar grant funds confidential blockchain settlement

    Egyptian-founded, UAE-based fintech Remi has won a 135,000 dollar grant from the Stellar Community Fund to build confidential blockchain settlement for banks, tackling the tension between public-ledger transparency and financial privacy.

  • Cultural Development Fund AI incentives offer 500,000 riyals

    Saudi Arabia's Cultural Development Fund has launched AI incentives offering non-repayable grants of up to 500,000 riyals per project to help small cultural enterprises adopt or develop artificial intelligence, supporting up to 20 projects.

  • Social Development Bank investment portfolio aids entrepreneurs

    The Social Development Bank has launched a 10 million riyal social investment portfolio to back entrepreneurs and emerging businesses. The sum is modest, but its model of pairing capital with hands-on support and corporate partnership is proven.

  • Edita could receive $25m IFC loan to expand Iraq operations

    Edita Food Industries could be about to lean on development finance to push deeper into Iraq, with the International Finance Corporation weighing a loan of up to 25 million dollars to fund the Egyptian snack maker's next phase of regional growth, more than doubling Iraqi capacity.

  • Amazon raises $25 billion as AI debt issuance keeps climbing

    Amazon has gone back to the bond market for at least 25 billion dollars, the latest sign of just how much borrowed money is now flowing into the artificial intelligence buildout. The eight-part offering will help fund the data centres and chips its AWS cloud arm is racing to install.

  • SAMA marks SAR 11 billion milestone for debt crowdfunding

    Saudi Arabia's financing landscape is being quietly rewired, and one of the clearest signals comes from a corner of fintech that usually flies under the radar. Debt crowdfunding platforms in the kingdom have now provided a cumulative SAR 11 billion, or about $2.93 billion, in financing since the activity was first introduced in 2016, according to SAMA.

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