Funds
News and insights into the region's funds industry, mutual funds, ETFs and other investment vehicles
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Germany, France shore up political, financial aid to beleaguered WHO
U.S. President Donald Trump said last month that the United States was cutting ties with the "China-centric" WHO
Reuters News
Dubai gets $2.72bln FDI in the first five months of 2020
The emirate received 135 foreign investment projects during the January-May period
Khaleej Times
Amazon to launch $2bln venture capital fund to invest in clean energy - WSJ
The new fund will be called "The Climate Pledge Fund"
Reuters News
STV leads funding for Saudi educational tech firm
Noon Academy raises $13mln in a funding round
Reuters News
Abu Dhabi tech start-up Rizek raises $3.5mln in seed funding
Rizek aims to increase job opportunities for gig workers, allowing them to earn service-based income through the portal
ZAWYA
Manpower Ministry disburses $10.5mln emergency aid to Egypt's tourism workers
3,800 facilities have so far applied for the subsidy that will be given to workers affected by the pandemic
Daily News Egypt
Bahrain-based Investcorp closes Mount Row Credit Fund at $353mln
The Mount Row Credit Fund will focus on sectors and businesses that are less likely to be affected by Covid-19
TradeArabia
Saudi's PIF subsidiary doles out $266K to combat COVID-19
Tabadul is a subsidiary of Saudi Arabia's wealth fund, Public Investment Fund
ZAWYA
How COVID-19 affects Saudi, Malaysian Islamic Fund AUM
Fitch considers Saudi to be more vulnerable to future Islamic fund AUM declines
ZAWYA