Friday 29 May 2015
 
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IFC

Saudi IFC to fund Mena tech companies

Saudi-based IFC, a member of the World Bank Group, is investing $10 million in a venture capital fund that supports promising technology companies, part of an effort to drive job creation across the Middle East and North Africa (Mena).

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Saudi IFC to fund Mena tech companies

Saudi-based IFC, a member of the World Bank Group, is investing $10 million in a venture capital fund that supports promising technology companies, part of an effort to drive job creation across the Middle East and North Africa (Mena).

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IFC to invest in Al Safi Danone's Iraq unit

The International Finance Corporation (IFC) said it would inject $18 million in the Iraq unit of Saudi dairy company Al Safi Danone, a rare foreign investment in the country's non-oil sector. The funds will help expand operati

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IFC to invest in Al Safi Danone's Iraq unit

The International Finance Corporation (IFC) said it would inject $18 million in the Iraq unit of Saudi dairy company Al Safi Danone, a rare foreign investment in the country's non-oil sector. The funds will help expand operati

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IFC to invest $2bn in Egyptian infrastructure, power

The World Bank's development arm plans to invest between $1.2 billion and $2 billion in Egypt over the next four years, including around the Suez Canal, its regional director told Reuters. The International Finance Corporation

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IFC completes AUB’s $100m debt conversion

The International Finance Corporation (IFC) has completed the conversion of $100 million subordinated debt advanced to Bahrain-based Ahli United Bank (AUB) into ordinary shares in the bank. The debt has been converted into more th

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Ahli United to convert IFC debt into shares

Ahli United Bank, Bahrain's largest lender, received a request from the International Finance Corporation (IFC) to convert subordinated debt to shares in the bank, it said in a statement on Sunday. The bank did not disclose ho

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Three Gulf firms back She Works jobs initiative for women

Three Gulf-based companies are backing a private sector partnership that will improve job opportunities for more than 300,000 women worldwide over the next two years. The She Works partnership, launched by International Finance Co

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IFC in $150m loan deal with Bank Audi

IFC, a member of the World Bank Group, has signed an agreement to provide subordinated loans of $150 million for 10 years to leading Lebanese bank Bank Audi. The deal was signed in co-ordiantion with the IFC Capitalization Fund, m

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Masdar, World Bank team up on clean tech

Masdar, Abu Dhabi’s renewable energy company, and the International Finance Corporation (IFC), the private sector arm of the World Bank, plan to collaborate on the advancement of clean energy projects. The Memorandum of Unde

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