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  • World Bank most concerned in MENA about Lebanon and Tunisia

    The World Bank is particularly concerned in the Middle East and North Africa region about Lebanon and Tunisia and, to a lesser extent, Egypt and Jordan, the bank's vice president for MENA said on Tuesday. "We have a number of tensions in those countries," including debt levels and high inflation, Ferid Belhaj told Reuters on the sidelines of the World Government Summit in Dubai.

  • MENA gaming industry to hit $5 billion mark in two years

    The gaming industry in the MENA region is predicted to grow three-fold in just two years to hit the $5 billion mark by 2025, from an estimated $1.8 billion currently. The surge is drawing more intentional players – both publishers and development companies – into the region, besides prompting businesses across several sectors to adopt gamification to acquire and retain customers, an industry expert said. Significantly, women are playing an increasingly significant role in the gaming industry in the region, with their numbers seen rising faster than men.

  • The Strategic Importance of the Middle East and North Africa: The Strengths and Limits of MENA Oil and Gas Wealth and the Challenge of Climate Change

    The analysis begins with an overview of the key factors shaping the region’s changing strategic importance. It then focuses on the oil and gas exports, which are the key factor shaping the region’s strategic importance, its role as a group of major trading partners, its role as a key line of global communication between regions, and its role in global migration.

  • Mena list of World’s 50 Best should have more Middle Eastern cuisine, celebrity chef says

    Ghzawi, who won Top Chef Middle East in 2019 and is a contestant in the upcoming All Stars version of the show, is referring to the debut of the Mena list by the World’s 50 Best group. Topping it was 3 Fils, which offers Asia Pacific-inspired food, followed by Japanese restaurant Zuma, both in Dubai. He said the list, which included an array of cuisines, from Latin American to Indian, should be “90 per cent Middle Eastern”.

  • 2022 MENA Venture Debt Investment Report

    In a look at the numbers, venture debt deals almost doubled between 2021 and 2022, despite 2022 falling $6M short of the total funding in 2021. Venture debt aggregated $260M across 18 deals in 2022, a year that saw the first MEGA deal for venture debt in the MENA region. The deal was closed by UAE-based FinTech startup tabby and contributed 39% to the total venture debt funding reported in 2022.

  • Investment Bank Lazard Boosts Riyadh Hub for MENA With New CEO Hire

    Lazard Ltd. hired Wassim Al-Khatib as chief executive officer for the firm’s advisory business in the Middle East and North Africa, and the boutique investment bank plans to make Riyadh its regional banking hub. Al-Khatib, the former head of Citigroup Inc. in Saudi Arabia, will also be CEO of Lazard Saudi Arabia, according to a statement, confirming a Bloomberg News report. Prior to that Al-Khatib was the head of investment banking at NCB Capital, where he was one of the key bankers involved in Saudi Aramco’s mammoth initial public offering.

  • Quadrupling Down on Tabby: Democratizing Fintech BNPL Across MENA

    Backers of tabby since their Series A round in 2020, we have always been confident in the company’s ability to drive adoption of flexible payments for consumers across the MENA region. Hosam and the Tabby team have proven us right by enabling more than 3 million active customers mainly in Saudi Arabia and the UAE to pay in installments from over 10,000 merchants including global and regional brands such as SHEIN, H&M, Adidas, IKEA, Noon, and VogaCloset.

  • Saudi government raises $5bn in 2022 to become the MENA’s biggest debt issuer

    Saudi Arabia’s government was the Middle East and North Africa’s biggest debt issuer in 2022 as it raised $5 billion, according to a report released by global provider of financial market data and infrastructure Refinitiv. The Kingdom’s administration was also in the lead when it came to the issuance of Islamic bonds, securing $2.5 billion. The UAE government came second in the ranking with $3 billion, the report disclosed.

  • Saudi government raises $5bn in 2022 to become the MENA’s biggest debt issuer

    Saudi Arabia’s government was the Middle East and North Africa’s biggest debt issuer in 2022 as it raised $5 billion, according to a report released by global provider of financial market data and infrastructure Refinitiv. The Kingdom’s administration was also in the lead when it came to the issuance of Islamic bonds, securing $2.5 billion. The UAE government came second in the ranking with $3 billion, the report disclosed.

  • Saudi Sports Company picks up MENA rights for Portuguese League Cup

    Saudi Sports Company (SSC) has agreed a deal for the exclusive broadcast rights to the Portuguese League Cup across the Middle East and North Africa (MENA). The deal for the domestic club soccer tournament, which is known as the Allianz Cup for sponsorship reasons, covers the 2022/23 season and was arranged by For Media Sports Management, which acts as Liga Portugal’s exclusive media advisor.