- Three three-year loan... The money is going to Vitas Palestine, a 24-year-old microfinance institution that offers loans for small businesses and housing improvements for low-income Palestinians in the West Bank and Gaza.
- Housing related... Sixty percent of Vitas Palestine’s lending activity addresses “major repairs after violent conflict” as well as more typical projects like general repairs or home expansion.
- Focus on women… The microfinance institution lends with a focus on agriculture and women’s groups.
- Three-quarters of people in Jordan… are unbanked, says FINCA Jordan CEO Makhmud Saidakhmatov.
- Big bucks… The initiative will cost $200 billion including the panels, battery storage, and a solar panel manufacturing facility.
- Japan’s SoftBank... is backing the first, $5 billion, 7.2-gigawatt phase of the project.
- Green jobs… Job creation also plays a role in Saudi Arabia’s solar, and broader Vision 2030, plans.
Endeavor connects high-growth companies with the potential to employ thousands of people to a global network of mentors, resources and customers. At its Dubai event, the network selected entrepreneurs from more than a dozen firms in Argentina, Ecuador, Indonesia, Jordan, Spain, South Africa, Tunisia and the United Arab Emirates to join its network. AWOK, in Dubai,
The MetLife Foundation is backing Village Capital’s latest financial tech program in Dubai later this month. Eleven startups have been selected from across the Middle East. Jordan-based Solfeh provides Islamic finance-compliant cash advances to low-income workers. Lendflo is a blockchain-based peer-to-peer lending platform (see full list of the 11 selected companies below, courtesy of Village Capital) The
Businesses focusing on resilient cities, sustainable agriculture and new energy could propel more than $637 billion in new business activity and 12.4 million jobs in the region by 2030. A new report from the Business & Sustainable Development Commission, the same group that identified $12 trillion in economic potential related to the U.N.’s Sustainable Development Goals,
With its water-scarce, desert climate, the United Arab Emirates imports 80% of its food. Greenhouse produce producer Pure Harvest is looking to launch its first growing facility for locally-grown produce early next year. A U.A.E. government innovation fund backed Pure Harvest’s seed round, along with several angel investors and technology partners, AgFunder News reports. David Scott, a