- Bridges Israel, a sister fund to Bridges Fund Management, has invested an undisclosed amount in Venn
- The $40 million joint venture will build a large indoor farm in Dubai to supply more than 100 other airlines operating out of Dubai airport and Dubai’s airport lounges.
- 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