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Forbes Middle East has unveiled its Top 40 Asset Managers for 2025, highlighting leaders who collectively managed over $439 billion in assets in 2024. Rashed Sharif of SNB Capital retains the top spot with $63.73 billion in AUM, followed by Mohammed Alardhi of Investcorp at $53 billion. Saudi Arabia dominates the list with 19 representatives, showcasing the region's growing influence in real estate, sukuk, and private equity.
The European Parliament has barred Huawei representatives from its premises following a police investigation into alleged corruption linked to the Chinese tech giant. The probe, which includes coordinated raids in Belgium and Portugal, focuses on claims of bribery and forgery involving political favors and concealed kickbacks. Huawei has stated it takes the allegations seriously and is committed to cooperating with the investigation.
A corruption probe linked to Huawei has shaken the European Parliament, with police conducting raids in Belgium and Portugal, detaining several suspects. The investigation, which follows the Qatargate scandal, involves allegations of bribery disguised as lobbying, with claims that kickbacks were concealed as conference expenses. Transparency advocates are calling for urgent reforms, highlighting the ongoing vulnerability of the EU to corruption.
The International Finance Corporation (IFC) is providing a USD 30 million loan to Kazyon Group to support its expansion in Morocco's grocery retail sector. This initiative aims to increase Kazyon's store network and warehousing, creating over 3,000 direct jobs while enhancing food accessibility and safety for low-to-middle-income consumers. Kazyon, established in 2014, operates over 150 stores in Morocco and is committed to providing affordable groceries, particularly in underserved regions.
The International Finance Corporation (IFC) is providing a USD 30 million loan to Kazyon Group to support its expansion in Morocco's grocery retail sector. This initiative aims to increase Kazyon's store network and warehousing, creating over 3,000 direct jobs while enhancing food accessibility for low-to-middle-income consumers. Kazyon, established in 2014, currently operates more than 150 stores in Morocco and is committed to making nutritious food more accessible.
ORA Technologies is spearheading the creation of an e-Morocco ecosystem, integrating fintech, e-commerce, and on-demand services into a superapp. Their Kooul food delivery service has rapidly expanded across six cities, while ORA Cash offers a mobile payment solution aimed at the unbanked, promoting financial accessibility. With backing from Witamax & Azur Innovation Fund, ORA is poised to redefine Morocco's digital landscape and drive the country towards a cashless economy.
ORA Technologies is spearheading the creation of an e-Morocco ecosystem, integrating fintech, e-commerce, and on-demand services into a superapp. Their Kooul food delivery service has rapidly expanded across six cities, while ORA Cash offers a mobile payment solution aimed at the unbanked, promoting financial accessibility. With backing from Witamax & Azur Innovation Fund, ORA Technologies is poised to redefine Morocco's digital landscape and drive the country towards a cashless economy.
France has provided Morocco with an $846 million loan to finance the purchase of 18 high-speed trains as part of the country's infrastructure investments ahead of the 2030 FIFA World Cup. The loan, part of a financial cooperation agreement signed during President Macron's visit, will enable the Office National des Chemins de Fer to acquire Alstom's Avelia Horizon trains, which will operate on the high-speed rail line from Kenitra to Marrakech. These double-decker trains, capable of carrying 640 passengers at speeds of up to 320 km/h, will be manufactured in France, with some components produced in Morocco.
France has provided Morocco with an $846 million loan to finance the purchase of 18 high-speed trains as part of the country's infrastructure investments ahead of the 2030 FIFA World Cup. The loan, part of a financial cooperation agreement signed during President Macron's visit, will enable the Office National des Chemins de Fer to enhance the rail connection between Kenitra and Marrakech. French company Alstom will supply the Avelia Horizon trains, which can carry up to 640 passengers at speeds of 320 km/h, with some components manufactured locally in Fez.
UAE-based fintech startup Klaim has secured $26 million in Series A funding, including $10 million in equity and $16 million in debt, to expedite insurance claim payments for healthcare providers. Founded in 2019, Klaim allows providers to receive payments within 24 hours, significantly enhancing cash flow. The company plans to expand operations across the MENA region, focusing on the UAE, Saudi Arabia, and Oman, while also enhancing its technology and forming new partnerships.
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middle eastern asset managers shape financial landscape with significant growth and innovation
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Albilad Capital - MSCI US Tech ETF
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Blominvest Saudi Arabia Company
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ARE
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Abdulwahhab Abed
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Husayn Shahrur
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Waleed AlRashed AlHumaid
Faisal Al Hamad
Abdulaziz Almarzooq
Naif Almesned
Rashed Sharif
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08:31 17.03.2025
eu parliament bans huawei lobbyists amid corruption investigation
17:17 14.03.2025
EU parliament faces corruption probe linked to Huawei lobbying efforts
11:23 14.03.2025
ifc supports kazyon's morocco expansion with 30 million dollar loan
United States Dollar
International Finance Corporation Corp.
MAR
EGY
Cheick Oumar Sylla
Hassan Heikal
09:35 12.03.2025
IFC supports Kazyon's expansion in Morocco with 30 million dollar loan
United States Dollar
International Finance Corporation Corp.
EGY
MAR
Hassan Heikal
Cheick Oumar Sylla
09:35 12.03.2025
moroccan startup ora technologies secures funding to expand digital services ecosystem
Moroccan Dirham
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OraSure Technologies, Inc.
Banque Centrale Populaire
BHR
MAR
SAU
Omar Alami
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18:12 11.03.2025
moroccan startup ora technologies secures funding to expand digital services ecosystem
18:12 11.03.2025
france provides 846 million loan to morocco for high-speed trains
13:07 11.03.2025
france provides 846 million loan to morocco for high-speed trains
13:07 11.03.2025
klaim secures 26 million to enhance healthcare insurance claim payments in mena
09:01 11.03.2025
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