RIYADH, Saudi Arabia (MNTV) — Saudi Arabia’s venture capital (VC) funding surged to SAR 3.2 billion ($860 million) in the first half of 2025, a 116% increase compared to the same period last year, according to a new report by MAGNiTT commissioned by Saudi Venture Capital Company (SVC). The number of VC transactions also rose […]
DUBAI, UAE (MNTV) — The United Arab Emirates attracted $1.53 billion in Islamic investment deals between 2023 and 2024, positioning the country as a leading global destination for Shariah-compliant financial activity. According to a new report by DinarStandard, released as part of the 11th edition of the State of the Global Islamic Economy (SG...
MANAMA, Bahrain (MNTV) — The Central Bank of Bahrain (CBB) has introduced a formal regulatory framework for the issuance and operation of stablecoins, becoming one of the first jurisdictions in the Middle East to do so. The Stablecoin Issuance and Offering (SIO) Module, effective July 2025, is now integrated into Rulebook Volume 6, which gove...
CAIRO, Egypt (MNTV) — Al Baraka Bank Egypt has signed two strategic agreements valued at a total of $100 million with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), aimed at expanding its Islamic trade finance offerings and supporting the growth of Egyptian exporters. According to a press release, the deals ...
KUWAIT CITY, Kuwait (MNTV) — Kuwait is weighing the establishment of a government-funded investment company with authorized capital of 50 billion Kuwaiti dinars (approximately $165 billion) to finance large-scale infrastructure, energy, and industrial projects. The proposal, submitted by Finance Minister Noura Al-Fassam to the Kuwaiti cabinet,...
KABUL, Afghanistan (MNTV) — After years in Pakistan, Obaidullah returned home to Kandahar with little more than savings and determination. Today, he runs a small soap factory with his family—an act of quiet resilience in a country where opportunities remain scarce. Working out of a rented house in Kandahar’s District 2, Obaidullah produces up ...
ASTANA, Kazakhstan (MNTV) — Kazakhstan and Italy are advancing a new phase of bilateral cooperation focused on sustainable agriculture and academic exchange, with two major initiatives announced this month in the fields of industrial hemp cultivation and higher education. The Italian agricultural organization Unione Coltivatori Italiani (UCI),...
TASHKENT, Uzbekistan (MNTV) — Uzbekistan has announced a sweeping set of incentives for entrepreneurs importing sheep and goats from Mongolia, as part of a broader agricultural deal aimed at boosting food security and domestic livestock production. The new measures, outlined in a presidential decree signed on July 18, include concessional loa...
KABUL, Afghanistan (MNTV) — In a bid to enhance transparency in trade and boost investor confidence, the Taliban-led Afghan government has inaugurated a new revenue collection center in Kabul, aimed at regulating the issuance of Certificates of Origin and invoice registration for import-export businesses. The new facility, launched by the Mini...
TEHRAN, Iran (MNTV) — Iran’s non-oil trade with its 15 neighboring countries reached $13.42 billion in the spring quarter of the current Iranian year, according to new figures released by the Islamic Republic of Iran Customs Administration (IRICA). The data, covering the period from March 20 to June 21, show around 23 million tons of [&...
