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2025-06-042025-06-042025-06-052025-06-052025-06-062025-06-062025-06-092025-06-091111133221100
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global islamic finance assets reach 3.9 trillion with strong growth in 2024

The global Islamic finance industry grew by 14.9% in 2024, reaching US$3.88 trillion in total assets, with significant contributions from Islamic banking, sukuk, and takaful. The sector is expanding into non-traditional markets, driven by fintech innovations and a positive outlook for growth, particularly in emerging economies. Projections indicate the Islamic fintech sector will exceed US$300 billion by 2027, with strong growth anticipated in sukuk and Islamic banking.
Fintechnews Middle East
TZA QAT SAU IRQ BHR IDN GHA ARE KEN UGA DZA ZAF ZMB ETH MYS LBN ZWE EGY PSE MAR CHN IND SYR JOR OMN BGD TUN KWT NGA PAK Show more
Finance & Economy, Market Report
05:00 09.06.2025

thunder code secures 9 million seed funding for ai testing platform

Thunder Code, an AI-native software testing platform founded by Karim Jouini and Jihed Othmani, has secured $9 million in seed funding to enhance its product and expand internationally. The funding, led by Silicon Badia, will support innovations like AI-powered test plan generation and advanced CI/CD orchestration. The platform aims to redefine quality assurance by enabling users to create automated tests using natural language, significantly reducing testing time and increasing coverage.
Lucidity Insights
Medius Holdings Co., Ltd. TUN FRA Quentin De Metz Roxanne Varza Guillaume Amblard Jihed Othmani Karim Jouini Sebastien Leang Show more
Technology & Innovation, News Article
03:12 09.06.2025

Newborn Town establishes global headquarters in Hong Kong to drive expansion

Newborn Town Inc. has launched its global headquarters at Hong Kong Science Park, marking a significant step in its expansion strategy. The company, which has seen remarkable growth in the MENA region, attributes its success to targeted market focus and innovative AI solutions that have driven substantial revenue increases. Despite strong financial performance, Newborn Town's market valuation remains low, suggesting a disconnect between its achievements and investor perceptions.
Tech in Asia
QAT SAU YEM IRQ BHR HKG ARE DZA MYS LBN EGY PSE MAR SYR JOR OMN TUN KWT Chunhe Liu Show more
Business & Industry, Press Release
04:00 06.06.2025

kumulus water secures 3.5 million seed funding to expand water generation technology

Kumulus Water, a Tunisia-based startup founded by Mohamed Ali Abid and Iheb Triki, has secured $3.5 million in seed funding to enhance its atmospheric water generation technology. The investment will facilitate the launch of the Kumulus Boks line, aimed at providing off-grid water solutions for industrial and community use in markets like France, Spain, and Saudi Arabia. The company’s self-contained Atmospheric Water Generators (AWGs) have already been deployed in various locations, addressing global water scarcity challenges.
Lucidity Insights
Bpifrance SA ESP TUN FRA SAU Mohamed Ali Abid Iheb Triki Show more
Technology & Innovation, Press Release
04:12 05.06.2025

Kumulus Water secures funding to expand sustainable water technology in Saudi Arabia

Kumulus Water, a Paris-based climate tech startup, has secured USD 3.5 million in seed funding to enhance its sustainable water generation technology. The company’s atmospheric water generators (AWGs) convert air into clean drinking water, targeting regions with water scarcity and limited infrastructure. The funding will support the development of Kumulus Boks and facilitate expansion into Saudi Arabia, Europe, and North Africa.
WAYA
United States Dollar Euro Bpifrance SA ESP TUN FRA SAU Show more
Environment & Sustainability, Press Release
09:44 04.06.2025

performance trends in global stocks and banking sector analysis

German second-line stocks lead with a 20.62% increase, followed by commodity stocks at 10.11% and automotive sectors at 6.96%. In banking, Goldman Sachs and UBS show strong performance, with year-to-date gains of 79.8% for Societe Generale, while Sberbank faces a significant decline of 67.53%. The average performance of BSN-Group Banks stands at 23.19%.
boerse-social.com
DEUTSCHE BANK AG The Goldman Sachs Group, Inc. COMMERZBANK AG Aareal Bank AG American Express Bank, FSB. BANK DenizBank AG ZMB SGP BEL CHE CAN ZAF PRI HUN PAK KNA TZA SWE ITA KOR NLD POL VGB TTO DEU SAU GRD FIN RUS REU MYS ESP ZWE MAR CHN NGA UGA USA BRB AUT HKG MUS COM ISR PRT BHS DNK NAM PHL VNM TWN IRL GBR ARG NZL ATG NOR EGY IND BWA MEX LCA CYM CZE MDG TUN DMA TUR AUS FRA ETH DZA JPN IDN LBY SYC BRA KEN VCT THA Show more
Finance & Economy, Market Report
13:22 17.05.2025

cisco systems insider trading and institutional investment activity reported

Cisco Systems' executive vice president now owns 191,184 shares valued at approximately $11.6 million after a recent sale, which decreased their position by 1.07%. Over the past 90 days, insiders sold 14,635 shares, while institutional investors hold 73.33% of the stock. Analysts have raised Cisco's price target to $73.00, suggesting a potential upside of 14.74%. The company reported earnings of $0.96 per share, exceeding estimates, and announced a $15 billion share repurchase plan, indicating management's belief in the stock's undervaluation.
Defense World
Cisco Systems Inc. 401(k) Plan TLS GEO SGP BEL URY LSO AND TGO GMB SUR HUN TJK KNA MHL TZA SWE GNQ SVK CYP BHR CUB POL VUT HTI SAU EST CPV SYR GRD BLM SRB AZE GHA REU UZB KIR ESP JOR AIA PER SWZ PSE WLF LUX USA WSM BRB BRN ISR PRT STP MAC HRV PLW KGZ PHL DOM ROU TWN PRY BDI IRN MNP NOR EGY GRC PNG MYT MKD BEN TUN DMA LTU ETH DZA JPN IDN ARM VCT KAZ THA FSM MNG ZMB TUV CHE CHL ZAF PRI ISL CMR ITA KOR AGO NCL COL NLD VGB NIU TTO DEU JAM GUY MSR FIN MNE RUS LVA SVN QAT MYS ZWE MAR TON CHN ALB NGA UGA SLE IRQ AUT HKG COM MUS BHS YEM DNK ECU KWT NAM SLB SMR VAT VNM IRL NER GBR BIH OMN ARG ATG IND LBN BWA MEX LCA CZE MDG BLR AUS FRA SHN RWA MCO UKR LBY COK BRA KEN SYC COG BGR Deborah L. Stahlkopf Show more
Technology & Innovation, Market Report
09:28 17.05.2025

analysts recommend five stocks over american express amid mixed ratings

American Express reported $3.64 earnings per share, exceeding estimates, but its revenue of $16.97 billion fell short of expectations. Analysts maintain a "Hold" rating, with one sell, sixteen holds, and eight buy ratings, while the average target price is $295.05. The company recently increased its quarterly dividend to $0.82 per share, reflecting a positive outlook despite mixed analyst sentiments.
MarketBeat
American Express Company TLS SGP TUV BEL CHE AND CAN ZAF PRI ARE HUN ISL MHL TZA SWE ITA KOR SVK NCL CYP NLD BHR POL VGB VUT NIU SAU DEU EST SRB FIN GHA LVA SVN QAT KIR MYS FJI GUM ESP MAR TON NGA ALB CHN WLF UGA LUX USA WSM IRQ AUT HKG PRT DNK HRV PLW KWT SLB SMR PHL VAT ROU TWN VNM IRL GBR BIH OMN NZL PYF IRN MNP NOR EGY GRC PNG MLT MEX MKD CZE TUN LTU AUS ETH FRA MCO DZA JPN IDN NRU LBY COK KEN THA FSM BGR ASM Howard Grosfield Michael J. Angelakis Show more
Finance & Economy, Market Report
14:03 11.05.2025

true gamers secures funding to expand global gaming café network

Egypt-based medtech startup iSUPPLY has secured $3 million in Sharia-compliant revenue-based financing from Bokra to enhance access to medical supplies, particularly in underserved communities. This investment combines ethical finance with scalable medtech infrastructure, allowing iSUPPLY to grow without diluting ownership. Founded in 2022, iSUPPLY leverages AI-driven procurement tools to streamline the fragmented pharmaceutical supply chain in Egypt.
ArabFounders
MAR TUN ARE EGY Hadi Anwar Amin Ben Abderrahman Ayman Elsawy Rami El Malak Show more
Finance & Economy, News Article
02:55 08.05.2025

visa invests in tunisias konnect and moroccos paytic after accelerator program

Visa has made strategic investments in Tunisia's Konnect and Morocco's PayTic after their participation in the Africa Fintech Accelerator programme. This initiative, part of Visa's commitment to invest $1 billion in financial inclusion in Africa by 2027, has supported 64 startups across three cohorts. Leila Serhan, Visa's senior vice president for the NALP region, highlighted the innovative contributions of these fintechs to revolutionizing commerce and finance.
Disrupt Africa
Konnect USD Visa Inc. TUN MAR Leila Serhan
Business & Industry, Press Release
08:00 22.04.2025
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