A thaw in relations between Israel and the United Arab Emirates has raised expectations of an influx of funding in 'Silicon Wadi', Israel's answer to Silicon Valley.
Deutsche Bank AG is expanding in Saudi Arabia and the United Arab Emirates as the lender expects sovereign bond sales and initial public offerings to drive deals this year.
Dubai-based business tycoon Mohamed al-Abbar is weighing buying into venture capital firms in the Middle East to help kick start his $1 billion technology fund, according to people familiar with the matter.
Gulf Capital becomes one of largest investors in the digital economy in GCC, injecting over half a billion dirhams in regional internet and ecommerce companies.
Venture capital is critical to the future success of not only the UAE but also the GCC. To understand this we first need to understand the historic formula for our success – oil leads to financial capital, which leads to real estate development, which creates social and business communities that attract people. Repeat.
Even as infrastructure investments by the private sector is in the doldrums and the government’s ability to invest in the sector is constrained, New Delhi runs the risk of delaying, if not partly losing, the mammoth capital support promised by the United Arab Emirates (UAE). The reason: The government’s failure to put in place a mutually acceptable institutional structure for mobilising the funds.
Introducing Trusted Insight's Venture Capital Recap, a compilation of the most important venture capital news from this week. Here are the stories you may have missed:
The Central Bank of the UAE has so far been the regulator regarding lending, but a central bank regulates to protect depositors of a bank and they are usually and understandably reticent to allow banks to lend to start-ups.
<p>The UAE government announced on Saturday the establishment of a legal system for venture capital funds. The move comes as part of the projects of the first batch of government accelerators launched earlier by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to expedite the process of achieving the National Agenda goals.</p>