Silicon Valley VCs Tour Middle East In Hunt For Funding
Top technology VCs such as Andreessen Horowitz, Tiger Global and IVP have jetted teams of executives to Saudi Arabia, the United Arab Emirates and Qatar in recent weeks.
UAE Aims To Convert Oil Wealth Into Tech Prowess
The Middle East has long been thought of as an oil region, but the United Arab Emirates aims to change this with an intense focus on growing the country’s technology and startup scene. For the first half of 2022, the Middle East region brought in $1.73 billion in investments across 354 deals — a 64% year-over-year growth.
Israeli Tech's 'Thirst' For UAE Cash Must Overcome Old Enmity
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 Plans To Expand In Saudi
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.
10 Most Important Reads Of The Week - May 05, 2017
It has been an eventful week, and it's easy to fall behind. Here are the 10 most important reads of the week.
Dubai Tycoon Said To Weigh Buying Into Venture Capital Firms
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.
Emiratis, Malaysians Reach $1.2B Deal Over Troubled Fund
Emirati and Malaysian officials said Monday they reached a deal to resolve a legal dispute over the indebted and troubled Malaysian investment fund 1MDB, with the United Arab Emirates set to receive $1.2 billion over this year.
Gulf Capital Invests AED 500M In Technology And Ecommerce Companies
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.
When Oil No Longer Delivers Growth, Venture Capital Can Take Over
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.
Despite PM Narendra Modi’s Push, Mega UAE-India Infrastructure Fund Plan At Risk
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.