Shorooq Partners, a Middle East investment firm, has $500M in assets under management. Their AI fund is co-led by Dr. Bilal Baloch, who spoke at MBZUAI about venture capital. He advises technical founders to partner with people who complement their skills, especially in policy and commercialization. Why it matters: This highlights the growing sophistication of the venture capital ecosystem in the Middle East for AI startups.
The MENA startup ecosystem is experiencing a surge in dealmaking and investment activity following the Eid holidays. This increased momentum suggests renewed investor interest and a dynamic period for startups across various sectors in the region. The article likely highlights successful funding rounds, strategic partnerships, and general growth trends within the entrepreneurial landscape. Why it matters: This trend is crucial for the economic diversification and innovation growth in the Middle East and North Africa, potentially fostering advancements across numerous industries, including technology and AI.
KAUST, VentureSouq, startAD, and Tamkeen have partnered to launch the first Conscious Investor Fellowship in the GCC. The six-week virtual program aims to enable regional investors to create sustainable change through high-impact investments. The fellowship will host 25 investors from family offices, corporations, and government entities. Why it matters: The program aims to empower mission-driven investors in the region and accelerate investment in technology-driven startups addressing societal, economic, and environmental challenges.