The UAE ranked first in the Middle East and North Africa (MENA) region in terms of the number of venture capital deals and second in terms of the value of these investments, attracted by emerging capital markets, in the first half of 2024, according to a recent report by venture capital analytics firm Magnet.
According to the report, the investment climate in the UAE proved resilient, with the number of deals witnessed by the country increasing by 11 percent year-on-year, reaching 83 deals in first place, followed by Saudi Arabia with 63 deals, Egypt third with 28 deals, Morocco fourth with 10 deals, and in fifth place came Bahrain with 7 deals.
Source (Al-Khaleej Emirati Newspaper, Edited)
