The Abu Dhabi investment firm just upped the AI stakes, private debt in the Gulf is having its moment in the sun, and other updates from this week.
Ahlan from Dubai, dear readers. Before we dive into this week’s news, a few of us are meeting this evening to discuss all things venture capital in the Middle East, with Basil Moftah of Key Capital. The details are here, do join us!
Now, it’s been another week of deals, done and brewing. But let’s first start with the big fundraise that is the talk of the town right now.
Abu Dhabi’s investment firm MGX has raised about $50 billion from a set of investors in the region as well as outside, to further its push in artificial intelligence. …
Harveen is a co-founder at The Morning Context, and leads our coverage in the Middle East. She has previously worked as a media, consumer and tech writer at The Ken and Mint. At The Morning Context, she writes on tech, venture capital, consumer and media businesses across India and Gulf—from e-commerce to healthtech to streaming.
Co-Founder & Editor, Middle East
harveen@mailtmc.com
Dubai