Uber, Mastercard Deals Mark Arrival of Mideast Tech Sector

The Careem deal "will whet the appetite of some of the investors that have been sitting on the sidelines,” said Fadi Ghandour, chief executive officer of Middle East venture capital firm Wamda Capital who had invested in Careem. “Traditional, commercial family businesses are going to say ‘okay well this is an investable space, why are we not in it?" To read the full Bloomberg article, click here

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