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UAE aims to convert oil wealth into tech prowess – TechCrunch

Newsroom Editor by Newsroom Editor
August 4, 2022
in Tech
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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, up from more than $1.2 billion in the first half of 2021 — a 64% year over year growth. The UAE took in 46% of the total venture capital…



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