Saudi Arabia Trails Only Singapore in Emerging Market VC Funding Race

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 67 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 63%

Bloomberg Noticias

Saudi Arabia,Venture Capital,Singapore

(Bloomberg) -- Saudi Arabia ranked second across the emerging-market venture capital space in the first half of 2024, trailing only Singapore, according to...

-- Saudi Arabia ranked second across the emerging-market venture capital space in the first half of 2024, trailing only Singapore, according to VC data firm Magnitt.Zyn Imitators Rush In as Online Sales Halt Worsens US ShortageSoftware startup Salla raised $130 million in the period, boosting the kingdom’s venture capital fundraising to $412 million — the highest in the Middle East and North Africa, the Dubai-based company said.

“They have shifted away from late stage to early stage investments because of the high cost of capital,” said Magnitt Chief Executive Officer Philip Bahoshy. “Startups now have to be cost efficient, they cannot just rely on another investment round to raise funds.” The UAE ranked second in MENA fundraising. Startups there raised $225 million, down 19% from a year earlier. Still, the market proved resilient as deal count increased, Magnitt said.

Broader fundraising across Southeast Asia, the Middle East, Pakistan, Turkey and Africa totaled $3.5 billion in the first half, down 34% from a year earlier, Magnitt data showed. Industry giants that also happen to be established Dividend Aristocrats are worth holding onto for decades, virtually forever, for a reliable passive income. The post 1 High-Yield Dividend Stock You Can Buy and Hold Forever appeared first on The Motley Fool Canada.

Two blue-chip stocks from the banking and energy sectors are excellent sources of pension-like income. The post Dividend Royalty: 2 Fabulous Stocks to Buy Now for Decades of Passive Income appeared first on The Motley Fool Canada.Barron’s found seven candidates—that aren’t the six tech giants—that have improving Wall Street sentiment, increasing earnings estimates, and haven’t substantially outperformed the market.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 47. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Saudi Arabia Trails Only Singapore in Emerging Market VC Funding RaceStartup funding in the Middle East and North Africa fell by more than a third in the first half of the year as investors sought more early-stage deals that raise less money, according to VC data firm Magnitt.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »