News

Abu Dhabi firms plan Mena startups VC fund

Venture capitalAzimut ME, the Mena-based business of the Italian asset manager, has partnered with technology advisory firm Gellify Middle East to establish a $50 million venture capital (VC) fund targetting B2B startups in the region. Azimut and Gellify have partnered before on a similar venture. The Azimut Gellify Digitech Fund was launched in 2019 and raised $65 million to invest in European tech startups. In June 2021, the fund made its first investment in the Mena market, taking a stake in Workfam, a UAE-based employee SaaS platform company. “The Middle East governments are committed to innovation and have successfully taken steps to make their economies more digital,” said Maroun Jalkh, Chief Executive Officer of Azimut ME. “Together with Gellify’s unique offerings, we therefore see a great potential for both high returns for investors and creating innovation opportunities in the GCC.” ©2021 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.