News

Jordan’s ISSF invests $1m in Kuwait VC fund

StartupJordan-based Innovative Startups and SMEs Fund (ISSF) has announced a US$1 million investment in Arzan Venture Capital II, an investment fund based in Kuwait. According to ISSF, the move is designed to advance the Jordanian entrepreneurial ecosystem. “[The investment] will present several aspiring tech startups with the opportunity to grow their businesses, hence consequently generating new jobs and further strengthening Jordan’s standing as a regional hub for entrepreneurship and innovation,” said ISSF chief executive, Laith Al Qasem. The ISSF was formed in 2017 as a national project but with a private shareholding company. It is backed by the World Bank and is designed to last for six years, until November 2023, during which time it is expected to make direct and indirect investments to support local startups and entrepreneurs. To date, the ISSF has invested in eight Jordanian companies and four others outside the country but led by Jordanians. © 2021 funds global mena

Executive Interviews

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

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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.

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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.