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UAE economy will continue to strengthen despite Iran conflict, Meta president says - The National

The National · Apr 14

Meta President Nick Clegg expressed confidence that the United Arab Emirates' economy will continue to strengthen despite regional conflicts. This statement reflects a major global tech leader's assessment of the economic resilience of a key Middle Eastern nation. The positive outlook from Meta suggests ongoing stability for investment and growth in the region's broader tech sector. Why it matters: This highlights the perceived economic stability and attractiveness of the UAE for international technology companies, indirectly impacting the environment for AI investment and development.

MENA startup funding grows in May as Egypt rebounds - Arab News

Arab News · Jun 6

A recent report indicated an increase in startup funding across the MENA region during May. The report highlighted a notable rebound in investment activity specifically within Egypt's startup ecosystem, contributing to overall regional growth. This suggests a positive trend in venture capital deployment across the Middle East and North Africa. Why it matters: Increased startup funding across MENA, particularly in key markets like Egypt, signals a healthier investment climate and potential for innovation, indirectly benefiting technology and AI sectors through broader economic development.