Sahba Hadipour

𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 𝐒𝐨𝐯𝐞𝐫𝐞𝐢𝐠𝐧 𝐖𝐞𝐚𝐥𝐭𝐡 𝐅𝐮𝐧𝐝𝐬 𝐈𝐧𝐯𝐞𝐬𝐭 𝐁𝐢𝐥𝐥𝐢𝐨𝐧𝐬 𝐢𝐧 𝐀𝐈 𝐒𝐭𝐚𝐫𝐭-𝐔𝐩𝐬 Middle East sovereign wealth funds are rapidly becoming major players in top artificial intelligence start-ups in Silicon Valley. Read More: https://shorturl.at/MQ8To #SovereignWealthFunds #AIInvestment #MiddleEastEconomy #TechInnovation #ArtificialIntelligence #VentureCapital #EmergingTech

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MENA: $339bn in on-chain transaction (TX) value from July'23 to June'24 gives the region a solid foundation to lead in a #DigitalAsset future. - #UAE leads the GCC with $30bn TX but Turkey tops with $137bn! - MENA TX sizes: 27% > $10m, 27% = $1-10mm, 39% = $10k - $1m, 7% <$10k Indicating a high proportion of institutional, professional, family-office + HNWI participation. - #Saudi & #UAE lead the region in DeFi. These TX account for 7.5% of global volumes. and firmly positioning MENA as a force in the #digitalassets space. Chainalysis TOO MUCH CEX v DEX? Centralized exchanges (CEXs) = the main gateway for #cryptocurrency inflows in #Qatar & Turkey but decentralized exchanges (DEX) & applications are also a sizable share - which bodes well for DeFi. ~% Share of transaction (TX) value CEX vs DEX: - Global 51% vs 28% - Qatar 64% vs 16% - Turkey 55% vs 25% - UAE 47% vs 33% - KSA 36% vs 31% #SaudiArabia's large (32mm), youthful (63% under 30) demographic are crypto-fluent, boosting participation in [advanced] DeFi activities. With the twin regulatory engines of #Dubai + #AbuDhabi , the UAE has strengthened it's position as a hub for DeFi and crypto projects. Globally total value received by DeFi services, (inc DEXs) was up 74% vs 22/23. DEXs saw a monster 87% growth, from ~$6bn to $11.3bn. A key reason is the relative safety (thus far) of the largest DEXs vs CEXs. The top DEXs came through the 2022 market crash with zero fraud/mismanagement losses. DEXs do NOT hold any customer funds by design and are managed by smart contracts that are independently verifiable. These have proven reliable vs humans. (The top 10 inc Uniswap, Raydium Protocol, PancakeSwap, Curve have a 24hr volume of $3bn). Meanwhile CEXs + centralised yield platforms like FTX, Voyager, Celsius, BlockFi etc collapsed due to fraud/corruption + asset/liability mismanagement etc. resulted in a few billion dollars of losses for investors whose assets were often commingled. (24hr vol $50bn, Binance, Crypto.com, Bybit etc) STABLECOINS DOMINATE #Stablecoin (SCs)TX are significantly higher than the global avg in Turkey, Saudi Arabia, UAE - albeit for very different reasons. ~% Share of TX value by coin type, Stablecoin / ALT / BTC / ETH: - Global 45 / 25 / 22 / 8 - Turkey 55 / 21 / 16 / 8 - UAE 51 / 24 / 17 / 8 - KSA 46 / 30 / 16 / 8 For Turkey (and other emerging nations) with a history of economic instability + high inflation, SCs provide people a much needed stores of value. The UAE & KSA have no such issues, both are USD pegged and safely anchored by $trillions of SWF + Oil assets. The growing usage of SCs likely indicates their popularity to access broader digital asset services + trading. These TXs are a key driver behind the launch of the UAE Dirham stablecoin by Tether.io + Phoenix Group. Saudi remains the sleeping giant in this regard - the region is just getting started! https://lnkd.in/drzfxc5b

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Abu Dhabi technology investment firm MGX is reportedly in talks with OpenAI as part of a multibillion-dollar fundraising round for the startup behind ChatGPT. Sources familiar with the matter told The Wall Street Journal that MGX, which the UAE created earlier this year to invest in artificial intelligence (AI) projects, hasn’t determined the size of a potential investment in OpenAI. OpenAI is in talks to raise $6.5bn from investors at a valuation of $150bn, and the new valuation will cement the ChatGPT creator’s position as one of the most valuable startups in the world. Venture-capital firm Thrive Capital has committed $1bn and will lead the round, while Microsoft, Apple and Nvidia are in talks to also invest, according to a Bloomberg report. The potential investment would bring the Gulf state closer to one of the world’s leading AI companies and one of the most valuable private startups in the US. OpenAI | ChatGPT | #ChatGPT | #UAE | #AI

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🚨 QCP Capital Has Receives In-Principle Approval From Abu Dhabi for Regulated Digital Assets Activities🚨 QCP Capital has secured preliminary approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) for its regulated digital assets activities QCP Capital became the first market maker and crypto broker in the UAE capital to receive initial approval in the capital of the United Arab Emirates.  At the same time, the milestone underscores Abu Dhabi's emergence as a leading hub for crypto initiatives. QCP Capital's partnership with further ventures represents a strategic move to grow operations in the Middle East. Stay tuned with Web3R&D for Further Updates! PC- Crypto. news #QCPCapital #Crypronews #Web3withus #digitalassets #DigitalAssets #AbuDhabi

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Abu Dhabi wealth fund ADQ has partnered with Switzerland’s EQTY Lab to accelerate the adoption of artificial intelligence (AI) technologies within its portfolio companies. The partnership seeks to implement an AI Integrity suite designed to ensure its AI models are reliable, secure, transparent, and aligned with best practices in AI governance. The initiative aims to build trust and accountability in the wealth fund’s AI implementations and drive transformation across its portfolio. The collaboration between ADQ and EQTY Lab collaborated in 2023 and launched ClimateGPT, an open-source AI model designed to tackle climate change and sustainability. Powered by Erasmus and trained by Apptek, ClimateGPT provides researchers, policymakers, and business leaders with access to a multi-language model that incorporates billions of climate-related data points. The initial deployment of ClimateGPT is hosted at Al Dhafra Solar PV, the world’s largest solar plant, ensuring the platform operates entirely on renewable energy. ADQ and its portfolio companies, ADNEC Group, Etihad Rail, TAQA, and Masdar, will be the first to utilise ClimateGPT in the UAE. ADQ | EQTY Lab | #ClimateGPT | #AbuDhabi

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$180M Tech Fund by ADQ and OIA Set to Revolutionize MENA’s Technology Landscape ADQ, an Abu Dhabi-based investment and holding company, announced the launch of the $180 million technology-focused Jasoor Fund (the Fund) with Oman Investment Authority (OIA) and represented by ITHCA Group. This commitment is part of a broader framework agreement signed by both parties in 2022. The Jasoor Fund aims to bolster the digital economy in Oman and the wider Middle East and North Africa (MENA) region by supporting high-growth technology companies in sectors such as FinTech, EdTech, HealthTech, cleantech, food and agriculture, and logistics. The Fund’s primary focus will be on investing in innovative technology companies established in Oman, as well as technology startups across the MENA region. It will target investments in businesses at various stages of development that have proven business models and demonstrate strong growth potential. Mohamed Hassan Alsuwaidi , Managing Director and CEO of ADQ, expressed his enthusiasm for the partnership, stating, “Building on ADQ’s strategic partnership with OIA established in 2022, the launch of Jasoor Fund reinforces our commitment to make investments that unlock the potential of key sectors of the economy while creating lasting value for stakeholders. Together, we will continue to advance trade and promote investments that will contribute to the growth of both economies.” In conclusion, the launch of the $180 million Jasoor Fund by ADQ and Oman Investment Authority represents a major step forward for the MENA region’s tech ecosystem. #adq ranked 7381 by Crunchbase Hamad Al Hammadi What can this company tell us about its development plans? Clones of your article in different languages thanks for our partners Glocal SEO Platform 2024 | EN.Gloc.al International Search Engine Optimization & SEO For Startups : Clones of your article in different languages: https://lnkd.in/gzcPg3nF https://lnkd.in/g9-uFjPS German  https://lnkd.in/gB4pEpgj French  https://lnkd.in/gDUpFiDh Russian  https://lnkd.in/gb3UYf3G Chinese  #uae #mena #fintech #Crunchbase #in5 #dic #DubaiInternetCity #technology #b2b #startups #software #Entrepreneurship #development Read more here👉👉👉 https://lnkd.in/gzcPg3nF

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Tether, the largest digital asset issuer, and Fuze, a platform facilitating digital asset transactions in the Middle East, have joined forces to push for digital asset education. Through a Memorandum of Understanding (MoU), they aim to advocate for the mainstream adoption of digital assets like #Bitcoin and #stablecoins such as Tether.to (#USDT). This strategic partnership will focus on educational programs across Turkey and the MENA region, emphasizing the benefits of digital assets and ensuring compliance with #regulatory frameworks. By empowering financial #institutions and #businesses with knowledge about the real applications of #digitalassets, Tether and Fuze are paving the way for wider adoption and usage. Paolo Ardoino, CEO of Tether, highlighted the transformative potential of the collaboration, while Mo Ali Yusuf, Co-Founder and CEO of Fuze, emphasized the importance of educating stakeholders at all levels for the future of #finance. Together, they aim to set a new standard for digital asset adoption and create a globally informed and empowered society. The only way to attract people to the #blockchain industry and make them enthusiastic is through education and #financialliteracy. While giveaways, airdrops, and prizes may grab attention, the real focus lies in providing comprehensive #education about #cryptocurrencies and #blockchain technology. As we care about our present, we must also invest in our future by providing the newest #technologies for the next generation to study and explore. https://lnkd.in/eY2v-Rwp

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Ray Dalio’s family office and Sheikh Tahnoon bin Zayed Al Nahyan’s AI firm G42 have abandoned plans to establish an asset management venture in Abu Dhabi. The decision was made amid concerns that Dalio, the founder of Bridgewater Associates, might violate a non-compete agreement signed when he left the hedge fund, potentially using Bridgewater’s intellectual property in the new partnership. Dalio, whose hedge fund Bridgewater managed $160 billion, shares a close relationship with Sheikh Tahnoon, the UAE’s national security adviser and a key Bridgewater client. Despite the setback, both Dalio’s family office and G42 have left the possibility open to revisit the partnership in the future. The Dalio Family Office already holds a stake in G42, although specific details have not been publicly disclosed. G42, a prominent AI firm in the Middle East, is backed by significant investors, including Silver Lake and Abu Dhabi’s Mubadala Investment Co. The firm recently secured a $1.5 billion investment from Microsoft, following its decision to end cooperation with China. Dalio expanded his personal investment firm’s presence in Abu Dhabi last year, deepening his ties with Sheikh Tahnoon’s $1.5 trillion business empire. Despite the stalled venture, personnel movement between Dalio’s family office, G42, and Abu Dhabi’s investment authorities continues, with notable figures like Ali Hegazi transitioning between the firms. https://lnkd.in/dQd5dxZF #RayDalio #SheikhTahnoun #G42 #AbuDhabi #UAE

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Muna Al Gurg: Innovation in Family Governance and Business ✨ Brought to you in collaboration with First Abu Dhabi Bank (FAB) Private Banking as part of the special series, Leadership & Innovation Muna Al Gurg has been instrumental in shaping innovative approaches in her family’s firm. She fondly remembers the stories her father, and company founder, Easa Saleh Al Gurg, told her about navigating the business through Dubai’s early development period in the 70s and 80s. Those experiences helped reinforce Muna’s belief that the ability to adapt in ever-shifting commercial landscapes lies at the core of most family enterprises – especially in the MENA region, with its history of frequent and swift transformations. 💫 However, she also stresses the importance of establishing a solid governance foundation to support the critical decision-making process of current and future family business leaders. Muna credits her father’s time as a post office clerk — a position he was fiercely proud of — as a grounding influence in the family business, while also showing what can be accomplished through unwavering hard work and ambition. 🚀 🎙️📺📖 Listen to the full episode with Muna Al Gurg, Vice Chair and Director of Retail for the Easa Saleh Al Gurg Group, watch the highlight video and read the key takeaways: https://bit.ly/47Eev2W 👀 See more about this collaboration: https://bit.ly/3QCIy3Y #familybusiness #governance #leadership #innovation #strategy #success #legacy #uae #dubai #ambition #content #podcast #article #insights #advice

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Member's Announcement from Kaia Incorporation of the Kaia DLT Foundation in Abu Dhabi Global Market (ADGM) We're thrilled to announce the incorporation of the Kaia DLT Foundation in the Abu Dhabi Global Market (ADGM). This significant milestone brings us one step closer to launching the Kaia mainnet. This strategic move positions Kaia DLT Foundation at the heart of one of the world’s most dynamic hubs for global tech and hybrid finance, enabling us to foster stronger ties with tech innovators, venture capitalists, and builders worldwide. The foundation’s presence in ADGM will be pivotal in accelerating the adoption of Web3 infrastructure and applications, mainly as we aim to bridge the gap between global investors, developers, and Asia’s rapidly expanding Web3 market. By leveraging ADGM’s advanced regulatory framework, we’re equipped to support innovative Web3 projects that are eager to build on Kaia, the robust Layer 1 blockchain formed through the merger of Klaytn and Finschia — two blockchains originally initiated by IT giants Kakao and LINE. “I am excited to announce that the registration of Kaia DLT Foundation in ADGM, which is the final and most important milestone before the launch of the Kaia mainnet, has been completed,” said Dr. Sam Seo, Chairman of Kaia DLT Foundation. “With all preparations complete, we are now ready to initiate the process to launch the Kaia mainnet.” As we settle into our new base in Abu Dhabi, we’re also eager to connect with global partners and explore opportunities to expand the Kaia ecosystem further. With over 420 decentralized applications (DApps) and a potential user base exceeding 250 million, Kaia is set to redefine how users, developers, and enterprises engage with Web3, offering the seamless experience of Web2 with the transformative power of blockchain technology. Click here to find out more about Kaia Mainnet launch: https://lnkd.in/g_2Wr4Jx About Kaia Kaia is a high performance public blockchain that simplifies Web3 for users, builders, investors, enterprises, and everyone in-between. Formed through the merger of the Klaytn and Finschia blockchains that were initially developed by Kakao and LINE respectively, Kaia is Asia’s largest Web3 ecosystem, with over 420 DApps and over 250 million potential users — all of whom can experience Web3 with the ease and speed of Web2 to connect, create, collaborate, and contribute to the ecosystem. About Kaia DLT Foundation The Kaia DLT Foundation, based in Abu Dhabi, was established in 2024 to expand the ecosystem of Kaia, a global Layer 1 blockchain platform. We drive the adoption and development of new technologies to ensure that Kaia fulfills its role as an accessible, transparent, and sustainable blockchain platform for developers and users alike, and facilitate decision-making to ensure that the ecosystem continues to expand optimally in the rapidly changing blockchain landscape.

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We are thrilled to announce the first close of our $100 million second private credit fund, Nahda Fund II, paving the way for continued innovation and growth in the MENA tech ecosystem. 🌍💡 🚀 With a successful track record from our first fund, which set new standards as the region's first tech-focused private credit fund, we're doubling down on our commitment to fueling innovation and driving economic growth across the Middle East and North Africa. Our first credit fund has already seen remarkable success, with investments in game-changers like Pure Harvest Smart Farms and Tamara, revolutionizing agriculture and fintech in the region, respectively. These ventures highlight the transformative impact of our credit facility in fueling innovation and propelling economic growth. Shane Shin (شين شن) 유근, Founding Partner at Shorooq Partners, emphasizes the importance of non-dilutive financing in the MENA region, offering a sophisticated alternative to traditional equity-based approaches. As the MENA region continues to thrive as a hub of entrepreneurial dynamism, non-dilutive funding provides a compelling avenue for sustained growth and enduring success. The MENA private credit market has witnessed remarkable growth, with significant opportunities for expansion and investment. Nathan Yonghyun Kwon, Principal and Lead at Nahda Fund II at the firm, notes the surge in deal flow, highlighting our mission to foster scalable growth in innovative companies across various sectors. As we embark on this new chapter, we invite founders and companies across the region to join us in shaping the future of innovation and entrepreneurship. Together, let's unlock new possibilities and drive sustainable growth in the MENA tech ecosystem. 💼💡 Read the news on Bloomberg by the talented Nicolas Parasie here: https://shorturl.at/sTAhI Reach out to us: shorooq.com Partnering with leaders creating tomorrow. #ShorooqPartners #PrivateCreditFund #MENA #TechEcosystem #Innovation #Entrepreneurship #ShorooqPartners #tech #investments #Entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #ksa #uae #egypt #korea #riyadh #abudhabi #dubai #cairo #founders #startups #wearehiring #jobs #spotlight #shorooq #alternativeinvestments #fundmanager

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UAE equity highlights today - are expectations of a hawkish Fed boosting banks? We look at National Bank of Umm Al Qaiwain, Abu Dhabi Commercial Bank and crypto miner Phoenix Group. Modest losses were posed across both the Abu Dhabi and Dubai exchanges on Wednesday with investors likely distracted by tonight’s FOMC meeting minutes. With that in mind, many financial stocks fared well, presumably buoyed by the idea of interest rates remaining high for some time yet. National Bank of Umm Al Qaiwain was the biggest riser, up 3% on the day. That was sufficient to take the stock back towards multi year highs, although deal flow was incredibly limited and there’s no clear news here. Abu Dhabi Commercial Bank also fared well, adding 2.4% on the day. That sees the stock reverse yesterday’s losses following the brief dip below 8 Dhs, a level which hasn’t been sustained since last October. Crypto miner Phoenix Group was the worst performer of the large caps, down 7.2% on the day. The stock saw elevated transaction levels on the day although the losses took it down to all time lows. The company debuted on the market in December 2023 with an offer that was 33 times oversubscribed. Exchange data notes that Agility Global and Abu Dhabi National Energy Company (TAQA) will both trade ex-div tomorrow.

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Abu Dhabi’s $1 trillion wealth fund is embracing an increasingly scientific approach to investing, leaning more on its own quant team to speed up decision-making as it seeks to bolster returns. Abu Dhabi Investment Authority (ADIA) is using a 125-person division of data scientists to guide in-house investing, As part of the broad changes, it’s also putting money more rapidly in private credit and has continued to ramp up allocations to private equity. #hedgefunds #privatequity #Familyoffices #Venturecapitalists #Investments #Abudhabi #GCC #UAE #deals #fundraising

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Feel free to reach out if you would like to talk about the benefits of starting a corporate venture capital arm. We are on a mission! #wealthtech #fintech #corporateVC #CVC Marshall Smith

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In a surprising development, Sarwa Digital Wealth (Sarwa ثروة), a leading UAE-based robo-advisory startup, has been fined a total of $390,000 (1.43 million AED) by the DFSA and Financial Services Regulatory Authority of Ontario (FSRA). The fines were imposed for offering securities to the public without an approved prospectus, a violation of the Markets Law. The DFSA imposed a fine of Dh701,815 ($191,100) on Sarwa Digital Wealth Ltd (Sarwa ثروة). in DIFC, and the FSRA imposed a penalty of Dh449,881 ($122,500) on Sarwa Digital Wealth (Capital) Ltd. in Abu Dhabi Global Market (ADGM). This coordinated action highlights the importance of regulatory compliance for fintech startups in the UAE. Despite this setback, the robo-advisory sector remains promising, emphasizing the need for startups to prioritize compliance to ensure sustainable growth. Mark Chahwan What measures can fintech startups take to ensure regulatory compliance and avoid penalties? Clones of your article in different languages thanks for our partners Glocal SEO Platform 2024 | EN.Gloc.al International Search Engine Optimization & SEO For Startups : Clones of your article in different languages: https://lnkd.in/dyTsAcHS https://lnkd.in/dY2WWPDn German  https://lnkd.in/dYBV7edK French  https://lnkd.in/dpGe6cAR Russian  https://lnkd.in/dgmr3-Hj Chinese #uae #mena #fintech #Crunchbase #in5 #dic #DubaiInternetCity #technology #b2b #startups #software #Entrepreneurship #development #funding #project #environment #investment #opportunities #analytics #stockmarket #Networking #glocal #mentorship #ceo #socialentrepreneurs #b2p #b2c #dubai #crunchdubai #team #leader #startupcompany #Businessmindsets #Crowdfunding #cloud #marketingdigital #Socialmedia #Marketing #Socialnetworking #humanresources #leadership #entrepreneursmindset #branding #marketing #management #manufacturing #engineers #machinelearning #softwaredevelopment #dataengineering #searchengineoptimization #startup #digital #art #science #planning #innovation #sustainability #collaboration #security #strategy #sustainable #entrepreneurs #language #seo #success #unitedarabemirates Aleksei Dolgikh, Olga Nayda, Olga Odemchouk Medvedeva, Vitalii Minka, Pavel Afonin, Shokhrukh Tursunbaev  

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𝐀𝐛𝐮 𝐃𝐡𝐚𝐛𝐢’𝐬 $𝟏 𝐓𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐅𝐮𝐧𝐝 𝐑𝐞𝐯𝐚𝐦𝐩𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐭𝐨 𝐀𝐜𝐜𝐞𝐥𝐞𝐫𝐚𝐭𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 Abu Dhabi’s $1 trillion Wealth Fund, ADIA, is making big changes to its investment strategy by embracing Data Science. With a stronger focus on Private Credit and Private Equity, the fund is speeding up its decision-making process and exploring new opportunities. It’s also working with a wider range of Hedge Funds to keep up with the changing market. These moves are set to make ADIA even more efficient and dynamic in the global investment space. #ADIA #AbuDhabiWealthFund #PrivateCredit #PrivateEquity #DataScience #HedgeFunds#AbuDhabiWealthFund #ADIA #PrivateCredit #PrivateEquity #DataScience #HedgeFunds #IW #IWNews #IndustryWired Read more 👇 https://zurl.co/5W2f

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This week’s excellent Crypto Options Unplugged👇 They discuss the recent sell-off and rebound, the key market drivers, option flows, vol and term structure Deribit. Always Open.

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