17 Hrs
Source:
Sky News
Two launches $50M Shorouq partnership fund
Emirates Telecom company du announced the launch of "du Ventures," an investment fund valued at $50 million in collaboration with Shorouq Company, with the goal of supporting startups in the fields of fintech, artificial intelligence, cybersecurity, cloud computing, and others. The fund focuses on investing in companies that contribute to transforming emerging technologies into practical solutions, to enhance digital transformation and support the digital economy in the UAE. The fund is managed by Shorouq Company and aims to achieve returns of up to 400% over ten years.
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