Defend Press Freedom

In honor of World Press Freedom Day on May 3rd, we hope you will consider supporting The Media Line this month.
The role of a free press has been at the foundation of democracies around the world for nearly 200 years.
Yet, in many countries, publications are censored and journalists put their lives at risk to report the truth.
A transparent and reliable press covering the important issues of the Middle East is needed more than ever.

The Media Line is proud to assume this responsibility and has over 20 years of success in shaping the role of news reporting in the region. We hope you will support our efforts by making a donation today.

Thank you!

Thank you for confidence in The Media Line.
 
Felice Friedson
Founder, President
UAE, Israeli Tech Ecosystems Growing Closer

UAE, Israeli Tech Ecosystems Growing Closer

Emirati, Israeli, and global entrepreneurs seek high-tech investment opportunities at a teleconference sponsored by Jerusalem’s OurCrowd and the UAE’s Emirates Angels Investors Association

Excitement was in the air during a globally attended teleconference Tuesday on the United Arab Emirates innovation ecosystem and its key sectors.

An array of senior UAE investment professionals, entrepreneurs and government officials said that they are positive that regional economic growth will increase via bilateral venture-capital investment opportunities made possible by the Abraham Accords, ratified Monday by the Israeli government cabinet. The agreement was signed by the UAE and Israel on September 16 at the White House.

Two investment groups that are in the process of introducing the two markets, Jerusalem’s OurCrowd and the UAE’s Emirates Angels Investors Association, sponsored the conference.

“Israel and the UAE are a natural fit. The UAE has natural resources and a tiny population. Our financial capital exceeds our human capital. Israel, on the other hand, has human capital with an overstretched local financial capital. In both cases, the surplus fits the deficit of the other market,” noted Dr. Salah al-Binali, chief executive officer of UAE-based Universal Strategy and the newly appointed UAE-based venture partner and head of the Gulf region for OurCrowd.

He continued, “The UAE is good at deploying capital and both markets have what the other wants.”

Dr. Tariq Bin Hendi, director-general of the Abu Dhabi Investment Office, a government agency, said the last few weeks have been exhilarating. “There is quite a lot of interest and curiosity at [what] we have to offer.”

The UAE technology ecosystem has “a lot of constructive disruption,” Bin Hendi said as he welcomed Israeli high-tech representatives., “We want to have a seat at the table on the Israeli side.” He invited Israeli innovators to visit. “Of course, after the pandemic.”

Israel and the UAE are a natural fit. The UAE has natural resources and a tiny population. Our financial capital exceeds our human capital. Israel, on the other hand, has human capital with an overstretched local financial capital. In both cases, the surplus fits the deficit of the other market

“The Gulf is a growing dynamic market and innovative technology … can make it a better place to live and [can create] a great future in the region,” said Abdullah Saeed Juma Al Naboodah, chairman of Naboodah Investments LLC and Phoenix Investment LLC.

He told The Media Line, “Our group is focused on water and agritech, health and life sciences, fintech and mobility markets.” Just last week, his Phoenix Investment signed a memorandum of understanding with OurCrowd to create a $100 million partnership to invest and increase business and tech ties in the UAE and the region.

During the teleconference, the “chat” section was filled with English and Arabic comments, mostly from entrepreneurs and service providers from around the world seeking to make connections.

According to Jon Medved, CEO of OurCrowd, “The stars are aligned for a great beginning to a long-term, fruitful and productive relationship between Israeli and Emirati investors.” UAE leadership and entrepreneurs have expertise in key areas such as logistics, transportation, airlines and technology. To Medved, there are “lots of opportunities to invest in the UAE.”

Al Naboodah agreed, “The UAE is the hub for the Arab world for technology businesses and startups. With proven regulatory environment and a proven track record, it is the best platform in the Arab world.”

Give the Gift of Trusted News!

Dear friends,

The Media Line is always there to report to you the stories and issues of the Middle East – completely and in context: TML is the source you can trust.

Know The Media Line to Know The Middle East!

Please support our ad-free, nonprofit news agency. Our seasoned journalists reporting from the Middle East are working day and night during these challenging, yet defining times; and our student interns are honing their knowledge and skills, preparing to emerge as tomorrow’s journalists.

You rely on us and we’re relying on you! Make your online tax-deductible donation here and contact us regarding donations through appreciated stock, donor advised funds, qualifying IRA distributions and other charitable instruments.

Thank you for confidence in The Media Line.
 
Felice Friedson
Founder, President

Invest in the
Trusted Mideast
News source.
We are on the
front lines.

Personalize Your News
Upgrade your experience by choosing the categories that matter most to you.
Click on the icon to add the category to your Personalize news
Browse Categories and Topics
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.