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Venture capital catches up in GCC
- United Arab Emirates: Sunday, August 10 - 2008 at 12:53
UAE-based New Enterprise East Investments has announced strong positive response from local markets, pertaining to its first round of Gulf Venture Capital Fund I, that is about to close. The company said that they have been receiving a lot of proposals and business plans from local entrepreneurs who are looking to start up business in the GCC and need venture capital to support their ideas. NEEI is working with Dubai Internet City, Intel, HP, Dubai Silicon Oasis, Khalifa Fund and ABAN to introduce selected companies into the GCC.
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Medilyn Manibo, Assistant News EditorSunday, August 10 - 2008 at 12:53 UAE local time (GMT+4)
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