MENA Startup Boom, A.I. Economic Impact Debate, Survivalist Compounds Trend


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Jul 14 2024
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The Middle East and North Africa region's startup ecosystem is thriving with various accelerator programs, funding injections, and strategic investments, such as Egypt's Raya FutureTECH and Maalexi's $1 million venture debt. Noteworthy developments include Jordan’s ISSF investment, Hala's expansion in Egypt, and Startup Grind Qatar teaming up with Builder.ai. Despite a 33% rise in investors, the MENA VC landscape sees a 34% decline in funding, with e-commerce securing substantial funding and fintech leading in deal count. Additionally, there are conflicting opinions on the potential of artificial intelligence to enhance worker productivity and economic output, sparking discussions among economists. On another note, Fortitude Ranch in West Virginia provides survivalist compounds for members to prepare for catastrophes through dormitories, bunkers, weapons, and provisions for survival.