In the Middle East and North Africa (MNA) regions, startup investment was seen in the last month. Investment in the sector has dropped to $ 12.5 million compared to March 2021. At this time, 20 agreements were signed. Earlier in February, the $ 1 million investment deal was set up here. News Arab News.

The fall in March has been noticed except for loan -based financing. It is said that the US duty situation has influenced the important economies of the Middle East and North Africa. The United Arab Emirates (UAE) has retained the top position on regional startup investment in the march, and the country’s companies have collected $ 10 million in 5 transactions.

Second place is Egypt, where the four contracts have been collected from $ 10 million. Saudi Arabia, on the other hand, was worth $ 1 million. In the first quarter of this year (January-March), after the slow pace of the last month, a total of $ 1 million investment was found in the Middle East and North Africa.

This amount of money has been investing $ 10.2 million in the fintech sector in March, 20 percent higher than the same period of 2021. In the first quarter, the sector received more than $ 1 million investment through 5 startups. After this there are HealthThec (1 crore 5 lakh) and artificial intelligence ($ 10 million).