Holy Month
Middle East companies prepare for quiet time during Ramadan
Last year, venture capital activity in the Gulf states dropped 41% in funding and 64% in the number of deals completed, compared to 2022
Believers walk through the courtyard of the Sheikh Zayed Grand Mosque in Abu Dhabi during Ramadan in 2023. (Photo: Getty Images)
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The conference circuit will give way to the Iftar and Suhoor circuits in the Gulf as Ramadan is expected to begin next Monday or Tuesday.
The Holy Month brings about one of the quietest times for deal activity...