"Although angel investing is relatively new in the region, the United Arab Emirates has taken pioneering steps in this field."
The Emirates Angel Investors Association announced that it has joined Europe's early-stage investors network (EBAN), the largest angel investors network in the world.
The association’s secretary of the board, Mr. Tariq Al-Saman, said: “The association's joining of EBAN is an achievement for the United Arab Emirates and that the association is proud of, as it will highlight the country's position in early-stage investment, and attract angel investors and startups from around the world”.
He added, "Although angel investing is relatively new in the region, the United Arab Emirates has taken pioneering steps in this field, and as reports have shown, the UAE ranked first in the Middle East and North Africa with 26% of total deals”.
The Emirates Angels is the first of its kind in the Middle East, as it works to bring together angel investors under an official umbrella and provides them with all services of interest to the sector. The association also works side by side with the startups as well as authorities in the UAE to create the best investment environment.