Venture capital in the Middle East and North Africa is on the rise, according to the latest MENA Private Equity Association report.
The hope is that the rising tide of startups can alleviate the joblessness that nearly 100 million young people in the region face (nearly 25% of the population); after all, in markets like the U.S., all net job growth occurs only through startups, according to the Kauffman Foundation.
