Qatar attracts VC fund managers to Doha with its $1 billion ‘fund of funds’

Qatar attracts VC fund managers to Doha with its billion ‘fund of funds’

Key Points

Qatar Investment Authority’s $1-billion fund of funds has accepted its first group of venture capital fund managers.
Raj Ganguly, co-CEO of B Capital, hailed the Gulf state’s approach to artificial intelligence, and its support for the sector, as of particular interest.
It comes as Qatar looks to diversify away from its dominant oil and gas industry.

Source

Finance

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Key Points The consumer price index rose 2.7% in July on an annual basis, according to the Bureau of Labor Statistics. “Core” goods prices are at their highest annual inflation rate in about two years, evidence that Trump administration tariff policy is feeding through to higher prices, economists said. Source

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