Tech Startups Bloom in Gulf as States Try Breaking From Oil
Bloomberg Technology reports how local tech startups are making headway in the six countries of the Gulf Cooperation Council. This due, to The U.A.E.’s declaration of 2015 as the “year of innovation,” – reflecting aspirations of the Gulf Arab nations to diversify away from oil. As a consequence, Gulf governments are funding entrepreneurship programs seeking to wean privileged citizens from a public sector that can’t offer them all jobs. This, in turn, is one reason why local tech startups are making headway in the six countries of the Gulf Cooperation Council…
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