China-Bahrain venture fund targets Middle East tech market
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DUBAI (Reuters) - China's MSA Capital and Al Salam Bank-Bahrain launched a $50 million venture capital fund on Wednesday, using Bahrain as a hub to invest in sectors such as e-commerce and financial technology in the Middle East. As part of efforts to tackle its deficit and diversify the economy, Bahrain has been trying to re-establish itself as a regional finance centre after losing ground to Dubai, and has been marketing itself as a financial technology hub for the Middle East and North..