du, Shorooq partner on $50 million fund to back regional startups

du and Shorooq launched a $50 million venture fund to support regional startups. The fund focuses on fintech, AI, cybersecurity, and other emerging technologies. du aims to drive digital transformation through startup innovation. Shorooq will manage the fund, prioritizing investments aligned with du's strategy. The initiative supports UAE-based ventures and aims to accelerate technology commercialization.