China's MSA Capital, Bahrain's Al Salam Bank set up $50m venture fund

China's MSA Capital, Bahrain's Al Salam Bank set up $50m venture fund

World Trade Center, Manama, Bahrain. Photo: Charles-Adrien Fournier/unsplash

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.