Khaled Talhouni of Nuwa Capital joins Loulou Khazen to unpack how geopolitical uncertainty is shaping startups, capital, and investor sentiment across MENA. They discuss what 53 portfolio companies saw through the conflict, the slowdown in funding, the Nana collapse, AI opportunities, and where liquidity may emerge next. It’s a grounded conversation on venture risk, resilience, and what founders and investors should be watching now.