ADX gets new Chairman and directors, while KSA accounted for 52% of MENA VC funding last year
Here’s a look at today's biggest tech stories in the MENA+:
- Lunate Capital launches first Gulf ETF tracking Indian stocks
- ADX gets new Chairman, board directors
- ADAFSA launches plan to supply recycled water to 1,600 farms
- Dubai SME partners AI fintech CXDA
- Mental health insurance premiums up 10-15% as demand grows
- MBC nears $3B valuation after surging 30% on market debut
- KSA accounted for 52% of MENA VC funding last year
- BNPL brand Tamara partners Paymob on SME payments
- Amazon, Google, Microsoft expand presence amid govt pressure
- Cloud computing registrations surge 40% YoY
- Real estate export company to be set up with $3B revenue goal
- Egypt targets 20% rise in Africa trade by 2029
- CBE seeks to introduce digital pound by 2030
- FRA now offers temporary non-bank financial services licenses
- Govt targets $12B FDI this year following reforms
- Satellite launches targeted under new national space policy
- Commerce minister to boost trade ties at Pakistan-Africa conference
- Ex-PM Sharif allowed to contest for elections as court scraps ban
- Pakistan, KSA may seal Reko Diq deal at Riyadh forum
- Telcos seek clarification on internet throttling
Other MENA+ Developments
- Careem Food delivered to 1.4M customers last year
- GCC non-oil growth expected to remain strong at 3.6%
- CBB unveils payment oversight framework
- UAE Climate Minister appointed CEO of IHC subsidiary 2PointZero
- Oman postpaid mobile phone subscriptions surge 11.7%
Southeast Asia Developments
- Thai govt gets approval for digital handout plan financing
- Singapore chip startup Silicon Box turns unicorn with $200M Series B
- Philippine cenbank says digibanks face challenges with loan collections
- Invest Malaysia Facilitation Center begins operations
- Malaysia to launch consultation on sustainability disclosure standards
India Developments
- Indian developers seek ONDC equivalent for apps to take on Big Tech
- Tamil Nadu working on incentives and policies for IT, including AI
- Zee Entertainment slumps as $10B Sony merger falls through
- 100,000 developers to get AI training under new Microsoft program
- Gujarat eyes $500B economy, 10% contribution to GDP by 2026-27
