UAE and China ink clean energy, tech deals, Saudi Energy buys stake in Kraken, Oracle launches new Morocco cloud region, Thailand to regulate OTT platforms, $1.2B Startup India Fund of Funds 2.0 established
Here’s a look at today's biggest tech stories in the MENA+:
- CMA rolls out new virtual asset regulations
- e& money launches digital gold investment offering in partnership with SafeGold
- Delivery orders up 18% to 1.9M despite fewer restaurants
- CBUAE selects Vermeg to develop national debt, Sukuk market platform
- UAE, China sign new sign clean energy, tech MoUs as non-oil trade surges to $111B in 2025
- PIF's Neo Space Group partners Saudia to offer free in-flight Wi-Fi
- Saudi Energy buys stake in Kraken, forming JV to launch MENA platform
- Tokenized real estate seen becoming institutional infrastructure
- Telco-hyperscaler collaboration shapes industry growth
- WEF publishes whitepaper on national quantum economy pilot
- Three more IPOs targeted before end of FY25/26
- S&P affirms rating at ‘B/B’ with stable outlook
- Raedbots launches as first domestic industrial robotics maker
- Egypt targets output of 140M vaccine doses a year by 2030
- Investment Minister meets Samsung, LG executives to discuss local expansion
- Pakistan in discussions with Saudi Arabia, China for $3.5B in loans
- Jazz gets competition commission approval to acquire TPL Insurance
- Pakistan weighs strategic fuel reserve
- PTCL plans week-long internet slowdown
- NCERT tightens cybersecurity audit rules
Other MENA+ Developments
- Oracle launches new Morocco cloud region
- FOO partners Omantel's OMPAY on digital wallet, financial services
- Algeria launches bidding process for two satellite internet licences
- Bahrain central bank unveils loan deferral program
- Gulf SWFs maintain investment momentum in Q1
Southeast Asia Developments
- Meta told to submit response plan for fake news in Philippines
- TikTok Shop narrows Shopee's lead in Southeast Asia e-commerce GMV
- Thailand's broadcasting commission to regulate OTT platforms in new rules
- Airwallex to launch full product suite in Malaysia
- Singapore's Nxera, Telekom Malaysia complete phase one of 280MW Johor data center
India Developments
- India working on incentives for critical minerals processing
- RBI to classify NBFCs with $10.8B in assets as upper layer companies
- Drug regulatory authority eases approval requirements, timelines by 50%
- Govt establishes $1.2B Startup India Fund of Funds 2.0
- Tata gets $510M UK govt funding for Somerset EV battery plant
