AI firm G42 to get $1.5B investment from Microsoft, while Spain boosts Telefonica stake to counter stc presence
Here’s a look at today's biggest tech stories in the MENA+:
- AI firm G42 to get $1.5B investment from Microsoft
- Spinneys to launch IPO next week amid Saudi expansion plans
- Adnoc exploring acquisition of Spain's energy company Naturgy
- Al Ansari Exchange links accounts to CBUAE's Aani app
- Hydrocarbon production to support dominance of thermal power until 2035
- World Bank boosts GDP growth outlook to 5.9% from 4.2%
- Budget Saudi acquires stake in Overseas Development
- Aramco, Hyundai inaugurate $2.3B gas plant
- Spain boosts Telefonica stake to counter stc control
- NEOM’s workforce expected to surpass 200K by next year
- CBE increases daily cash withdrawal limit
- 7 logistics corridors to be set up in regional hub push
- EU to fund 2 new solar power stations worth $20M
- National Telecom Regulatory Authority gets new CEO
- Debt demand jumps after $55B bailout
- New finance minister sees reforms taking 2-3 years
- Bank Alfalah to buy Samba stake from SNB
- Hybrid, EVs market sees entry of global players
- Brain drain worsens in past 2 years amid economic turmoil
- Pakistan stresses digital rights at UN digital platforms dialogue
Other MENA+ Developments
- Bahrain considers new national fund for SMEs
- Kuwait Emir names ex-oil minister as new PM
- Oman Broadband Company begins data center services
- Meta’s Threads to shut down in Turkey on data-sharing concerns
- GCC oil companies' capex to increase 5% YoY
Southeast Asia Developments
- Green investments falling short to meet emissions targets
- Hong Kong approves first bitcoin, ether spot ETFs
- Singapore set to get new Prime Minister on May 15
- Philippine cenbank says Peso under pressure from China tensions
- Apple to boost investment in Vietnam suppliers
