ADIG and China’s Hainan province to form joint investment development fund, while Saudi energy ministry partners Hyundai to boost sustainable mobility
Here’s a look at today's biggest tech stories in the MENA+:
- Microsoft to be main tenant at du’s $544M hyperscale data center
- e& enterprise partners LifeBot for telemedicine services
- ADIG, China’s Hainan province to form joint investment development fund
- Fintech market seen growing to hit $6.4B by 2030
- Merchant acquisition market reaches $150B payment volume in 2024
- F&B players become latest Saudi firms to plan local IPOs
- Saudi Arabia, India to boost energy, tourism, tech ties
- Energy ministry partners Hyundai to boost sustainable mobility
- Businesses tap solar power amid energy subsidies cuts
- NEOM’s acting CEO to take on permanent position
- IMF boosts growth outlook despite regional downgrade
- Outsourcing firm Intelcia sets up new regional HQ
- Arab Contractors to partner China’s CSCEC for Africa projects
- Mapei Group launches 30,000 sqm construction chemicals plant
- Microsoft to train 100,000 youth, public sector employees in AI
- Pakistan, China seek to boost 5G, AI, data center cooperation
- ASEAN-Pakistan Tech Cooperation Forum, Startup Bridge to be launched
- JS Bank, Instant Cash introduce 1st door-to-door remittance service
- Drone-based surveillance system rolled out to tackle industrial pollution
- Pakistan reaffirms commitment to reforms under IMF bailout
Other MENA+ Developments
- Kingdom leads regional venture capital funding in Q1
- Trump plans talks in Saudi Arabia, UAE, Qatar next month
- Private sector investment in Oman’s economic zones rises to $5B in 2024
- Iran to offer major investment opportunities if nuclear deal can be struck
- Al Futtaim sees lack of professionals impacting growth of AI-driven personalization in retail
Southeast Asia Developments
- Foodpanda to cease delivery services in Thailand next month
- Thailand plans Foreign Business Act amendments to ease investments
- US raises concerns on counterfeits in Indonesia’s e-commerce sector
- Singapore’s core inflation eases to lowest in 4 years in March
- Philippines’ Globe bets on GCash, data centers for growth
