ADQ eyes $1B stake in Australian asset manager Plenary Group, while UBS gets approval to set up Saudi branch
Here’s a look at today's biggest tech stories in the MENA+:
- Al Etihad Payments partners G42 unit to create Open Finance
- Retail sector to hit $75B by 2028 driven by e-commerce
- ADQ eyes $1B stake in Australian asset manager Plenary Group
- Shell, TotalEnergies seek stakes in Adnoc’s Ruwais LNG plant
- Network International gets CBUAE Stored Value Facility license
- Low-cost carrier Flynas targets IPO this year
- Modon sees surge in food companies amid localization push
- Saudi, UAE retail remain resilient despite geopolitical challenges
- Water company Miahona set to list on Tawadul
- UBS gets approval to set up local branch
- Govt seeks to boost industrial output by 20% annually
- B Investments buys stake in Orascom Financial Holding
- Foreign currency to be secured to boost strategic reserves
- Fujairah, BPGIC study Egypt oil products free zone
- Govt earmarks $840M for stimulus in budget
- Saudi Arabia plans $5B investment to bolster economy
- Business portal to be set up under digital economy initiative
- Hutchison Ports unveils $1B ports uplift plan
- PSX reaches record high as investor sentiment improves
- Shanghai Electric withdraws offer for K-Electric stake
Other MENA+ Developments
- ADQ, Oman Investment Authority announce $180M tech fund
- Lebanon faces energy sector funding woes amid economic crisis
- Bahrain, Hong Kong commerce chambers ink MoU to boost trade
- OQ, TotalEnergies to establish LNG hub in Oman
- New Chinese models to drive region's EV sales
Southeast Asia Developments
- Philippines’ GoTyme Bank to enter Vietnam, Indonesia this year
- Philippine SEC asks Google, Apple app stores to remove Binance
- Vietnam's FPT to tap Nvidia chips for $200M AI factory
- Thunes acquires US gaming payments provider Tilia
- Ant International to build Malaysia digital hub
