MGX plans $8-10B in AI investment annually, while SDAIA launches consultation on ammendments to data proection law's implementing regulations
Here’s a look at today's biggest tech stories in the MENA+:
- MGX plans $8-10B in AI investment annually, mostly in the US
- IHC, ADQ, FAB to back national stablecoin launch
- Etihad ready for IPO, but says decision still depends on shareholders
- Du partners FreeMove Alliance to boost global connectivity
- 2026 mandatory e-invoicing to cut processing costs by over 60%
- Aramco unit inks deal with China’s Sinopec for $4B JV
- FDI inflows drop for 3rd straight year to lowest since 2020
- SDAIA launches consultation on ammendments to data proection law's implementing regulations
- Executive regulations of Investment Law get minister approval
- UAE’s Khazna eyes Saudi data center expansion
- China’s Xin Feng begins construction of $1.7B industrial complex
- UN commission finds Egypt among 6 Arab countries vulnerable to tariff fallout
- Education Ministry announces Phase 2 of ‘Be Ready’ initiative
- Egypt, KSA boost strengthen industrial cooperation with new initiatives
- Govt sees Ras El Hekma as blueprint for creditor-debtor state partnerships
- Govt to expand use of digital wallets nationwide
- Pakistan’s solar push sidelines struggling middle class
- Starlink’s satellite internet launch hit by further licensing delays
- New security strategy approved to protect CPEC investments
- IM Motors officially launches EVs
Other MENA+ Developments
- Animoca to back UAE startups in Mideast debut
- Deliveroo announces leadership reshuffle for regional operations
- New-gen Gulf heirs shift from traditional businesses to investing
- Kuwait arrests crypto miners in latest crackdown
- Morocco faces internet disruption after Spain power outage
Southeast Asia Developments
- Indonesia’s wealth fund Danantara to soon hit $1T AUM
- Philippines expected to reach upper mid-income status by 2027
- Vietnam finalizes push for long-delayed international financial center
- Malaysia to delay sales and service tax hike amid tariff impact
- Malaysian state Negeri Sembilan gains ground as data center hub
India Developments
- New UPI players Super.Money, Navi, Cred gain momentum
- Advertising Standards Council of India amends influencer guidelines
- Urban Company files for IPO despite market volatility
- Dixon, Foxconn eye investments under new electronics PLI scheme
- RBI makes PRAVAAH portal compulsory for all regulated entities
