CBUAE injects $8.4B into domestic banking system, Saudi PIF may take $5B stake in SpaceX IPO, Qatar rolls out cloud privacy assessment tool, Indonesia completes capital market reforms, India AI startup Sarvam nears unicorn status
Here’s a look at today's biggest tech stories in the MENA+:
- CBUAE injects $8.4B into domestic banking system
- Du Pay, GCash partner to boost adoption of UAE-Philippines digital transfers
- Dubai Chamber of Digital Economy ramps up consultations with tech firms
- TII launches new compact multimodal model Falcon Perception
- Majid Al Futtaim, Dubai SME partner on new Ma'an SME accelerator
- SpaceX in discussions with PIF for $5B stake in planned IPO
- Lucid says Saudi plant to be main manufacturing facility for mid-size EVs
- CMA approves regulations allowing SPACs on Nomu parallel market
- Gulf countries studying new pipelines, expansion of Saudi East-West pipeline
- OPEC+ expected to weigh further output hike this weekend
- Egypt brings forward 45% renewables share target to 2028 from 2030
- Cabinet says internet services will remain unaffected by power-saving efforts
- Russia floats idea of new energy, grain hub partnership
- MIDAR, Gruppo GKSD plan $692M Cairo integrated medical hub
- EGAS, Arcius sign $500M Harmattan gas field partnership
- Pakistan to continue easing control over currency market
- YouTubers with 50,000 subscribers to be classified as businesses, pay income tax under draft framework
- PTA releases anti-DDoS guidelines, to standardize ISP responses
- SECP partners Askari Bank, NayaPay to streamline corporate bank account openings
- NBP launches WhatsApp banking service
Other MENA+ Developments
- UK among 40 countries discussing joint action to reopen Strait of Hormuz
- Loan loss provisions in GCC banks expected to exceed $11B by 2027
- Presight AI partners Burkina Faso, Ivory Coast, Gabon to roll out AI-enabled public systems
- Kuwait warns firms over wage delays amidst conflict
- Qatar rolls out cloud privacy assessment tool
Southeast Asia Developments
- Data Center operator AirTrunk in discussions with banks for $1.5B Singapore REIT IPO
- Battery-swapping e-scooter firm Gogoro plans Ho Chi Minh pilot
- Indonesia says market reforms requested by index providers completed
- BYD reassesses Malaysia plant amidst localization, export-driven rules
- Singapore elevates national EV charging standard to support safer charging
India Developments
- Govt considers cutting import duties, curbing exports over supply concerns
- Emirates NBD obtains RBI nod for RBL Bank acquisition
- Homegrown AI startup Sarvam nears unicorn status with new fundraising round
- Samsung expands India innovation campus
- Airtel subscribers grow to 650M, becoming world’s second largest operator
