Presight AI, Dow Jones Factiva to develop AI-powered risk tools for finance, while Adnoc Distribution to accelerate Saudi expansion next year
Here’s a look at today's biggest tech stories in the MENA+:
- Presight AI, Dow Jones Factiva to develop AI-powered risk tools for finance
- TII to get access to high-fidelity quantum systems in new Quantinuum partnership
- Dubai's Mall of the Emirates, City Centres to launch virtual worlds on Roblox
- UAE expands role in global rare earths supply chain
- Over half of UAE residents found to be polite during AI interactions
- Adnoc Distribution to accelerate Saudi expansion next year
- Saudi Arabia tops regional IPO pipeline with 10 listings in H2
- Amazon, Esports World Cup partner to boost viewing, e-commerce experience
- Industrial output expands 7.9% in June on manufacturing rebound
- SAIP warns against sharing literary work without author’s consent
- FRA aims to align digital, legislative infrastructure with global standards
- Forsa to offer BNPL services through Fawry’s POS machines
- Al-Sisi seeks roadmap to drive media sector development
- Urban inflation cools 1% to 13.9%
- Uptown 6 October, Fawry partner to offer digital payments for real estate transactions
- Govt begins work on national agri stack to digitalize agriculture funding
- Govt to develop roadmap to support increased IT exports target
- Local e-commerce association seeks tax relief to promote fair competition with international marketplaces
- Commerce Minister optimistic about new US investment in minerals following tariff agreement
- Inaugural AI policy targets creation of 3M jobs by 2030
Other MENA+ Developments
- 14 IPOs raised $2.5B in the second quarter of 2025
- Visa selects four fintechs in Egypt, Morocco for Africa accelerator
- ACWA Power strikes $3.3B Kuwait power deal, adding to rapid global expansion
- XRG gets two week due diligence extension for Santos acquisition
- Regional startup funding up over 2x YoY to hit $783M in July
Southeast Asia Developments
- Indonesian EV battery industry increasingly dependent on CATL, other Chinese investors
- Social commerce contributes $42B to e-commerce market
- Korea, Vietnam aim to double trade to $150B by 2030 amidst US tariffs
- Shopee transitions to community delivery model to boost last-mile efficiency
- Singapore’s Ninja Van in talks for funding round that will halve valuation
India Developments
- E-commerce players prepare for busiest festive season in years, with projections of 15-20% volume increase
- Chinese maker invests in Tata's EV battery arm
- RBI surveys reveal increasing rural resilience, urban hesitation in spending
- Modi govt continues to take defiance approach to Trump tariff threat
- Kerala's startup sector posts 20% growth
