Dubai’s Shuaa Capital eyes more partnerships to pare losses, while Saudi Arabia plans new road code for self-driving vehicles
Here’s a look at today's biggest tech stories in the MENA+:
- Abu Dhabi expands activities under freelancer license
- Dubai’s Shuaa Capital eyes more partnerships to pare losses
- Hypermarket operator LuLu launches India’s UPI payments
- New corporate tax rules drive SME digitization
- DFM, Shenzhen Stock Exchange to boost cooperation
- Digital Experience Maturity Index reaches 85%
- More global firms qualify for govt contracts after setting up regional HQs
- PIF partners football governing body Concacaf
- New investment law expected to come into force next year
- Govt developing road code for self-driving vehicles
- TSFE chief steps down as privatization push hits snags
- National Strategy for Low-Carbon Hydrogen announced
- Cabinet approves plan to boost wind energy capacity
- 5% of 2024 new hotel rooms target reached in H1
- Egypt has 2nd most affordable broadband in Africa
- Freelancers, IT sector hit as internet speeds slow 30-40%
- Internet firewall may lead to $300M economic losses, says P@SHA
- ADM Group plans $250M investment in EV manufacturing
- 4 new tech zones established; $350M annual exports targeted
- Debt-to-GDP ratio declines to 70% in 6-year low
Other MENA+ Developments
- Egypt’s Fawry eyes Saudi expansion by end-2024
- AD Ports’ unit Noatum expands to Egypt via Safina acquisition
- Oman to roll out unified open data platform by end-2024
- Oman ramps up efforts to ban single-use plastics
- China’s BTR to establish $366M battery plant in Morocco
Southeast Asia Developments
- Thai ruling coalition to nominate leader for prime minister
- Singapore’s DBS to expand Middle East footprint
- Singapore launches consultation on AI systems guidelines
- Grab eyes partnerships, new offerings to sustain growth
- Philippine cenbank slashes policy rate for 1st time since 2020
