ADGM launches consultation on draft regulations for stablecoins, while Saudi Cabinet ratifies key deals with UK, Malaysia, Jordan
Here’s a look at today's biggest tech stories in the MENA+:
- ADGM launches consultation on draft regulations for stablecoins
- UAE banks consider bid for HSBC’s South Africa unit
- Abu Dhabi Blockchain Center, Gate Ventures announce $100M Web3 fund
- Magellan Capital to launch $700M hedge fund
- Dubai eyes more Chinese investment in greentech, AI
- Saudi Arabia seeks more FDI from Asia and Europe
- PIF eyes shift from global investments to domestic growth
- Cabinet ratifies key deals with UK, Malaysia, Jordan
- New Saudi Investment Law set to enhance US ties
- Saudi Cultural Development Fund to launch new financing solutions
- CBE may ease import restrictions on non-essential goods
- Egypt, EU ink $8.9M agreement to bolster industrial sector
- Inflation continues to decline on lower food prices
- Historic Cairo renovations launched in revitalization push
- ADTIC raises hotel investment portfolio to $194M
- Air Link, Acer announce partnership for laptops, tablets assembly
- Slowing internet continues to fuel firewall fears
- Fintech PostEx raises fresh funds for KSA, UAE expansion
- UAE delegation explores further investments
- High Court orders response from PTA, MoITT on firewall claims
Other MENA+ Developments
- Bahrain set to get boost from GCC’s unified land transport law
- Kuwait Finance House offloads $351M stake in Sharjah Islamic Bank
- Stanchart sees Qatar doubling economy by 2031
- Qatar Airways buys 25% stake in South Africa’s Airlink
- Oman Investment Authority backs Spanish digital acceleration firm
Southeast Asia Developments
- VCs see decline in number of funds closed amid headwinds
- 5 consortiums eye Thailand digital bank licenses
- Thailand’s PTT to ramp up expansion of EV charging services
- Indonesian digital banks face expansion challenges despite growth potential
- India and Malaysia to boost ties with enhanced trade
India Developments
- CCI raises concerns on Disney-Reliance $8.5B merger
- DPIIT calls for distinction between online games of skill and chance
- Foreign funds boost local presence to tap maturing deal landscape
- New subsea cable projects set to boost digital connectivity
- Commerce minister flags concerns on rapid e-commerce growth
