ETCC to reduce Nafis salary support for UAE nationals, Saudi space economy to grow 4x by 2035, Qatar cuts state spending and overseas aid, Vietnam proposes 30% income tax cut, India notifies $6.5B Mobile Phone Manufacturing Scheme
Here’s a look at today's biggest tech stories in the MENA+:
- Abu Dhabi exploring joint AI lab with US institutions for water, power solutions
- ETCC to reduce Nafis salary support for UAE nationals
- Abu Dhabi’s Orbitworks sells Altair satellite capacity to French space agency CNES
- UAE-Russia trade deal comes into effect
- AI system launched to combat misinformation
- Space economy on track to quadruple to $31.6B by 2035
- Saudi Arabia signs 2GW in battery storage deals worth $1.2B
- Study conducted on effect of Snapchat use on anxiety and depression
- Saudi Arabia holds talks with brokers over state-backed war insurance scheme
- Maaden obtains $1B in international financing
- CBE approves eKYC regulations to allow remote banking services
- EGX to waive administrative fees for first 20 firms seeking initial listing on SME market
- Egypt maintains S&P emerging market status
- ADNOC Drilling targets expansion with fresh state partnerships
- Investment risk rating falls to lowest since 2014
- Pakistan officially opens virtual asset licensing process
- Govt finalizing regulatory framework for satellite-based communications services
- Telecom firms investing $178.6M in 5G rollout
- Sindh govt, Zong to collaborate on AI-ready Tier-III data center
- Govt partners Google to boost digital transformation, AI adoption
Other MENA+ Developments
- Tony Robbins’ Breakthrough to make GCC debut in Dubai in 2027
- Qatar cuts state spending, overseas aid
- Binance halts transactions with 17 crypto platforms
- Oman foreign minister, Pakistan army chief to visit Tehran for talks
- Shukria, Mastercard announce collaboration on commercial payments
Southeast Asia Developments
- Vietnam proposes 30% cut in personal, corporate income taxes
- Indonesia, China agree to deepen digital, AI cooperation
- DayOne acquires $153M Malaysia data center site following $5B IPO filing
- Maybank carries out Malaysia’s first tokenized supply chain financing deal
- Notebook brands return from Southeast Asia to China amidst substitute tariffs, higher costs
India Developments
- MeitY notifies $6.5B Mobile Phone Manufacturing Scheme
- Sebi plans stricter ad norms for online bond platforms
- India negotiating FTAs with 8-9 more blocs making up 75% of global trade
- India, China in talks to accelerate business visas
- Chip market to reach $155B by 2031, making up 9% of global consumption
