ADIA becomes anchor investor in India’s Premier Energies, while the Saudi MCIT launches AI training program
Here’s a look at today's biggest tech stories in the MENA+:
- Mubadala invests in UCB Pharma’s China unit
- India’s Adani sets up new power company
- Zimbabwe seeks key role as UAE bolsters food security
- UAE, Vietnam seek to boost trade and investment ties
- ADIA becomes anchor investor in India’s Premier Energies
- Kingdom on track to reach $24B FDI target this year
- MCIT launches AI training program
- PIF’s Savvy Games, Xsolla to set up gaming hub
- Al Majed Oud’s $188M IPO fully subscribed within hours
- Saudi Arabia improves 1 place to 15th globally for container handling
- IMF eases conditions for $8B funding deal
- GAFI forms committee to set out national investment roadmap
- Ericsson, e& Egypt ink deal to bolster ICT infrastructure
- Egypt, Singapore further cooperation on tourism, archaeology
- Entrepreneurship sector saw $2B in FDI over 9 years
- KSA eyes 15% stake in Reko Diq project
- Some SOEs, non-strategic ministries to be privatized or closed
- Rights group calls for transparency on internet disruptions
- Saudi, UAE delegates attend Pakistan's largest tech festival
- Starlink, other broadband companies aim to start operations
Other MENA+ Developments
- Gulf family offices launch $200M Waad Investment
- Libya’s eastern government to shut all oilfields
- Kuwait’s Burgan Bank set to acquire Bahrain’s UGB
- Tunisia president cites national security over major cabinet reshuffle
- Ooredoo successfully conducts 5.5G trial in Oman
Southeast Asia Developments
- Indonesia plans new election rules following protests
- Singapore, India eye semiconductors, advanced manufacturing cooperation
- Philippines welcomes new neobanks amid existing challenges
- Tech group calls on Malaysia to halt social media licensing plan
- Cybersecurity Act 2024 comes into force in Malaysia
