UAE's SCA drafting regulations for carbon trading, fractional sukuk, while Aramco’s market value drops over $800M from 2022 peak
Here’s a look at today's biggest tech stories in the MENA+:
- SCA drafting regulations for carbon trading, fractional sukuk
- Public schools to introduce AI as core subject from kindergarten
- Mobile food delivery orders in UAE, KSA up 30% YoY in H1
- Dubai reaches 1,270 charging points, supporting over 40,600 EVs
- UAE PMI weakens to lowest in four years amid geopolitical tensions
- Aramco’s market value drops over $800M from 2022 peak
- Azm-NHC JV Wasl gets SAMA initial approval for digital brokerage activities
- Hyundai, Neom energy arm Enowa complete hydrogen mobility trial in Trojena
- $10B Neom-DSV logistics JV sees further delays amidst spending cuts
- Investcorp studies selling IT provider NourNet, leveraging demand for Saudi assets
- Mitsubishi Power completes landmark hydrogen conversion project
- 1st unit of Dabaa Nuclear Power Plant to be operational in 2028
- FRA says fintech key to boosting opportunities for diaspora to investing in Egypt
- e-finance subsidiary gets contract to build Egypt’s digital tax platform
- Employment rises for first time in 9 months, as PMI nears growth threshold
- Cabinet committee rejects Pakistan Railways-DP World deal, requesting local financing option
- Careem exits despite revolutionizing ride hailing market
- Pakistan to shift Ignite R&D funds into new National AI Fund
- Govt to launch National Super App and Web Portal to centralize services
- IT Minister says 5G launch delay due to PTCL-Telenor merger, litigation cases
Other MENA+ Developments
- Kuwait reportedly planning new SWF to invest $163.6B in major regional projects
- China-Arab trade grows 2.3% to $407B in 2024
- Gulf’s digital, AI push faces water scarcity challenges
- EdfaPay becomes first MENA firm to get all three PCI Mobile Payments Certifications
- Mumtalakat becomes anchor shareholder in Abu Dhabi's BlueFive Capital
Southeast Asia Developments
- Airtel's Xtelify signs platform adoption partnerships with Singtel, Globe Telecom
- Philippines SEC flags 10 unregistered Crypto Exchanges, to block websites
- Malaysia to spend $150B on US chip, data center, aerospace equipment in exchange for tariff deal
- Travel superapp Traveloka to offer more financial products to overcome weakening spending power
- Malaysian central bank launches consultation on AI adoption in financial sector
India Developments
- AI-induced job losses, reskilling, geopolitics among key talking points in govt IndiaAI report
- Digital payment firms, NPCI seek exemption from data protection law's consent clause
- Ant Group to exit remaining stake in Paytm
- SEBI proposes that low-value transactions between related parties do not need to be disclosed
- D2C brands line up to list on q-commerce platforms during festive season
