Circle gets UAE ADGM license, Khazna plans Saudi data centers, BlackRock seeks Gulf SWF partners, Malaysia launches stablecoin, Amazon to invest $35B in India
Here’s a look at today's biggest tech stories in the MENA+:
- Mercedes Benz, China's Momenta partner Lumo to launch Level 4 robotaxis in January
- Gulf Capital plans fourth fund next year
- Circle Internet gets ADGM financial services permission license
- Interactive Brokers becomes ADX's latest broker partner
- Presight, HSBC partner to deploy AI solutions in finance
- New beneficial ownership rules approved
- King Salman Energy Park launches EV charger manufacturing plant
- G42-owned Khazna to develop 200MW of data centers in Saudi Arabia
- Wall Street analysts expect deficit to be wider than 3.3% predicted by Saudi govt
- India Accelerator, partners NTDP to support Indian startups in Saudi Arabia
- Govt aims to invest $60B by adding 23 GW of electricity by 2030
- EDF Power Solutions buys stake in Scatec’s 1.1-GW hybrid project
- ETA launches public consultation on second package of tax facilitation measures
- Egypt targets debt-to-GDP ratio of 80% by 2026
- Israel set to approve $35B gas export deal with Egypt
- PTA unveils 15-Year VPN licensing framework
- NA Committee calls for reduction in smartphone taxes
- NayaPay launches QR payments partnership with Alipay+ for use in over 50 countries
- Aik by BankIslami, State Bank partner on digital payments training in rural areas
- US' Datarocx, Pakistan's Data Vault partner to develop locally hosted cloud services
Other MENA+ Developments
- BlackRock looking for GCC SWF partnerships in India, Asia
- Brookfield, QIA AI firm Qai launch $20B Qatar AI infra JV
- India, Oman expected to sign trade agreement next week
- UK’s Gemcorp Capital, Angola’s SWF unveil $500M African infra fund
- Helios, Fipar form Morocco digital infra platform 3MDC
Southeast Asia Developments
- Airwallex acquires licensed Indonesian payments provider Skye Sab
- Malaysia king’s son launches MYR stablecoin
- Malaysia offers high-tech activities, rare earth development eligible for incentives
- Ho Chi Minh City international financial center opens this week
- US says Indonesia trade deal on brink of collapse
India Developments
- Amazon unveils $35B investment commitment
- Microsoft unveils $18.5B 4-year plan, targets 2026 opening for Hyderabad data center
- Govt panel proposes requiring AI firms to pay content creators share of revenue
- Bharti Airtel's Indus Towers to use UAE as base to expand into Africa
- JioHotstar plans to invest $444M in South Indian content
