ADNOC ICV program to provide $54.4B boost to UAE economy, while KSA faces challenging Q4 as FDI inflows slump in Q3
Here’s a look at today's biggest tech stories in the MENA+:
- ADNOC ICV program to provide $54.4B boost to economy
- Brazil seeks to finalize Mercosur-UAE deal in next few months
- Crypto.com partners Dubai Islamic Bank to expand presence
- Abu Dhabi announces incentives to boost film and TV productions
- Dubai set to host 3rd edition of 1 Billion Followers Summit
- Kingdom faces challenging Q4 as FDI inflows slump in Q3
- AI, enterprise software, SMEs gain investor interest
- Acwa Power makes China push with 1GW renewables portfolio
- Businesses’ operating revenues hit $1.4T in 2023
- Almoosa Health IPO’s retail offering over 5x oversubscribed
- PM seeks to accelerate government IPOs
- Huawei says better infra, more data centers needed for cloud services
- CBE extends fee exemption for InstaPay transfers
- Govt meets 98.5% of FY24 investment target
- New National Front Party launched ahead of elections
- 5-year National Economic Plan to be launched today
- Cabinet approves Reko Diq stake sale to Saudi Arabia
- Govt withdraws plans for new tax on banks’ profits amid backlash
- Pakistan sees 0.92% economic growth in Q1 FY25
- Govt to finalize privatization of 3 power distribution companies
Other MENA+ Developments
- Foodtech startup Calo raises $25M ahead of 2027 Saudi IPO
- 1st digital platform launched to implement aviation carbon offsetting
- Kuwait rolls out digital driving permits
- Sustainable finance surges in Qatar with $2.5B green bonds issued
- Oman to launch 2nd phase of single-use plastics ban from Jan
Southeast Asia Developments
- Indonesia, India eye state-backed funds to navigate risks
- Grab invests in Cambodian food delivery, ecommerce platform Nham24
- Philippine President approves record $109B 2025 budget
- Live commerce gains momentum in Vietnam as festive season nears
- More gig worker protections sought as Malaysia surpasses 3M workers
