Ride-hailing app Bolt goes live in partnership with Dubai Taxi, while KSA to launch 2 multi-billion dollar tech firms by 2025
Here’s a look at today's biggest tech stories in the MENA+:
- Ride-hailing app Bolt goes live in partnership with Dubai Taxi
- Noon on track to be largest delivery company in UAE
- UAE's first digital bank Mbank launches Jaywan cards
- Abu Dhabi Investment Group to invest $100B in Brazil projects, including tech, manufacturing
- Saudi Crown Prince visits UAE for the first time in three years
- Govt to launch 2 multi-billion dollar tech firms by 2025
- PIF-owned Neo Space to acquire Airbus' UP42 Earth observation digital platform
- Airbus inaugurates Riyadh regional headquarters
- PIF tells some portfolio companies to cut 2025 budgets
- Aramco finalizes acquisition of 10% stake in Renault-Geely JV Horse Powertrain
- CBE to create fund to finance manufacturing
- Kuwait extends $2B deposit for another year
- Fawry's BNPL offering reaches $540M, 750k transactions since launch this year
- CBE joins Afreximbank's pan-African payments system
- Govt finalizing draft law for special economic zones
- Inflation down to lowest in over 6 years
- PTA delays imposition of ban on unregistered VPNs
- IT sector suffering losses of over $1M per hour on internet shutdowns
- New Cybercrime bill proposes formation of authority for social media oversight
- Punjab announces E-Taxi Scheme in green push
Other MENA+ Developments
- Qatar to invest $1.3B in UK climatetech, collaborate on programs
- Zain finalizes acquisition of tower company IHS in Kuwait
- Qatar Central Bank issues digital bank regulatory framework
- Desertification COP opens in Riyadh with $2B funding secured
- Saudi Arabia secures over 900 sponsorships for 2034 World Cup
Southeast Asia Developments
- Indonesia expects Apple to commit $1B amidst iPhone 16 sales ban
- Apple Pay, Google Pay seek to boost presence in Philippines
- Coinbase to expand Southeast Asia business with baht, peso stablecoins
- Penang opens new tech park to expand chip manufacturing ecosystem
- Philippines central bank considers granting more than 4 planned digital bank licenses
India Developments
- Govt to announce expanded EV manufacturing incentive policy by March
- India signals stronger China business ties following resolution of border row
- 19 companies submit bids for AI mission GPU tender
- E-commerce sales during Black Friday weekend up 17-18%
- PhonePe stops integrations with third-party payment aggregators
