UAE leads globally in 5G speed, while Saudi Arabia tightens conditions for tech deals with Chinese firms
Here’s a look at today's biggest tech stories in the MENA+:
- UAE could exit FATF graylist this week
- UAE leads globally in 5G speed
- UAE Carbon Alliance to buy African carbon credits worth $450M by 2030
- Use of digital signatures surges 216%
- Virtual kitchen startup The Cloud buys UK’s KBOX
- KSA continues to lead MENA for e-government services
- PIF buys 40% stake in local offshore support company Zamil
- Kingdom tightens conditions for tech deals with Chinese firms
- 1st AI-powered satellite imagery company established
- 2024 IPO momentum continues with 56 companies in pipeline
- National Dialogue to discuss new tax policy strategy
- Govt launches Blue Economy Roadmap, targets tourism
- BP plans $1.5B investment in oil exploration over next few years
- Suez Canal revenue down 40-50% on Red Sea attacks
- Value of M&A deals down 62% to $3.48B in 2023
- Political uncertainty threatens new IMF deal, says Fitch
- Independent candidates backed by Khan to join minority Sunni party
- X restored after nationwide suspension amid protests
- FDI outflow reaches 5-year high
- Political deadlock continues as coalition talks inconclusive
Other MENA+ Developments
- Value of Arab insurance market hits $40.9B
- Qatar cenbank set to introduce instant payment service next month
- Oman to invest $38M in AI projects under new growth strategy
- Turkish Parliament seeks to amend Personal Data Protection Law
- Jordan launches consultation on draft Personal Data Protection Law
Southeast Asia Developments
- Thai govt urged to integrate informal economy to boost recovery
- Retail lenders avoid Indonesia’s P2P platforms amid crisis
- Indonesian antitrust body launches investigation into Shopee
- Singapore digital wealth platforms gain AUM, await profitability
- Singapore’s PSA, Saudi PIF eye Riyadh IPO for ports JV
