NextGen FDI program onboards chipmaker Qualcomm, while Saudi bourse introduces new system to ease IPO process
Here’s a look at today's biggest tech stories in the MENA+:
- Etihad sees profit triple ahead of potential IPO this quarter
- NextGen FDI program onboards chipmaker Qualcomm
- Dubai’s Jebel Ali Port announces record cargo volumes since 2015
- Space42’s Mira Aerospace partners XRange for UAV trial hub
- DIFC set to issue licenses to 40 global hedge funds
- Saudi bourse introduces new system to ease IPO process
- Aramco enters Philippines with 25% stake in Unioil
- Saudi ride-sharing drivers bring in over $533M revenue last year
- Databricks plans $300M investment over next 5 years
- Sanofi opens first domestic insulin manufacturing facility
- Telecom Egypt, Orange Egypt ink deals to bolster telecom services
- Govt eyes 5-8% share of global green hydrogen market by 2040
- Mopco, ThyssenKrupp to develop Egypt’s 1st carbon capture project
- Industrial exports up 73.8% to reach $32.5B in FY24
- Red Sea crisis underscores crucial role of Suez Canal, says SCA
- Consultations being held on plans to regulate digital currencies
- Digital FDI Initiative to be launched in April
- Climate Accountability Bill 2024 sets out penalties for polluters
- Govt partners China to roll out AI-powered agritech app
- MoITT in talks with PayPal for market entry with SBP support
Other MENA+ Developments
- DCO inks agreements at 4th general assembly in Amman
- Snap Inc. to boost AR investment to support developers
- Gulf countries continue to top global internet penetration
- Tunisia’s energy sector sees 43% surge in foreign investment
- ADNOC Drilling to invest over $1B in 2025; eyes Oman, Kuwait entry
Southeast Asia Developments
- Thailand investment inflows to reach new highs for 2nd straight year
- Indonesia replaces controversial minister in surprise shake-up
- Indonesia's funding plan for new SWF Danantara faces backlash
- Singapore's Grab in talks to deploy autonomous vehicles
- Malaysia plans intelligence system to tackle personal data sales
India Developments
- Crypto exchange Kraken in discussions with govt to obtain approval for re-launch
- Qatar plans $10B investment in sectors including tech, logistics
- Trump raises US trade concerns amid Musk’s Tesla factory plans
- AI, quantum tech, digital manufacturing to drive India’s Mission 2047 goals
- Govt reportedly plans unified gaming regulatory framework
