CBUAE develops sovereign financial cloud platform, KSA non-oil exports up 18.6% in Q4, DoorDash exits Qatar, Philippines eases minimum free float for big IPOs, India and Canada to ink AI and research deals
Here’s a look at today's biggest tech stories in the MENA+:
- CBUAE, Core42 working on world’s first sovereign financial cloud platform
- Edge, EM&E Group to localize $1.5B pipeline of weapons production
- US government praises G42 efforts to secure advanced AI chips
- Philippines, UAE central banks partner on on Islamic finance, cross-border payments
- Etihad Rail announces key features of passenger service
- King Saud University, SparkLabs launch university-based tech fund
- CMA launches consultation on framework simplifying Tadawul subsidiary listings
- Non-oil exports up 18.6% in Q4, driven by re-exports
- Climeworks to develop on direct air capture demonstrator plant in Jubail
- National Competitiveness Center merges with Saudi Business Center
- Egypt expands types of businesses eligible for special tax incentives
- Egypt emerges as Zoho’s fastest growing market at 57% CAGR
- Emirates NBD launches Apple Pay payments in Egypt
- Information Minister calls for ban on mobile phones in Egyptian schools
- Upcoming high-speed rail to provide land link between Red, Mediterranean seas
- Senate Committee approves Virtual Assets Bill
- Govt to end preference for state-owned firms in public contracts by June
- National Assembly asks MoF to redraft Export Import Bank of Pakistan
- Pakistan targets $2.5B in phone exports by 2033
- PM launches Public Sector Development Programme data portal
Other MENA+ Developments
- DoorDash exits Qatar, Singapore citing competition, low margins
- Lucid to expand into Qatar, open more Middle East showrooms this year
- AeroVecto, LYNEports partner to use AI digital twin platform for vertiport planning
- Beyon to develop $2.8B fiber network covering 90% of Kuwait
- BENEFIT launches digital direct debit via BenefitPay
Southeast Asia Developments
- Ant, CIMB partner on Malaysia cross-border payments
- Tencent to expand Amaze's Thai live ecommerce offerings
- Bank of Thailand tightens rules for online gold trading platforms
- Bank Indonesia asks Apple to enable QRIS Tap feature on iPhones
- Philippine SEC lowers minimum free float for big IPOs
India Developments
- Zoho, Equinix partner to build more data centers in UAE, KSA, South Africa
- Xiaomi challenges tax tribunal over $72M royalty payments
- Industry executives highlight gap in India chip manufacturing, equipment capabilities
- France's Worldline to sell Indian payment business to BillDesk for $70M
- India, Canada to sign AI, research deals during Mark Carney visit
