UAE-India FTA to be finalized soon, while Saudi PIF targets $10B in stock purchases this year
Here’s a look at today's biggest tech stories in the MENA+:
- RTA forum studies regulation of passenger autonomous air vehicles
- Half of consumers, majority of SMEs plan to go cashless
- ENEC to produce 85% of Abu Dhabi clean electricity
- DEWA’s nanosatellite to launch with SpaceX tomorrow
- UAE-India FTA to be finalized soon
- PIF to buy $10B in stocks this year
- Lucid to set up EV factory in Saudi Arabia by 2026
- Saudi rail network size to triple
- Saudi Arabia targets $3T of investments over next 9 years
- Saudi Aramco to buy stake in PKN Orlen
- Over $382B spent to fight poverty in Egypt since 2015
- Local version of UN youth empowerment initiative launched
- Suez Canal aims for 15% share of global energy trade by 2040
- EGX signs off on Macro Group’s IPO
- NTRA issues IoT services regulatory framework
- Pakistan needs $6B fiber internet investment
- First-ever e-commerce policy approved
- Cnergyico to become largest fuel retailer in Pakistan
- Govt, SBP propose banning cryptocurrency
- Science, Technology & Innovation Policy 2021 approved
Other MENA+ Developments
- Over 60% of MENA digital workers actively job hunting
- APICORP, IsDB's $1B fund to support Arab energy transition
- Google accelerator program announces 11 MENA startups
- Largest robotic sorting center in ME opens in Israel
- Oman, Britain sign Sovereign Investment Partnership deal
Southeast Asia Developments
- Telehouse to open Bangkok’s first data center
- New crypto rules allow MAS to streamline Singapore industry
- Airwallex launches in Singapore, targets SEA expansion
- Vietnam’s tech M&As tripled in value in 2021
- Malaysia to introduce 2 initiatives to boost digital economy
