UAE-UK FTA nears agreement, while SME borrowing in KSA increases by 884%
Here’s a look at today's biggest tech stories in the MENA+:
- UAE-UK FTA nears agreement
- Multiply Group to invest $845M of IPO proceeds
- Electric VTOL car tested in Dubai
- DEWA’s nanosatellite successfully launched
- New rain projects to use AI, machine learning
- SME borrowing increases by 884%
- Almarai acquires Bakemart in UAE, Bahrain for $25.4M
- ACWA Power starts operation of largest-ever desalination plant
- Jubail, Ras Al Khair contribute 4.5% of non-oil GDP
- Minister says environmental protection key for investments
- Final recommendations announced for WYF
- MOIC held 14 multi-stakeholder platforms in past 2 years
- Pharmaceutical exports reach 35% in unprecedented growth
- 2 Egyptian startups named for Google Startups Accelerator
- Sisi says no obligatory track imposed on Egypt by IMF
- BEOE launches online portal for overseas job seekers
- 7th population, housing census to be conducted
- Mini-budget, other bills passed in National Assembly
- Climate change causing $3.8B annual loss
- 100 reforms implemented by BOI to facilitate SMEs
Other MENA+ Developments
- Middle East recovery to be driven by oil and tourism
- Iran to create international trade mechanism with crypto payments
- Bahrain launches 2022-2026 telecom, ICT, digital economy strategy
- Oman’s MTCIT launches 4-year digital transformation plan
- Lebanese telcos in crisis due to economic meltdown
Southeast Asia Developments
- UOB to buy Citi’s consumer biz in 4 SEA markets for $3.65B
- Shell to expand EV charging infrastructure in Malaysia, Singapore
- Thailand’s DITP partners Alibaba to launch SME upskilling program
- More Singapore-listed companies expand into digital assets
- Indonesia to see record number of unicorns in 2022
