UAE to get first EV battery recycling plant, Saudi PIF preps for share sales, regional bank BBK integrates Binance crypto, Thailand approves 7 data center projects, India to proceed with Apple antitrust case
Here’s a look at today's biggest tech stories in the MENA+:
- NMC Healthcare not actively seeking sale despite interest
- Comera Pay, AFS partner on UAE digital payments solution
- Alterra partners Spain's BBVA to launch $1.2B ADGM climate co-investment vehicle
- Beeah, India's Lohum partner to develop UAE's first EV battery recycling plant
- UAE's G42, Damac studying Philippines data center investments
- Lucid to begin full-scale EV manufacturing locally this year
- US' Critical Metals plans refinery deal with Saudi firm to refine Greenland rare earths
- Arab Energy Fund takes minority stake in major private energy provider APSCO
- SNB joins slew of local banks seeking Asian liquidity
- PIF plans as many as eight IPOs this year
- Maersk reinstates Middle East Container Line service via Suez Canal
- RCST opens Egypt's first semi-automated container terminal in Sokhna Port
- Egypt sees highest tax income in 20 years
- NBE offers short-term financing to fintech Valu
- Startup funding up 51% to hit $614M in 2025
- SBP enables exchange companies to adopt Raast for home remittances
- Govt plans national AI readiness assessment
- Planning minister says exports must double to $60B to avoid return to IMF funding
- Jazz deploys Pakistan's first 1.2Tbps per wavelength capacity with Huawei partnership
- Homegrown game developer Game District reaches 2.2B downloads
Other MENA+ Developments
- Jadwa Investment rolls out flagship $200M GCC diversified private credit fund
- DP World watching for Venezuela investment opportunities following Maduro capture
- Qatar's Estithmar to take major stakes in Syrian banks
- BBK becomes first GCC Bank to integrate Binance crypto as a service offering
- Khazaen Economic City adds new Gulf Pharmaceutical Industries pharma project
Southeast Asia Developments
- Philippines joins Malaysia, Indonesia in immediately blocking Grok access
- Indonesia boosts industrial tax compliance as fiscal deficit widens
- TNG partners Ant International's EPOS to launch EPOS360 eWallet mini program
- VinFast launches first battery-swappable e-bikes
- Thailand approves seven new data center projects worth $2.7B
India Developments
- SEBI to reduce IPO float requirement for large companies
- India tells Apple it will proceed with antitrust case
- Cars24 plans IPO within next 12 months
- India still awaiting details on US' tariff threat against Iran partners
- Govt asks state-owned lenders to standardize digital process for sanctioning MSME loans
