New UAE regulations to boost FDI in 2022, more Saudi family businesses plan listings
Here’s a look at today's biggest tech stories in the MENA+:
- New regulations to boost FDI in 2022
- Dubai’s Kitopi targets Singapore and Malaysia expansion
- Cabinet approves Labour Relations Law
- UAE foreign capital inflow reached $46.4B in 2021
- UAE bank deposits record 80% growth in 10 years
- More Saudi family businesses plan listings as stock market booms
- WB predicts Saudi growth of 4.9%
- Formula E, Jahez Group in 3-year partnership with Diriyah E-Prix
- Saudi Arabia well-positioned to disrupt mining sector
- NEOM's green hydrogen project to be ready in 2025
- Suez Canal revenues expected to hit $7B by EOY
- Egypt to only run gas-powered, electric buses within 5 years
- COP President visits Egypt, UAE for global climate action
- Egypt tries to ban mahraganat
- Egypt to invest $1.91B in public sector oil companies
- Remittance inflows to reach record $32B in 2022
- New policy offers foreign investors permanent residency
- FIA to ask PTA to block crypto portals
- Only 20% of retail sales come under tax net
- 2 social media cos registered by PTA
Other MENA+ Developments
- Lebanese central bank to bolster slumping currency
- New 5G framework unveiled by OIC-CERT working group
- Qatar’s private sector exports record 85% YoY growth
- MoroccoTech initiative to boost digital sector
- UAE’s $100M investment in Israel’s tech sector signals deepening ties
Southeast Asia Developments
- Telenor to sell Wave Money stake in $53M deal to exit Myanmar
- Thailand records smallest e-commerce growth in second half of 2021
- Indonesian fintech startup Akulaku mulls $2B SPAC merger
- Vietnam’s traditional gaming players turn to blockchain
- Malaysian telecom SPAC files for $100M Nasdaq listing