Mubadala to push ahead with Getir restructuring, while over $28B worth of deals inked at Future Minerals Forum
Here’s a look at today's biggest tech stories in the MENA+:
- Mubadala to push ahead with Getir restructuring
- RedBird Capital may seek to buy Telegraph stake independently of IMI
- UAE, Russia near Double Taxation Avoidance Agreement
- Dubai Islamic Bank boosts stake in Turkey's T.O.M. Group
- Dubai allows some property owners to convert to freehold
- Copper producer Codelco exploring Saudi investment
- Riyadh Air pushes back launch to Q3 amidst aircraft delivery delays
- Over $28B worth of deals inked at Future Minerals Forum
- 81% of children play non-age suitable computer games
- Saudi corporate lending growth reaches 2-year high
- NTRA launches WiFi calling services today
- Remittances up 84.4% in Q1 FY25 to reach $8.3B
- Simplified tax system for SMEs, entrepreneurs to come soon
- Industrial sector grows on rising exports of energy-intensive commodities
- Bolt plans ride-hailing expansion push over next 3 years
- Pakistan to implement WEF’s Digital FDI Initiative
- Monthly IT exports reached record $348M in December
- Short-term inflation eases to 6.5-year low
- First locally-developed satellite launched from China
- Govt in final stages of concluding Reko Diq deal with KSA
Other MENA+ Developments
- Zara operator Azadea Group explores IPO
- Businesses see continued Red Sea trade route risks despite ceasefire
- Gulf IPO proceeds up 23% to reach $13.2B in 2024
- KKR, Gulf Data Hub plan $5B investment to boost data center capacity
- Burgan Bank inks $190M deal to buy Bahrain's United Gulf Bank
Southeast Asia Developments
- Chinese firms including BYD, Haier boost presence in Thailand
- Thailand to launch crypto sandbox in Phuket in October
- Indonesia startup funding slumps for 11 straight quarters
- KKR seeks to sell over 20% stake in Philippine fintech Maya
- Vietnam to require local offices under draft e-commerce law
India Developments
- Bajaj Finance partners Bharti Airtel to establish fintech platform
- Paytm Cloud to establish UAE, KSA, Singapore subsidiaries
- Ride-hailing platform Rapido eyes expansion to 500 cities, up from 120
- Oyo seeks to file for IPO by Q1, marking 3rd attempt
- AI-powered logistics startup Netradyne becomes 1st unicorn of the year
