UAE's IHC sets up $27B holding company 2PointZero, while KSA's Aramco, China's Rongsheng seek stakes in each other's units
Here’s a look at today's biggest tech stories in the MENA+:
- IHC sets up $27B holding company 2PointZero
- New Emiratization rule takes effect for midsize firms
- AD Ports unit completes acquisition of APM Terminals Castellon
- Abu Dhabi to host flagship event for SAVI cluster
- Mubadala, ADIA, ADQ total investments hit $36.5B
- Aramco, China's Rongsheng seek stakes in each other's units
- KSA eyes first financial center with unified policies
- Construction of Second Aseer Industrial City begins
- Mawani bolsters logistics sector with $3B projects
- Hong Kong’s Regal Hotels partners MISA for Mideast push
- 6 companies seek licenses to establish data centers
- $12B FDI inflows targeted in FY2023/24
- Abu Dhabi Tourism Investment to invest over $170M in 3 hotels
- House gives final approval for green hydrogren incentives
- Hapag-Lloyd to suspend Suez Canal operations for another week
- Exports hit 18-month high in December
- SIMs, mobile phones of non tax-filers to be blocked
- Loan limits tightened for online lending apps
- Pakistan to ink MoU with UAE on digital govt exchange
- SECP announces app for stock market surveillance
Other MENA+ Developments
- Investcorp unit to acquire German HR tech startup Veda
- Bahrain launches household income and expenditure survey
- Deliveroo expands food delivery services in Kuwait
- Invest Qatar partners Microsoft to launch Azure OpenAI-powered chatbot
- Turkey investigates Apple for major iOS security flaw
Southeast Asia Developments
- Alibaba's Lazada lays off staff in Singapore office
- Indonesian VC firms eye foodtech startups amid food security concerns
- Indonesia inflation reaches 20-year low
- Philippines targets exit from FATF grey list this month
- PLDT, GIC-KKR boost investments in Philippines’ Voyager Innovations
