UAE's ADGM announces reduced fees for commercial licences, while govt support, investor influx drive growth in Saudi VC ecosystem
Here’s a look at today's biggest tech stories in the MENA+:
- ADGM announces reduced fees for commercial licences
- India, Pakistan, Egypt lead foreign businesses joining Dubai Chamber
- Huawei partners EESF to promote esports and mobile gaming
- SpaceX pushes back launch of Space42’s Thuraya 4 mission
- GDP seen surpassing $462.8B for the first time
- Govt support, investor influx drive growth in VC ecosystem
- Private sector wages rise 45% in 2024
- Savola Group sells Iran business in $188M deal
- Final IPOs of 2024 see strong retail demand
- Aman Holding, Jarir form $26.66M consumer finance JV
- 9 golden licenses issued for strategic investment projects
- NTRA clarifies 1 tax-exempt phone per individual under new rules
- MSMEDA eyes 2x funding for MSMEs in 2025
- Food industry exports surge 17% to hit $5.5B in 2024
- Cabinet unveils $591M plan to boost industrial sector
- Pharma sector grows 21.8% despite economic challenges
- Govt fails to amend Sovereign Wealth Fund Act ahead of IMF deadline
- SIFC approves plan to bolster Special Economic Zones
- Submarine cable fault disrupts internet connectivity
- VEON provides $15M boost for Mobilink Bank’s digital expansion
Other MENA+ Developments
- Bahrain stock exchange introduces trading incentive scheme
- Jordan announces Blockchain Technology Policy to enhance services
- Qatar’s AI market expected to hit $565M in 2025
- Oman to establish ‘Net Zero Center’ to drive 2050 goals
- Messaging, video platform Tango becomes latest app to be banned in Turkiye
Southeast Asia Developments
- Thailand eyes more investments in 5 core sectors including EV, AI
- Thailand to develop AI security guidelines by August
- Indonesia’s new BNPL rules set to include age, income criteria
- Philippines launches consultation on draft crypto services rules
- WeChat, TikTok secure Malaysia licenses under new social media law
