Emirates NBD may buy controlling stake in Egypt’s Banque du Caire, while PIF invests $200M in globally listed Saudi-focused ETF
Here’s a look at today's biggest tech stories in the MENA+:
- EsportsXO partners AD Gaming to set up regional HQ
- Emirates NBD may buy controlling stake in Egypt’s Banque du Caire
- UAE to finalize trade deal with Malaysia next week
- Wealth funds seen to ramp up investments in private equity and credit markets
- ADIA consortium acquires 84.1% stake in Malaysia Airports
- PIF invests $200M in globally listed Saudi-focused ETF
- M&A approvals up 17.4% in 2024 to hit record high
- Kingdom leads VC investment in region with $746M deployed
- New petroleum law to pave way for energy sector framework
- 36,000 investment licenses issued since launch of Vision 2030
- Banking sector seen strengthening post-EGP float
- Govt to soon announce privatization timeline for 2025
- Banque Misr to expand footprint in MEA with new subsidiaries
- Egypt makes new archaeological discoveries in Luxor
- Govt to boost maritime transport, ports cooperation with Oman
- SECP launches consultation on stricter rules for listed companies
- WorldCall Telecom sets up CoE for AI and Big Data
- New PTA report says VPN use exacerbated internet slowdown
- Virtual Assets Bill 2025 introduced to regulate crypto sector
- Key Pakistan-China trade route reopened following protests
Other MENA+ Developments
- Orbit Startups, PIF’s Sanabil launch startup accelerator program
- GCC quick retail market to hit $15B amid growing competition
- Lebanese Parliament to elect president, ending 2-year vacuum
- Majid Al Futtaim replaces Carrefour with Hypermax in Oman
- Oman targets operational metro system by 2032
Southeast Asia Developments
- Amazon launches data center region in Thailand as part of $5B investment plan
- Thai AI association eyes 1000 local AI firms by 2028
- Indonesia says iPhone 16 sales still banned despite Apple investment
- Japan's NTT Docomo, NEC in JV to develop Indonesia communications network
- Kia set to launch 1st Singapore-made EV to take on Chinese brands
