AI may drive more investment in UAE utility companies, while Agthia enters KSA with $24M manufacturing plant
Here’s a look at today's biggest tech stories in the MENA+:
- AI may drive more investment in utility companies
- Dubai Holding buys controlling stake in BioD Technology
- Yango introduces new public transport service in Dubai
- Gulf Islamic Investments gets $100M boost from Saudi investors
- Sharjah starts work on largest solar plant
- UAE’s Agthia makes Saudi entry with $24M manufacturing plant
- Aramco Digital partners World Wide Technology to boost AI infrastructure
- Kingdom raises over $12B from Aramco share sale
- KSA sees 2nd highest daily video game playtime globally
- Aramco to raise $3B from 1st dollar bond sale in 3 years
- IMF postpones meeting to disburse $820M tranche
- Egyptian, Emirati firms partner to launch $500M Nile project
- $9B outsourcing services exports targeted by 2026
- Cabinet approves $200M worth of oil and gas deals
- Swvl inks $6.3M deal with e& Egypt
- Govt eyes incentives to boost mobile phone exports
- Rising militant violence threatens Chinese investments
- Remittance inflows up 10.7% in FY24 driven by Mideast
- Rooftop solar market thrives amid power crisis
- Govt surveillance of calls, messages spark privacy concerns
Other MENA+ Developments
- Jordan unveils 1st fully electric vehicle charging station
- Payment security among top priorities for e-commerce consumers
- Economic diversification boosts Gulf’s appeal as FDI destination
- India’s Nykaa sets up Qatar subsidiary, plans 70 GCC stores
- Japan, Arab League explore enhanced economic ties
Southeast Asia Developments
- Hong Kong sets out plan to regulate ride-hailing platforms
- Indonesia’s President considers postponing new capital move
- Singapore approves edible insects to bolster food security
- Vietnam lifts foreign ownership caps for cloud, data center market
- Malaysia to become BRICS partner while membership pends
