UAE retail investors bet on AI as interest in Big Tech declines, while Saudi-focused ETFs make Chinese debut as ties grow
Here’s a look at today's biggest tech stories in the MENA+:
- Retail investors bet on AI as interest in Big Tech declines
- Most POS terminals, ATMs to be ready for Jaywan by end-Aug
- US trailer lessor raises $600M led by Mubadala, QIA
- Abu Dhabi forms Smart and Autonomous Systems Council
- Aldar partners DP World to develop Dubai logistics park
- Saudi-focused ETFs make Chinese debut as ties grow
- KSA comes in 2nd among G20 in ICT development
- PIF, China’s Envision near deal for renewables pus
- stc may consider bid for Vodafone Portugal
- 5 new investment projects set to boost food security
- Telecom Egypt partners Nokia to launch 5G services
- Egypt-KSA electrical interconnection to begin operations next July
- e& Egypt to raise local investments by 40% this year
- B2B e-commerce MaxAB, Kenya’s Wasoko to merge soon
- Govt sees power cuts ending in 6 months
- Govt seeks to ban Imran Khan’s PTI party
- Import tariffs rationalization to help meet $60B export target
- Pakistan appoints chief for national anti-money laundering body
- PSX rallies to new high on $7B IMF deal
- Microfinance banks see more borrowers than traditional banks
Other MENA+ Developments
- Employees see upskilling as key to keep up with rise of AI
- Iran’s president-elect to prioritize bolstering Gulf ties
- Jordan announces 5-year National Cyber Security Strategy
- Oman pushes ahead with development of new economic, free zones
- Oman sets out localization targets for ICT, transport, logistics sectors
Southeast Asia Developments
- TikTok emerging as key e-commerce player amid 4x GMV growth
- 100 business partnerships forged at Thai-Saudi investment roadshow
- Thai food delivery apps face challenges amid fierce competition
- Indonesia, South Korea to expand cross-border payments
- Philippines eyes top 3 in internet connectivity within region by 2028
