Abu Dhabi National Hotels plans catering unit IPO, while NASA boosts space cooperation with Saudi Space Agency
Here’s a look at today's biggest tech stories in the MENA+:
- Abu Dhabi National Hotels plans catering unit IPO
- Eos-X Space to operate space flights from Abu Dhabi next year
- Abu Dhabi GDP up 3.3% YoY to reach $78B in Q1
- UAE, Ethiopia ink $817M currency swap deal
- Muller & Phipps buys Power League Gaming
- NASA, Saudi Space Agency to boost space cooperation
- PIF forms 3 JVs for local renewables push
- Spanish firm inks $84M deal with Neom for water recycling plant
- China solar firms to build plants worth $3B
- KAUST to develop 6G tech under new programs
- SCA to list affiliate company on EGX by early 2025
- IMF cuts GDP growth outlook for FY24, FY25
- ICT sector to account for 8% of GDP by 2030
- Suez Canal revenues down 23% YoY
- Digital exports up 26% to hit $6.2B last year
- IMF maintains GDP growth outlook at 3.5% for FY25
- E2W brand partners Chinese startup to launch solar e-bikes
- Moody’s sees IMF deal enhancing funding prospects
- Mobile phone, internet services disrupted amid Ashura processions
- Govt pushes ahead with 5G spectrum auction
Other MENA+ Developments
- China's solar industry turns to region to navigate trade barriers
- Goldman Sachs may set up Mideast-focused fund after BlackRock, Investcorp
- MENA among fastest growing markets for digital ad spend
- KSA sees biggest GDP outlook cut as IMF lowers regional forecast
- Jordan announces entrepreneurship initiative to support 100 startups
Southeast Asia Developments
- Hong Kong trials GenAI tool as OpenAI limits access
- Singapore seeks to attract more semiconductor firms to tap AI boom
- Philippine e-commerce platforms start imposing withholding tax on sellers
- Philippines among emerging markets pushing CBDCs
- Malaysia emerges as bright spot for M&As as volume up 87%
