UAE's DP World to build two Fujairah terminals bypassing Hormuz, KSA and US sign civilian nuclear deal, Morocco to finalize crypto regulations, Singapore tightens cybersecurity requirements, US-India trade deal expected to be signed in 3-4 months
Here’s a look at today's biggest tech stories in the MENA+:
- MoHRE introduces Tabby instalments for fees, fines
- DP World to build two Fujairah terminals bypassing Strait of Hormuz
- ZainTECH, Nile partner to offer Network-as-a-Service solutions
- Financial services hiring recovers despite regional instability
- Tether Gold gets ADGM regulatory recognition
- Saudi Arabia, US sign landmark civilian nuclear deal
- Flynas expands fleet with 25 additional Airbus aircraft
- Saudi Arabia becomes only Gulf stock market to post increase in foreign buying in Q2
- GACA, Vertical Aerospace partner to develop Advanced Air Mobility regulatory, operational environment
- ACP, beOnd partner to boost direct Europe-Red Sea air links
- 850K people taken off food subsidy scheme
- Egypt in discussions for LNG supply deal amidst domestic production struggles
- Bank NXT, EFG Hermes unveil Egypt’s first bank-brokerage co-branded card
- FRA denies reports of shutting down loan apps
- Samsung says used phone imports undermine domestic manufacturing potential
- US, Pakistan to finalize strategic, financial framework by Sept
- PM unveils Pakistan Venture Fund, Spark and Elevate emerging tech program
- S&P raises Pakistan sovereign rating to 'B' on improved institutional capacity
- FDI reaches lowest since 2023, as businesses cite tax uncertainty
- Business confidence index improves substantially in Q2
Other MENA+ Developments
- JPMorgan to open Iraq outpost to support US corporate clients
- Oman allows renewable energy producers to sell directly to large commercial users
- Orange Money, MEICO partner to develop insurtech offerings
- CMA CGM imposes emergency surcharge on Hormuz escalation
- Moroccan central bank working to finalize crypto regulations
Southeast Asia Developments
- Thai cyber agency to introduce guidelines for IoT data sovereignty
- Singapore science agency, CuspAI launch AI materials partnership
- Singapore tightens mandatory cybersecurity requirements
- Philippines warns companies deploying third-party AI of liability under Data Privacy Act
- Foxconn to enter EV market as Vietnam subsidiary moves to make charging equipment
India Developments
- Govt identifies 20 indigenous sovereign AI models for support
- HCLTech expected to build first India data center in Odisha
- US official says India trade deal could be signed in 3-4 months
- India, Myanmar plan closer rare earth mining ties in diversification push
- Trump's generic drug tariff to hit Indian pharma
