Fintech Quantix granted CBUAE’s Finance Company Licence, while Riyad Bank launches first AI center in banking sector
Here’s a look at today's biggest tech stories in the MENA+:
- Games of the Future to be held in Dubai next year
- Mubadala-backed Fortress invests in British microchip firm
- SCA announces rules for special purpose vehicles
- Fintech Quantix granted CBUAE’s finance company license
- Borouge bullish on China despite ongoing manufacturing slowdown
- Regional HQ initiative continues to drive Riyadh office demand
- Commerce Ministry eyes new laws for consumer protection, transactions
- DCO holds emergency meeting to discuss global tech outage
- Riyad Bank launches first AI center in banking sector
- Non-oil exports reached highest in 2 years in May
- Dubai’s Dragon Oil announces AI project for oil fields development
- Egypt allocates $1B initiative to grow hotel sector
- Govt to raise fuel prices for subsidy phase-out by end-2025
- Govt eyes global partner for Cairo International Financial Center
- Egypt, Saudi Arabia strike electrical interconnection agreement
- 5G spectrum auction expected next March
- IT Ministry plans new rules to boost locally-made tech products
- Digital visa initiative set to boost investment, tourism
- PTA trials firewall to monitor social media
- Govt to support ‘Made in Pakistan’ tech products with new legislation
Other MENA+ Developments
- Bahrain’s video game market growth fastest in Gulf behind KSA
- Kuwait sees budget deficit in FY24 amid oil production cuts
- Over 5M to vote in Jordan’s parliamentary elections in Sep
- Oman to start banning plastic bag imports from Sept
- LG Energy Solution considers setting up Morocco EV battery plant
Southeast Asia Developments
- TikTok expands services in Indonesia in e-commerce push
- Indonesia introduces Golden Visa scheme to woo foreign investors
- Singapore announces trade and investment initiative under PPP
- BYD takes EV sales lead over Tesla in Singapore
- Malaysia raises concerns on rising cybercrime on social media
