CBUAE, digital payments firm Mercury form financial market infra JV, while Syria adopts Saudi-developed agreement to protect foreign investors
Here’s a look at today's biggest tech stories in the MENA+:
- CBUAE, digital payments firm Mercury form financial market infra JV
- AD Ports opens first international office in China
- Masdar City companies can now own freehold land plots in Dubai
- Dubai scientists publish first Arab genome database
- New bankruptcy court set to make UAE more attractive to foreign firms
- Saudi Arabia tops Arab world in work-life balance ranking
- SAMI signs tech transfer deals with Turkish firms to localize land systems manufacturing
- Al-Ansar, Al-Kholood, and Al-Zulfi football clubs to be privatized
- Syria adopts Saudi-developed agreement to protect foreign investors
- E-ticketing growth expected to slow as mass entertainment market matures
- Govt targets 2028 activation of first nuclear reactor
- Kibing to invest $685M in developing Egypt’s largest solar panel factory
- Suez Canal revenues, food and energy security continue to hit Egyptian economy
- Remittances rose nearly 70% in last 10 months to record $32.8B
- BP to inject new investments in Egypt natural gas development
- S&P raises Pakistan's sovereign credit rating to ‘B-’
- Punjab to roll out EV taxi scheme in August
- Govt expected to approve AI policy soon
- New Central Asia-Pakistan rail plan faces financing challenges
- BYD says Pakistan sales exceeding internal targets by 30%
Other MENA+ Developments
- Morocco allocates $3.7B to airport upgrading plan
- Iraq begins work on first large scale desalination plant with $4B JV
- Al Mahhar Holding acquires Gulf Automation System
- ITHCA, Amazon invest in US chip tech firm Lumotive
- Iraq approves gold city project
Southeast Asia Developments
- Indonesia to pave way for unrestricted data transfers to US servers in trade deal
- Vietnam introduces draft Cybersecurity Law requiring telcos to block, remove illegal content in 24 hours
- Chinese EV maker Neta faces backlash over failing to meet Thai local production requirements
- Philippines secures $21B in US investment pledges during Marcos-Trump meeting
- VinFast partners 12 banks to boost financing for EV adoption
India Developments
- Commerce Minister confident that India to get special treatment in trade deal
- Jio Financial targets asset management, insurance JVs following regulatory approvals
- Electronics Component Manufacturing Scheme deadline to be extended beyond July
- SEBI approves PhysicsWallah's draft IPO papers
- SoftBank-backed InMobi plans $1B India IPO
