Masdar buys $887M stake in Spanish renewables firm, while plans are announced for Greece-Saudi subsea cable system
Here’s a look at today's biggest tech stories in the MENA+:
- Masdar buys $887M invests $887M stake in Endesa renewables portfolio
- UAE, China to enhance energy, industry cooperation with new deals
- Adia to sell $400M stake in Indian infrastructure investor
- Dubai Sustainable City trials autonomous deliveries
- Number of Chinese companies joining DMCC up 9% in H1
- Plans announced for Greece-Saudi subsea cable system
- NEOM makes progress on transportation infrastructure
- Kingdom seeks greater mining, industrial cooperation with Brazil
- flynas makes order for 160 Airbus planes
- Baosteel boosts investment in Saudi venture by 2x to $1B
- Fitch says GCC banks seeking to diversify into Egypt, international markets
- Elaraby Group inks $50M manufacturing deal with Japan's Sharp
- Govt hikes public transportation fares by 10-15%
- GUPCO plans $226M investments in new oil wells
- Electrical capacity to get boost with $700M renewable energy projects
- Imported mobile phones subjected to 25% tax under updated rules
- Pakistan, KSA boost IT and cybersecurity cooperation
- Major road network to facilitate trade with China, Central Asia
- Data protection bill needs to be finalized next month
- Wafi Energy Holding to boost stake in Shell Pakistan
Other MENA+ Developments
- Middle East gains as China, US race for clean energy
- Fintech leads SEA startups operating in Middle East
- Gulf investors boost European assets amid scrutiny
- Bahrain ramps up efforts to raise industrial sector's GDP contribution
- Morocco surpasses South Africa as Africa's leading car producer
Southeast Asia Developments
- Indonesia mulls proposals for establishment of 7 new SEZs
- Singapore, EU agree on landmark Digital Trade Agreement
- Grab scraps plans to acquire Singapore taxi operator following anti-competition pushback
- Vietnam plans to set up international financial centers
- Carsome to choose Malaysia over US for IPO within 2 years
