UAE's du launches first sovereign hyperscale cloud platform, while Saudi quick delivery firm Ninja turns unicorn
Here’s a look at today's biggest tech stories in the MENA+:
- du launches first sovereign hyperscale cloud platform
- Trump family-linked crypto miner Hut 8 to open DIFC office
- Trump tariffs could accelerate UAE’s push for more CEPAs
- Shoppers expected to favour social media over traditional e-commerce by 2030
- Núafeeds launches food waste to animal feed facility
- Quick delivery firm Ninja turns unicorn, plans IPO by 2027
- Ericsson sets up regional HQ in Riyadh
- NTDP draws Eygpt’s leading tech startups with $430M in capital
- Riyad Bank subsidiary Riyad Capital files for IPO
- Govt aproves rules for industrial activities outside designated zones
- IMF considering delaying loan disbursements due to slow progress on structural reforms
- Afreximbank JV launches 1st Pan-African card scheme PAPSSCARD
- Engie completes mega wind farm, eyes MENA renewables push
- Suez Canal activity continues to decline with 23.1% YoY in Q3
- Telecom Egypt completes subsea cable landings connecting Southeast Asia, Middle East, Europe
- Gulf ferry service planned to enhance regional trade, connectivity
- 5G auction nears as IT Ministry requests Auction Advisory Committee meeting
- PSX proposes regulatory amendments for IPOs, REITs, GEM Board
- Govt meets banking, insurance industry to discuss $350M National EV Policy subsidy
- Govt targets 18% tax-to-GDP ratio by 2027-28
Other MENA+ Developments
- Luxury sector upbeat on regional growth despite conflict
- Oman to introduce e-invoicing next year to speed up tax payments
- Kuwait introduces global minimum tax on MNC, expects $820M revenue
- Iraq to open Chinese-built airport this year as part of "oil for infrastructure" deal
- Aramco, Adnoc slow acquisition spree amidst lower oil prices
Southeast Asia Developments
- Alibaba Cloud plans Malaysia, Philippines data centres
- Malaysia securities commission proposes streamlining digital asset listing rules
- E-scooter operators Neuron Mobility, Beam sign merger deal
- Vietnam’s FPT partners audax to expand APAC, Mideast digital banking footprint
- Proptech Hotel101 to list on Nasdaq in first for a Philippine company
India Developments
- Quad countries launch critical minerals initiative to diversify from China
- UAE's Emirates NBD studying stake in RBL Bank
- Indian govt allows use of private two-wheelers as bike taxis
- Attorney General to assess DPDP bill impact on right to information
- X wants to scrap IT Act provision backing takedown orders
