UAE's ADGM launches consultation on amendments to expand scope of its authority, while Saudi Arabia to launch national media strategy
Here’s a look at today's biggest tech stories in the MENA+:
- ADGM launches consultation on amendments to expand scope of its authority
- Dubai Land Department opens applications for real estate accelerator
- Hexnode launches UAE data center to support regional data residency requirements
- Media Council mandates advertiser licensing for creators generating promotional content
- KKR-backed IVI-RMA Global acquires Art Fertility
- Saudi Arabia to launch national media strategy
- Azad Properties partners Apparel Group for new retail concepts
- Largest pension fund Hassana Investment plans leadership overhaul
- Jahez, ROSHN partner on autonomous vehicle delivery services
- CMA issued 25 licenses for new capital market institutions in 2024
- Net FDI inflows reached $9B in H1, driven by Saudi, UAE, Qatar investors
- PM aims to attract major EV, battery manufacturers in localization push
- PayTabs users can now use Contact Financial BNPL services to finance purchases
- Egypt ranks 3rd in MENA construction market with $565.5B pipeline
- 53% of merchants have implemented digital payments in last two years
- Federal cabinet approves National AI Policy
- Pakistan, US strike tariff deal, to partner on oil reserves development
- FBR scraps 5% digital tax on foreign firms
- Govt to support fast-tracking of crypto adoption among banks, forex firms
- Pakistan successfully launches Remote Sensing Satellite to support urban planning, precision agriculture
Other MENA+ Developments
- GMG partners Amazon to enhance regional ecommerce experience
- Action Energy plans rare IPO in Kuwait
- Google announces $37M funding to boost AI development in Africa
- Ooredoo completes Middle East's first trial of Huawei's 5G dualband Meta AAU
- Ajman Bank, MENSA Technologies partner to deliver Wage Protection System services regionally
Southeast Asia Developments
- Thailand adjusts EV incentive policy to provide more flexibility to meet production requirements
- Grab to pilot Philippines drone delivery service
- Singapore ranks second globally in AI readiness, lagging only US
- Thailand to spend $770M on AI development, with nine centers of excellence
- US reaches trade deals with Thailand, Cambodia
