Circle says UAE helped US regulators frame digital asset policy, while
Here’s a look at today's biggest tech stories in the MENA+:
- Circle says UAE helped US regulators frame digital asset policy
- GCC investments drive Turkish data center developments
- Dubai clean energy share hits 21.5% with solar park expansion
- Coursera finds UAE GenAI enrollments up 344% YoY
- Mubadala-owned Strata designs advanced radar systems' antenna panel for Thales
- Wipro opens regional HQ, plans center of excellence with PMU
- Crown Prince gets invitation to G7 summit in Canada
- Saudi tech event LEAP to host Hong Kong edition in July
- Saudi Arabia lags UAE data center pipeline in race for AI leadership
- Naver completes digital twin platform for Makkah, Madinah, Jeddah
- Red Sea traffic up 60% from August 2024 low to half of pre-Gaza war levels
- Remittances from overseas Egyptians up 83% in 9M FY, to make up 8% of GDP
- Tax revenues up 38% in last 10 months despite no additional burdens
- Govt looking to finalize LNG agreements in preparation for summer demand surge
- Egypt awards Acciona O&M contract for MEA's largest wastewater treatment plant
- IT exports hit $2.8B, as 1,900 startups complete training at National Incubation Centers
- Govt expected to present 6.7% smaller budget
- Inflation projected at 4.5-5% in FY2025
- Importers face dollar shortage as price hikes exceed official exchange rates
- New 'Digital Presence' Proceeds Levy Act to tax digitally ordered goods, services at 5%
Other MENA+ Developments
- Top solar manufacturers to open Middle East plants, in pivot from East Asia
- Syria to be fully reconnected to SWIFT in 'weeks’
- Gulf banks ramp up credit offerings to retake share from BNPL fintechs
- Bahrain, Oman sign SME sector development deal
- Omani eVTOL startup AeroVecto partners Romanian vertiport developer for flying car network
Southeast Asia Developments
- Grab says not in talks to acquire GoTo
- VinFast deliveries jump 300% in Q1, to offer e-buses
- Malaysia to impose 5-10% sales tax on non-essential, luxury goods
- WeRide among bidders to operate Singapore autonomous public bus trial
- Tokopedia say mandatory TikTok Shop linkup creating operational challenges
India Developments
- Meesho converts to public limited status ahead of IPO
- Tata Motors to invest up to $4B over 5 years, expanding EV offerings
- Micron, Aequs chip SEZ proposals get approval
- SEBI tightens ESG debt regulations, begins requiring 3rd party certification
- Andhra Pradesh, Nvidia sign MoU to establish AI University
