UAE introduces traffic law covering EVs, autonomous vehicles, while world's largest carbon capture hub completes feasibility analysis
Here’s a look at today's biggest tech stories in the MENA+:
- UAE introduces traffic law covering EVs, autonomous vehicles
- Cabinet approves AI ethics charter
- Emaar named "big" investor in Indonesia's new capital city
- Abu Dhabi, Bermuda to cooperate on digital asset regulation, supervision
- Sultan Al Jaber elected Chairman of Presight AI, ADNOC-G42 JV AIQ
- World's largest carbon capture hub completes feasibility analysis
- Saudi royal joins consortium to buy Premier League club Everton
- Saudi Arabia ranks 5th globally for reduction in manufacturing, construction emissions
- Govt ramps up debt issuance to fund economic diversification
- Acwa Power plans $1.9B stock sale as share price surges
- Inflation cools to lowest in over a year, down to 28% in May
- MDP to increase Egypt production of smart cards by 20%
- UAE's BHM Capital plans Egypt expansion as govt floats EGP
- Volvo to launch EVs for Egyptian market
- Economic metrics improve amidst EGP devaluation, historic reduction in bread subsidies
- Pakistan among worst countries for air pollution deaths
- SBP cuts interest rates for first time in 4 years
- Govt to retain 18% GST rate
- PM finishes China tour without new investment deals
- Govt to privatize around 24 SOEs in coming years to cut losses
Other MENA+ Developments
- Abu Dhabi ranks as MENA's fastest-growing startup ecosystem from 2021-2023
- Kuehne + Nagel to complete Dubai South e-commerce hub by Q2 2025
- Dubai, Abu Dhabi race to become region's family office capital
- ADNOC Drilling JV to buy $270M stake in US' Gordon Technologies
- Abu Dhabi utility Taqa drops deal to buy Spain's Naturgy
Southeast Asia Developments
- Foxconn to manufacture 5G equipment for Nokia in Vietnam
- Indonesian fintech Julo to expand digital bank business
- Region's patchwork approach to AI policy adds to business uncertainty
- GCash selected as Philippine govt's national digital ID pilot partner
- Indonesia's Telkom sets target for 500MW data center capacity by 2030
