ADGM’s FSRA implements updated digital asset rules, while Saudi Arabia inks deals with logistics players Maersk, Panattoni, JD Property
Here’s a look at today's biggest tech stories in the MENA+:
- UAE set to be taken off EU’s money laundering risk list
- ADGM sees strong pipeline of new firms for 2025
- ADGM’s FSRA implements updated digital asset rules
- Khazna Data Centers partners NVIDIA to build AI factories in region
- UAE Lottery announces digital gaming deal with EQL Games
- Kingdom inks deals with logistics players Maersk, Panattoni, JD Property
- Insurance market seen to consolidate amid regulatory push
- Industrial growth up 3.1% on manufacturing, mining boost
- SEA Expo sees slew of new entertainment sector partnerships
- Banks’ assets up 7.4% YoY to hit $1.4T in April
- Ministry launches study to facilitate investment in Africa
- World Bank cuts 2024 growth forecast to 2.4%
- Vodafone, e&, Orange, Telecom Egypt launch 5G services
- New investment plan seeks to attract 30M tourists by 2031
- Egypt moves towards liberalization of energy market
- New tax policy planned for e-commerce platforms
- Finance Bill 2025-26 unveiled with major tax measures
- Critics question prioritization of subsidized electricity rates for BTC miners
- ICT exports hit $2.8B while telecom users reach nearly 200M
- Debt servicing to account for nearly half of federal budget in FY26
Other MENA+ Developments
- Trade uncertainties may slow Middle East M&A activity
- 5 of the region’s 7 unicorn startups are in the UAE
- DHL plans over $570M investments to expand regional footprint
- $10.5B in new India-Saudi, India-UAE power lines to be built
- Qatar’s Islamic finance sector expands 4.1% YoY to reach $187B
Southeast Asia Developments
- Govts plan economic stimulus packages to tackle tariff threats
- Thailand eyes more investment incentive packages to boost EV sector
- Thailand plans new AI-driven data system to tackle online fraud
- Singapore-based Jetstar Asia to shut down amid rising costs
- Qualcomm sets up 1st regional AI R&D center in Vietnam
India Developments
- Q-commerce firms’ dark stores face govt scrutiny amid food safety issues
- Hyperlocal warehousing demand surges amid q-commerce boom
- Pine Labs to file for IPO by end of month
- India and US see interim trade deal progress after concluding latest talks
- Govt eyes revival of state-run telecom operator MTNL
