UAE sets new Emiratization target for the insurance sector, while Saudi Crown Prince declines invitation to G7 Summit in Canada
Here’s a look at today's biggest tech stories in the MENA+:
- First-ever machine economy freezone to be established
- Adnoc exploring acquisition of BP’s key assets
- Govt sets new Emiratization target for the insurance sector
- Pakistani PM in UAE for talks to boost economic ties
- Creative Media Authority, NG9 Holding to boost film and TV production
- OpenAI explored fundraise with PIF, India's Reliance, UAE's MGX
- ACWA Power eyes $5B investment in Uzbekistan
- E-commerce sales with Mada cards surge 57% in April
- Crown Prince declines invitation to G7 Summit in Canada
- New MEDEX shipping service added to Jeddah Port to boost connectivity
- AfDB to back Africa’s largest solar and battery project
- Telecom Egypt inks deal for subsea cable linking Africa, Asia, Europe
- Egypt to get 19K more hotel rooms this year as demand rises
- Foreign trade hits $64.9B in H1 led by the US
- New healthcare investments targeted under 10-year plan
- Remittances rise 29% YoY in first 11 months to hit $35B
- SECP reports record number of company registrations in May
- FBR seeks to expand retail, digital tax monitoring
- SBP announces National Digital Payments Infrastructure upgrade
- 15% boost in oil refining capacity targeted by 2027
Other MENA+ Developments
- Coursera sees UAE leading region as AI learning surges
- Bahrain cracks down on misuse of Tamkeen support programs
- Kuwait unveils new rules for mobile and virtual telecom providers
- Qatar inaugurates world’s largest 3D printed construction project
- Syrian residents now able to access Binance crypto services
Southeast Asia Developments
- SEA sees influx of Chinese exports amid US tariffs
- Automaker Chery eyes $1.5B Hong Kong IPO next quarter
- Gojek partners Green SM to offer electric taxi services
- Unlicensed crypto exchanges to exit Singapore following MAS warning
- LG Electronics looks to scale back production in tariff-hit Vietnam
