EHang conducts first eVTOL test flight in Abu Dhabi, while Saudi foreign workforce reached 13.6M in 2024
Here’s a look at today's biggest tech stories in the MENA+:
- EHang conducts first eVTOL test flight in Abu Dhabi
- G42 sets up Europe subsidiary headquartered in London
- Binghatti Holding sets up $1B asset management firm in DIFC
- Dubai AI Campus, DGHR target training 10,000 workers in AI by 2030
- Govt expects to achieve $1.1T trade target early, as non-oil trade grows 18.6% in Q1
- Foreign workforce reached 13.6M in 2024, up 33% since 2019
- Companies to submit financial statements by end-June
- Monsha'at leads group of five potential unicorns at VivaTech Paris
- Saudi Arabia raised oil production before Israel’s attack on Iran
- Almarai plans $277M Pure Beverages buyout
- Govt mobilized $15.6B in concessional development finance for private sector since 2020
- Shahid, e& partner to deliver premium streaming offering to Egyptian customers
- Greece, UK advise shipping firms to avoid sailing through Gulf of Aden
- $2.1B investment guarantee mechanism with EU launches
- Egypt, Scatec sign signs financial closure deal for 1GW solar plant
- Pakistan launches new pharma export council
- PM pushes finalization of draft Electric Vehicles Policy
- Senate Standing Committee approves e-commerce taxes, mandates registration
- Ministers meet MicroStrategy cofounder to discuss role of Bitcoin in sovereign reserves
- OPPO launches first flagship store
Other MENA+ Developments
- Meituan's Keeta app to launch in Kuwait
- Qatar reports 110% surge in FDI last year to hit $2.7B
- Naver, Nvidia to develop 500MW Morocco AI data center
- Middle East airspace shuts as Israel, Iran escalate conflict
- ADNOC's XRG leads consortium bidding $5.8B for Australian energy firm Santos
Southeast Asia Developments
- Singapore raises antitrust concerns over Agoda search and booking features
- Hong Kong exchange targets second listings from Middle East, Southeast Asian firms
- Vingroup EV taxi service GSM expands to Philippines
- US pushing Vietnam to decouple from Chinese tech in exports to US
- Malaysia says $10B committed to upgrading grid, supporting AI, energy trade
India Developments
- India considers easing EV rules amidst Chinese curbs in rare earths
- Rapido suspends Karnataka bike taxis with court directive
- Govt plans stricter rules for online medicine platforms
- Startups call for higher thresholds under Draft Digital Competition Bill
- RBI to tighten rules for overseas remittances by resident Indians
