New EV charging manufacturer launched in the UAE, while Saudi Arabia reaches 67 BNPL providers
Here’s a look at today's biggest tech stories in the MENA+:
- BinHendi, Tellus Power, Sing Family Enterprise launch UAE EV charging manufacturer
- 13,000 millionaires moved to the UAE last year
- S&P projects fiscal surpluses until 2028 despite headwinds
- First phase of 'AI clusters' to come online by 2026
- Careem suspends Pakistan operations, citing macroeconomic conditions, competition
- Saudi Arabia reaches 67 BNPL providers as Madfu gets license
- Riyadh Air targets serving 100 cities by 2030
- Ikea franchisee Al Sulaiman Group acquires Taajeer Finance Company
- UAE, KSA accelerate China-made battery storage purchases, taking advantage of lower costs
- CMA approves 3 IPOs in a day, as momentum continues
- PM warns of tougher austerity if regional conflict worsens
- China's Sunrev Solar to develop $200M solar components facility
- CI Capital launches Egypt’s first ESG equity fund
- Qatar in advanced discussions to invest $3.5B in Egyptian tourism project
- Suez Canal sees first mega ship transit in over a year
- UAE, Pakistan ink MoU focused on government modernization, tech integration
- Army chief meets Trump in Washington, discusses trade, crypto
- National Electric Vehicle (NEV) Policy 2025-30 to be launched
- Govt unveils draft 2025-30 tariff policy, slashing tariffs on raw materials to support industry
- Starlink launch delayed on high monthly costs, security concerns
Other MENA+ Developments
- GCC markets lead Dubai Chamber members' exports in Q1
- Syria begins work on new Idlib free zone, targeting global investment
- Kuwait's Agility to invest over $326M in data centers, economic zones through 2030
- Second phase of Bahraini CO2 monitoring satellite project completed
- Dubai Media Academy partners Google News Initiative to tap GenAI Tools
Southeast Asia Developments
- Malaysian govt probes Chinese firm's use of Nvidia AI chips
- Indonesia antitrust agency gives conditional approval for TikTok's Tokopedia acqusition
- Vietnam passes novel dedicated law covering digital tech industry
- European digital bank applies for Philippines license
- Fujifilm Healthcare studying Malaysia R&D centre
India Developments
- SEBI eases ESOP norms for founders of startups seeking IPO
- Karnataka surveys AI impact, opportunities with workforce
- $89B clean industry pipeline faces financing bottlenecks
- Tata Elxsi, Infineon partner to develop EV solutions for India market
- Govt says financial future to be "phygital", blending physical and digital services
