UAE's Adio, Adpic to jointly oversee planning, structuring, procurement of PPPs, while Lucid to expand Saudi EV manufacturing facility
Here’s a look at today's biggest tech stories in the MENA+:
- Adio, Adpic to jointly oversee planning, structuring, procurement of PPPs
- TII named founding member of Linux Foundation-led OpenSTX Foundation
- G3 secures VARA license to become first regulated virtual asset investment advisor
- GCC's first licensed brewery gets funding for $65M RAK project
- KEZAD to build new Abu Dhabi business district
- Lucid to expand EV manufacturing facility with new SUV production
- Aramco sees digital integration boosting industrial productivity by 15-25%
- 2nd phase of industrial incentives launches, as 1st phase draws 1,000 investors
- Saudi Arabia signs $586M in privatisation deals at eight major ports
- SDAIA joins OECD Recommendation on AI
- Remittances up record 77% to $29B in 10M FY2024-25
- New licensing rules in place for digital payments service providers
- Egypt, Sudan ink deal for joint logistics zone
- Egypt, China to cooperate on EVs, electronics, AI, launching joint investment forum
- Philip Morris Misr unveils latest IQOS device
- PM’s Digital Youth Hub skills program attracts 422,000 sign-ups in first month
- PTCL, Kacific, Telco Integrators partner to expand satellite internet services
- PM directs govt to make digital payments cheaper than cash, launches new committees
- Atlas Honda to launch e-scooter following launch of National EV Policy
- Careem’s exit spotlights tech regulatory, economic challenges
Other MENA+ Developments
- Trump says Iran-Israel ceasefire in effect, but unclear if Israel has accepted
- US strikes on Iran threaten regional finance hub ambitions
- PIF launches its first commercial paper program
- E& UAE introduces new parental control service
- Morocco to build $700M pipeline network for planned LNG terminal
Southeast Asia Developments
- IBM spinoff Kyndryl launches Singapore AI innovation lab
- Malaysia’s Khazanah names five fund managers for $47M VC program
- Philippines' EV Incentive Strategy projected to create 680,000 jobs
- Vietnam approves first-ever free trade zone in Danang
- Malaysia approves VC tax incentives to support startups
India Developments
- Prosus holds back on fintech PayU IPO to focus on business operations
- Tata Capital gets SEBI approval for $2B IPO
- IndiaAI Mission installs over 17,300 GPUs
- SoftBank scouts for acquisitions in IT-enabled services in pivot from tech startups
- AI, remote sensing data increasingly used to map urban heat vulnerability
