UAE's Mubadala Capital eyes cornerstone investment in FWD IPO in APAC push, while Saudi oil export revenues down to lowest in nearly four years
Here’s a look at today's biggest tech stories in the MENA+:
- Mubadala Capital eyes cornerstone investment in FWD IPO in APAC push
- Homegrown firms LODD, 7X begin Abu Dhabi drone delivery pilot
- ADQ to acquire stake in Limagrain, planning joint UAE R&D partnership
- Witthal to develop UAE’s first lithium battery recycling plant in Kezad
- Borouge, Honeywell partner on AI-powered autonomous plant operations
- Oil export revenues down to lowest in nearly four years
- Al Rajhi Bank’s tech arm Ejada Systems to reapply for Saudi IPO
- Govt to boost tech investment in farms, as Ignite Fund reaches 129 agritech startups
- First Tesla Center launched in Riyadh as car deliveries begin
- France’s EDF dropped from NEOM energy project
- EBRD inks $25M risk-sharing facility with Emirates NBD Egypt
- MNT-Halan’s Tasaheel completes SME-backed securitization issuance
- Gas supplies to manufacturing facilities to resume on Friday
- Container shipping delays reach 10 days, highest since Houthi attacks
- Roche Diagnostics signs deal to support govt on green procurement principles
- Telenor-PTCL deal now expected in H2 amid further delays
- Pakistan, US agree to conclude trade talks next week
- Pakistan’s GCC trade deficit widens to $12.4B, but exports up 16% last year
- Digital payments reach 2B transactions, making up 89% of retail
- Govt provides $42M funding to green ship-breaking yard
Other MENA+ Developments
- Regional conflict threatens GCC's security, prosperity proposition for expats
- Mashreq opens Turkey representative office
- Hibrid partners with Alibaba Cloud for Middle East streaming solutions
- Crypto infra firm Omining expands to Kenya
- QIA, Fiera Capital launch $200M fund to invest in Qatari equities to support liquidity
Southeast Asia Developments
- Thai SET to launch Jump Plus program with fundraising support for listed firms
- Indonesia's INA, Danantara to double down on energy transition investments
- Grab Singapore drivers seek higher base fares instead of incentives
- AWS unveils Asia-Pacific innovation hub in Singapore
- Indonesia plans 0.5% levy on income of e-commerce sellers, possibly starting next month
India Developments
- UAE-India CEPA Council launch startup series to link Indian startups with UAE platforms
- Dronemaker Raphe raises India's largest defense startup round with $100M funding
- India ranks third in global tech startup funding despite slowdown
- Reliance enters esports market with Denmark-based BLAST Esports JV
- Govt opens application portal for EV manufacturing scheme
