50 global offices to be set up under 'Dubai Global' initiative, while Saudi Council approves new companies' law
Here’s a look at today's biggest tech stories in the MENA+:
- 50 global offices to be set up under ‘Dubai Global’ initiative
- DIFC unveils Open Finance Lab in regional first
- DIFC generates over 12% of Dubai’s GDP
- Lulu to invest $2.9B to expand retail network
- Used car prices surge 20% amid new vehicle shortage
- Council approves new companies’ law
- Kingdom contributed to 34% of OPEC exports increase
- FDI inflows surge 9.5% in Q1
- Digital healthcare adoption could generate $15B savings by 2030
- BNPL startup Tamara to start services in UAE
- Egypt-Oman joint investment fund to be set up
- BP awarded gas exploration rights in Med
- Ebtikar delays IPO amid poor market conditions
- EETC to increase energy purchase
- Healthtech startup Vezeeta downsizes workforce
- Pakistan could receive $2B IMF tranche next month
- IT exports remittances hit record high
- UAE offers to buy shares in publicly-listed SOEs
- Continued power outages may cause connectivity failures
- Careem starts carpooling service amid fuel price hikes
Other MENA+ Developments
- OPEC’s revenues surged 77% last year
- Region to meet 92% of renewable energy targets by 2030
- Gulf sees increasing interest from global cloud tech firms
- QIA studying blockchain opportunities
- Tunisia launches first green hydrogen project
Southeast Asia Developments
- BNPL continues growth in SEA as operators in mature markets face headwinds
- Franklin Templeton launches fintech incubator in Singapore
- Philippine electronics industry under strain from high costs, weak peso
- Vietnam receives over $14B of FDI in H1
- DIGI-Celcom merger set to form Malaysia’s largest telcom
