UAE emerges as a major investor in renewables, while Lenskart partners Noon for Middle East expansion
Here’s a look at today's biggest tech stories in the MENA+:
- UAE emerges as major renewables investor
- India’s NIIF to invest $300M in DP World unit
- Flat6Labs, DisruptAD announce largest cycle of Ignite program
- Dutch EV startup Lightyear to open facility in first global foray
- First hospital in metaverse set to open this year
- Lenskart partners Noon for Middle East expansion
- Saudi minister, US investors meet as ties warm
- Makkah, Madinah see 41% increase in 5G towers
- Franklin Templeton looks to set up Saudi office
- Kingdom may increase Asia crude prices to record highs
- World Bank approves $500M funding for food security
- Work to start on Dabaa Nuclear Power Plant’s 1st reactor
- Suspension of ATM, banking fees to lapse by end June
- Egypt-Saudi electrical interconnection to be completed in 2026
- Egypt makes biggest wheat purchase since 2012
- Auto industry could decline 30% in FY23
- Pakistanis seeking employment in UAE up 128% in 2022
- Mobile phone imports tax revised
- Rate hikes, weak rupee, inflation remain top economic risks
- Over 1.2M Pakistani sellers registered on Amazon
Other MENA+ Developments
- Regional digital payments market to grow 15% annually until 2031
- Bitcoin, Ethereum account for most crypto trades in MENA
- Food, fuel price hikes worsen across Middle East
- Jordan unveils 5-year public transportation strategy
- Digital Transformation Program generates $412M savings for Oman
Southeast Asia Developments
- Grab leads growth of F&B apps in SEA
- Binance targets underdeveloped markets in region
- Thailand seeks domestic EV production within a year
- Singapore could see more IPOs this year despite downturn
- Singapore to build $14B mega automated port by 2040
