Dubai approves policies to boost FDI, while Saudi unemployment falls to record low of 2.8%
Here’s a look at today's biggest tech stories in the MENA+:
- Dubai approves policies to boost FDI, aims to be top-10 city for university students
- Mubadala buys stake in Hong Kong pallet pooling firm Loscam, expanding logistics portfolio
- UAE crypto fund Aqua1 Foundation buys $100M of World Liberty Financial tokens
- ADFD inks deal to support UAE-GCC power grid link-up
- CVC, Tabreed to acquire Multiply's district cooling business
- Unemployment falls to record low of 2.8%, down 0.7% QoQ
- Tadawul amends tick sizes, stock split rules to align with international standards
- Govt revises upwards untapped mineral wealth estimate to $60B
- Lower battery costs, govt support propel EV ambitions
- Net FDI falls 7% QoQ, as Kingdom continues to lag investment goals
- Govt to soon finalize airport privatization plan
- House approves amendments to VAT Law to broaden tax base
- Gas imports from Israel return to normal levels
- Contact Financial, noon partner to add BNPL, payments gateway to ContactNow app
- E-commerce platform Jumia launches largest warehouse
- China rolls over $3.4B in loans to support govt's forex reserves
- Govt targets $50B in annual remittances within five years
- Pakistan tops emerging markets for sovereign risk improvement
- Local industry players concerned over delays in new Mobile Manufacturing Policy
- SBP data shows 70% of bank accounts hold less than $176
Other MENA+ Developments
- Moroccan royal family's Al Mada, China's CNGR begin work on $2B EV battery plant
- Iraq, Jordan, Kuwait, Turkey, Germany launch trucking route network
- Starlink seeks Lebanon license with Musk-Aoun talks
- Esports World Cup expected to draw half a billion viewers
- Asia’s largest budget airline AirAsia plans new GCC hub amidst PIF interest
Southeast Asia Developments
- TSMC's Vanguard considers expediting production at $8B Singapore chip fab
- CATL-backed $5.9bn EV battery project begins development despite environmental fears
- VinFast opens second Vietnam EV factory to support global growth
- Vietnam unveils plan to attract 100 top AI talents to support development programs
- Appointment of new SEC chairman to accelerate Philippines capital market reforms
India Developments
- Q-commerce players introduce new charges to offset losses
- 43 of 506 foundational AI proposals for India AI Mission target focused on LLMs
- PUBG-maker Krafton launches IPL-style esports league
- Indian negotiators extend US stay in push to accelerate trade talks
- India eyes leapfrog in chip tech to 2D materials
