UAE's landmark climate law takes effect, while Saudi Tawadul eyes ETFs focused on Hong Kong AI, biotech firms
Here’s a look at today's biggest tech stories in the MENA+:
- Landmark climate law takes effect, set to drive net-zero goals
- Majority of firms not well-prepared for AI-related cybersecurity risks
- CARS24 rolls out Super App with integrated car services
- SCA asks finfluencers to apply for official license
- Music Nation gets UAE’s 2nd collective music management license
- Tawadul eyes ETFs focused on Hong Kong AI, biotech firms
- Wall Street turns to Gulf peers amid Saudi challenges
- New advanced manufacturing hub to boost industrial sector
- Employment growth accelerates to highest in over a decade
- Budget airline flynas reports 3.5x oversubscription by retail investors
- Govt plans stake sales for 11 state-owned firms in FY26
- Apple to soon open official store as part of expansion drive
- Egypt, Korea ink $11M deal for digital platform to boost trade
- Govt ramps up efforts to tackle single-use plastic pollution
- eTax launches unified digital system to calculate payroll tax
- Crypto Council forms technical committee to shape regulation
- Privatization process launched for Zarai Taraqiati Bank
- Govt eyes bankruptcy law reform, investor confidence boost
- 4.2% GDP growth targeted for FY26 as development budget shrinks
- $1B set aside to enhance productivity of state-owned enterprises
Other MENA+ Developments
- Investors increasingly turn to UAE, Qatar as KSA’s finances weaken
- Oman to not ink deals with firms not meeting Omanization rates
- Salesforce boosts footprint amid rising demand for AI, digital labor
- Bahrain Bourse, Benefit to introduce in-app eIPO service
- Qatar, Kuwait ink deal to eliminate double taxation, prevent tax evasion
Southeast Asia Developments
- Indonesia’s GoTo, Indosat unveil updated LLM Sahabat-AI
- Chinese firms eye $4.6B investment in Indonesia’s new capital
- Singapore crypto firms asked to halt overseas services by June 30
- Tata Electronics seeks chip fab acquisition to enter Malaysia
- Malaysia partners UAE’s Presight to drive digital transformation
India Developments
- 1M AI professionals needed by 2026 amid surge in demand
- Minister says Tesla unlikely to pursue India manufacturing plans
- Govt opens applications for automakers under new EV policy
- Ola-owned AI firm Krutrim sees few users for LLM, cloud products
- Swiggy’s revises growth strategy as food delivery market slows
