UAE's non-oil private sector growth slows to nearly 4-year low, while Abdul Latif Jameel and Joby Aviation ink $1B deal for flying taxis in KSA
Here’s a look at today's biggest tech stories in the MENA+:
- Non-oil private sector growth slows to nearly 4-year low
- ADGM reports 33% rise in AUM, 67% surge in new licenses in Q1
- Altérra backs Absolute Energy as it expands footprint in Europe
- Huda Beauty founder buys back equity stake from TMG
- TSMC denies plans to set up UAE chip plant
- Abdul Latif Jameel, Joby Aviation ink $1B deal for flying taxis
- PIF-backed D360 bank eyes US, Europe investors for Series A in H2
- OECD sees Saudi economic growth surpassing US, UK, France in 2026
- NEOM green hydrogen plant reaches 80% completion
- CMA launches consultation on offshore securities business license
- Govt unveils export support program with 2x budget
- Pharmaceutical market grows 43% to reach $6.21B in 2024
- Volkswagen exploring plans to make cars in Egypt
- MSMEDA partners leading VCs for unified portfolio reporting platform
- AMEA Power’s mega wind power plant goes online
- IMF rejects wealth tax, backs digital services tax
- PTCL, DWP Technologies ink deal for data centers upgrade
- Jazz establishes new digital support hubs with Qvantel
- Sindh breaks ground on inaugural Special Technology Zone
- Punjab opens registrations for electric taxi pilot program
Other MENA+ Developments
- Hong Kong’s Gaw Capital to ramp up regional investment drive
- Armenia Stock Exchange becomes latest member of Tabadul Platform
- Lebanon’s public transport revival gains ground but faces challenges
- Kuwait, UAE to boost infrastructure, ICT, cybersecurity cooperation
- Kuwait Investment Authority joins MGX-backed AI Infrastructure Partnership
Southeast Asia Developments
- China’s AI drive reshaping Asean’s manufacturing landscape
- TikTok Shop slashes hundreds of jobs following Tokopedia merger
- Indonesia to break ground on $7B EV battery ecosystem project this month
- More Chinese firms exploring secondary listings in Singapore
- Vietnam to accelerate plans for national tech trading platform
India Developments
- Starlink nears final approval for license to operate in India
- Bankrupt tech startup Builder.ai outsourced coding to India
- AI, transformation-led deals seen driving IT sector M&As
- Bank ownership rules may be eased amid rising foreign interest
- Startups seek bigger share in undertapped general insurance market
