UAE accelerates $1.4T US investment pledge, Saudi Aramco says refining still underinvested, Kuwait says it can restore 70% of oil output after Hormuz reopens, Grab says it will not exit Indonesia, India remains positive on US trade deal talks
Here’s a look at today's biggest tech stories in the MENA+:
- Wio Bank to offer SME lending products via Geidea platform
- UAE accelerates $1.4T US investment pledge
- G42, Banco Santander to collaborate on developing AI banking solutions
- M42, Arcera partner to localize biopharma, clinical development in Abu Dhabi
- UiPath gets Dubai Electronic Security Center certification
- Kingdom explores investments in Pakistan’s maritime sector
- PIF replaces portfolio companies' foreign CEOs with Saudi nationals
- Saudi, Russian leaders to meet at energy forum following UAE's OPEC exit
- Checkout.com, pharmacy chain Nahdi partner expand digital payment offerings
- Aramco says refining still underinvested
- EGX, FRA unveil plan to support SMEs
- SFE to take stakes in two new industrial investment funds
- Chinese, Egyptian central banks expand bilateral currency swap agreement to $4.4B
- Competition Authority approves 8 acquisition and investment deals
- Egypt to overhaul airports with digital infrastructure rollout
- Govt expected to end GST relief on EVs, laptops in upcoming budget
- Completion of PIA privatization faces legal hurdles
- Exporters say little impact expected from US' 10% tariff proposal
- Pakistan unveils program to train 3,500 cybersecurity experts
- FY2026-27 budget to be presented on June 10
Other MENA+ Developments
- Omantel’s digital wallet OMPAY launches youth-focused extension
- Bahrain sees 3x oversubscription for $1B USD bond
- Kuwait says it can restore 70% of oil output in 6–8 weeks of Hormuz reopening
- Israel, Lebanon agree to implement ceasefire
- Moroccan education council calls on govt to adopt regulations for AI in education
Southeast Asia Developments
- Anthropic begins setting up Singapore office
- Grab says it will not exit Indonesia despite commission cap concerns
- Indonesia passes laws granting economic growth mandate to central bank
- Thailand’s AI Passport faces scrutiny over value for local firms
- China's Neolix partners Singapore's QuikBot to develop autonomous delivery offerings
India Developments
- UAE retailer Apparel Group exploring potential Mumbai listing of India business
- App Store antitrust ruling nears as Apple to submit financials to Competition Commission
- Govt to end capital gains tax for foreign investors in government bonds
- India says positive on US trade deal talks despite new tariff proposal
- Digital health ID system reaches 900M accounts
