EV maker AXL to establish UAE assembly plant, while Dubai’s YallaHub targets Saudi market for Gulf expansion
Here’s a look at today's biggest tech stories in the MENA+:
- EV maker AXL to establish assembly plant
- Startups, research centers asked to take part in Asteroid mission
- UAE becomes UN Security Council president
- Americana Restaurants joins MSCI UAE Index
- UAE hiring reaches highest level since 2016
- Dubai’s YallaHub targets Saudi market for Gulf expansion
- Kingdom is BRICS group’s largest trading partner in region
- NEOM, Telfaz11 ink deal for production of TV and film projects
- Businesses face inflationary pressure of fast wage gains
- Extra million-barrel oil output cut announced to bolster prices
- PMI improves to 47.8, in contraction for 30th straight month
- Google services to be subjected to 14% VAT from July
- New cabinet unit to propose policies, regulations to boost startups
- TAQA Arabia shares to be listed on EGX
- Samsung to set up new smartphone assembly factory
- Symmetry Group set to launch IPO following SECP approval
- Wealth tax on assets being considered to boost revenues
- Industry calls on govt to scrap income tax on freelancers
- Minister says general elections will not be delayed
- Barter trade with Afghanistan, Iran, Russia to start amid forex crunch
Other MENA+ Developments
- OPEC to extend oil output cut for 2024
- Menap fintechs require up to $7B fresh funds in next 3 years
- Shared mobility gains ground in Gulf region amid global growth
- Oman launches national initiative to integrate AI in development projects
- Tunisian president proposes more wealth taxes to secure IMF bailout
Southeast Asia Developments
- Regional tech giants’ slowdown weighs on investor sentiment
- Indonesia eyes golden visa to bring in global talent
- Singapore’s infocomm sector expands 8.6%, outpaces overall growth
- Philippines to privatize $44.5M of state-owned assets in 2023
- Vietnam to promote data sharing for e-commerce boost
