UAE's IHC acquires majority stake in Alpha Wave, Saudi GDP growth hit 4.5% in 2025, ZTE and LTT partner for 5G in Libya, Malaysia plans regs for alternative assets, 25% of all iPhones now made in India
Here’s a look at today's biggest tech stories in the MENA+:
- IHC subsidiary acquires majority stake in $29B asset manager Alpha Wave Global
- US banks offer UAE staff option to relocate on temporary basis
- Ankabut to leverage Dell's GPU-as-a-service for digital learning offerings
- Agritech firm Silal expands to RAK in partnership with National Agricultural Center
- Bybit appoints MENA head in UAE expansion
- GDP growth hit 4.5% in 2025, with oil growth outpacing non-oil sectors
- Saudi Aramco reduces output at two oilfields amidst Strait of Hormuz closure
- Morgan Stanley cuts UAE, Egypt views, upgrades Saudi Arabia on higher energy exposure
- Keeta sees 150M+ orders in first year of operations
- ROSHN, Agility to develop $667M Jeddah Grade A logistics park
- EGX Chairman Islam Azzam appointed as new FRA head
- FRA approves new short-selling regulations to promote liquidity
- Fawry to offer microfinancing via branch network in partnership with Erada Finance
- Private sector investments increase 73% in previous FY, grew 42% in Q1 this year
- Egypt launches Wa3i.net cybersecurity awareness platform
- IT firms exempted from new energy austerity measures
- Korea's Lotte Chemical offers to acquire majority stake in Engro Polymer
- SECP launches ultimiate beneficial ownership registry
- Pakistan, China to set up joint AI lab to support agriculture, medical applications
- Pakistan officially kicks off 5G spectrum auction
Other MENA+ Developments
- Geely satellite arm partners firms in Morocco, Algeria to deploy IoT satellites
- G7, IEA readying coordinated release of strategic oil reserves
- ZTE, LTT partner for Libyan 5G network development
- Aluminium prices surge to 4-year highs amid shipping disruptions
- GCash announces temporary waiver of transaction fees
Southeast Asia Developments
- Malaysia launches five-year capital markets plan, targets $510B growth by 2030
- Malaysia plans regulations for alternative assets such as digital assets, carbon credits
- Indonesia sets platform risk tiers, threatens fines for apps with under-16 users
- Singapore introduces regulations governing use of AI in healthcare
- Chip equipment maker Besi plans $1B Vietnam investment
India Developments
- 25% of all iPhones now made in India, as production rises 53% in 2025
- Wipro Enterprises exploring chip market entry
- India looking at restrictions on social media for various age brackets, to introduce law in H2
- Govt monitoring chip supply issues as India Semiconductor Mission begins this year
- India includes crypto assets, e-money in financial account reporting
