ADQ becomes majority shareholder of logistics firm Aramex, while Saudi role in global diplomacy grows with Russia-US-Ukraine mediation role
Here’s a look at today's biggest tech stories in the MENA+:
- Synapsia partners Bold Technologies to drive AI-powered smart cities
- Adnoc’s XRG planning major investments in US gas sector
- UAE robotics firm Micropolis raises $15.5M in NYSE IPO
- ADQ becomes majority shareholder of logistics firm Aramex
- 1st sports and entertainment business free zone ISEZA launches
- Kingdom inks deal with Korea to enhance space cooperation
- Saudi scientists find nylon additive can improve lithium battery performance
- 152 e-gates added to Riyadh, Jeddah, Dammam, Madinah airports
- Siemens Energy awarded gas powerplant contracts worth $1.6B
- Saudi role in global diplomacy grows with Russia-US-Ukraine mediation role
- Majid Al Futtaim eyes hotel, residential project with MIDAR
- IMF approves $2.5B in financing for Egypt
- Finance in Motion to invest $100M in renewables, banking, green tech
- Egypt plans nearly $2B investment energy sector in FY25
- Govt reports 38% rise in tax revenues in H1 FY25
- Digital payments landscape gets boost from Google Wallet launch
- NLC boosts maritime trade with Gulf states
- Auto industry records 50% rise in 8M FY25 car sales
- Remittances on track to reach record $36B this FY
- Govt to build university with funds from Imran Khan corruption case
Other MENA+ Developments
- Space42 partners Viasat to boost global satellite connectivity
- Gulf firms remain financially resilient despite regional risks
- Pure Electric launches e-scooter sales in UAE
- Kuwait proposes new licensing requirements for internet providers
- Oman Investment Authority backs American biotech Tidal Vision
Southeast Asia Developments
- Uber drops Foodpanda Taiwan acquisition
- VinFast eyes 100,000 EV charging stations in Indonesia
- Salesforce announces $1B investment in Singapore by 2030
- Vietnam, Singapore boost ties to Comprehensive Strategic Partnership
- Malaysia's Capital A eyes fundraising for logistics, digital units
India Developments
- Coinbase gets regulatory approval to launch crypto trading services
- Uber partners Refex to roll out 1,000 EVs by next year
- TSMC pitches JV to operate Intel foundries to key chip designers
- Rapido eyes food delivery foray to take on Swiggy, Zomato
- Starlink partners Airtel, Jio to roll out satellite internet services
