Abu Dhabi’s MGX invests $2B in crypto exchange Binance, while PIF-backed Scopely to buy Niantic’s video game biz for $3.5B
Here’s a look at today's biggest tech stories in the MENA+:
- Abu Dhabi’s MGX invests $2B in crypto exchange Binance
- Nomura Holdings to boost Dubai, Singapore presence
- 94% of students use AI tools to study
- Wealth management software firm Addepar opens DIFC office
- Ripple secures DFSA license for regulated crypto payments in DIFC
- Zain completes OSS/BSS overhaul
- PIF-backed Scopely to buy Niantic’s video game biz for $3.5B
- UAE’s Alpha Data eyes 3x sales by next year amid expansion drive
- Diriyah Company unveils media and innovation district
- Govt opens applications for Riyadh, Madinah mining exploration
- Private sector share of total investment reaches 63%
- MSC exploring new transport, logistics investments
- Govt to cut fuel subsidies to cost recovery level by this year
- Over 130,000 business licences issued by MSMEDA in past decade
- Govt explores cooperation with Medtronic on local applications
- Reko Diq mine on track to begin production by 2028
- Symmetry Group plans local IPO of new AI-focused unit
- UAE-Pakistan shipments to speed up with AD Ports deal
- IMF rejects proposed tax exemptions for foreign investment projects
- Banking sector outlook upgraded from stable to positive
Other MENA+ Developments
- Open Innovation AI, Oracle to boost sovereign AI adoption
- Egypt's Widebot to develop Arabic LLM following move to Riyadh
- Global investors eye growth-stage startups as Gulf IPOs gain momentum
- Indian wearables startup Noise enters GCC as part of global push
- Libya's Mabruk field restarts oil production after 10-year shutdown
Southeast Asia Developments
- Hong Kong eases insurance rules to woo HWNIs
- China’s Sunwoda plans $1B Thai EV battery plant
- Microsoft’s first Indonesia data center to begin operations by Q2
- Oracle establishes AI Center of Excellence in Singapore
- Chip designer SkyeChip eyes Malaysia IPO at $226M valuation
India Developments
- MeitY eyes dedicated AI governance board for application approvals
- Govt denies privatization of telecom firms BSNL, MTNL
- IPO-bound Rebel Foods seeks to onboard more global brands
- CCI denies access request for sensitive data in Apple antitrust case
- Tech leaders seek to boost awareness about ethical AI use
