CBUAE prepares banking resilience package, pharma firms reroute deliveries to KSA, EGA to export aluminium via Oman, Vietnam to pilot licensed crypto exchanges, India considers IT Act amendments
Here’s a look at today's biggest tech stories in the MENA+:
- CBUAE prepares resilience package for banking sector
- Tabby adds Apple Store to BNPL partner network
- Presight unveils first six AI firms selected under AI Innovation Ecosystem
- Digital bank Wio to develop Islamic banking platform this year
- PLDT launches digital remittances for Filipinos in UAE, Singapore
- Tesla launches free Supercharger use in Saudi Arabia, UAE, Qatar
- Neom cancels key tunnels contract for The Line as review continues
- First platforms begin rolling out Saudi equities access to global investors
- Pharma firms reroute medicine deliveries to KSA
- Tech Mahindra to acquire remaining 20% stake in Saudi arm from local firm Midad
- Industry Minister developing economic database to help private sector plan investments
- Vodafone Egypt, TapTap Send partner to offer wallet-based remittances from over 30 countries
- Renergy in discussions for $1B hyperscale green data center
- GM to boost local manufacturing, introduce new models
- Egypt to boost research cooperation with Takeda Pharmaceutical
- FBR to introduce digital system for trade and taxation documents
- February IT exports slip to $365M in second month of decline
- Accounting body calls for new digital services tax in upcoming budget
- IMF studying new conditions for tax system as FBR misses enforcement targets
- Govt to review NEV framework's tax concessions for hybrids in upcoming budget
Other MENA+ Developments
- Dubai, Oman Customs launch temporary logistics corridor
- Qatar-owned QDB rolls out loan guarantees, inflation support to support firms amidst war
- UK's BII, Deutsche Bank tie up for trade finance in African frontier markets
- Jordan’s FTA partners account for 73% of exports
- EGA to export aluminium via Oman
Southeast Asia Developments
- Vinfast extends free EV charging in India, Philippines, Indonesia until 2029
- Vietnam to pilot licensed crypto exchanges, to curb trading on foreign platforms
- Wise gets licenses to roll out Thailand wallet, card services
- Indonesia court clears way for Google Play developers to use alternative payments
- Chinese govt boosts scrutiny of Meta's acquisition of Singapore-based AI platform Manus
India Developments
- Parliamentary committee says MeitY should consult with experts on GPU rollout plans
- Parliamentary committee recommends mandatory registration of gig workers
- NTT Data launches program to support MNCs establishing GCCs in India
- Govt considering IT Act amendments to give more ministries content blocking powers
- Govt approves new quantum teaching facilities at 23 institutions under national mission
