Brookfield gets CBUAE approval for Network International acquisition, while SDAIA launches consultation on amendments to data transfers rules
Here’s a look at today's biggest tech stories in the MENA+:
- Unit 4 of Barakah nuclear plant linked to national power grid
- Brookfield gets CBUAE approval for Network International acquisition
- AD Ports buys 60% stake in Georgia’s Tbilisi Dry Port
- Joby plans to launch air taxis in Dubai before US
- ADIA explores $1.2B investment in India’s Pocket FM
- SDAIA launches consultation on amendments to data transfers rules
- AI startup Anthropic rules out KSA for $1B stake sale
- POS transactions up 11% in January
- UN Internet Governance Forum to be held in Riyadh this Dec
- Kingdom to lead WTO’s Dispute Settlement Body
- Turkey to set up logistics industrial zone in Jarjoub
- Act Financial to launch IPO on EGX in Q2
- SCZone saw $2.8B worth of investments in 9MFY24
- Govt to boost strategic reserves of basic goods by 20%
- Population growth rate to be slashed to 1.69% this fiscal year
- SFD inks $101M clean energy deals
- FBR mandates POS registration for various enterprises
- Pakistan, China to accelerate development of new economic corridors
- IT firms target $3.5B exports driven by Saudi deals
- Secure Logistics Group seeks to raise $2.1M from IPO
Other MENA+ Developments
- Security software spending to surge on tougher compliance rules
- Early-stage B2B startups see rise in investor interest
- Banks could face higher credit risk, losses on green push
- Nokia, Batelco to deploy 5G private wireless networks in Bahrain
- Mumtalakat takes over McLaren Group
Southeast Asia Developments
- Thailand’s financial hub status declines as Singapore leads Asia
- Indonesia, Vietnam scale back on renewables amid greenflation
- Singapore issues advisory on detecting, addressing deepfakes
- Lam Research eyes Vietnam for diversification
- Vietnam to see wealth surge but faces low labor productivity challenges
