Alibaba Cloud launches training hub in Dubai Internet City, while PIF affiliate to buy $1B stake in EV maker Lucid
Here’s a look at today's biggest tech stories in the MENA+:
- Mubadala to buy pharma company Kelix Bio
- Alibaba Cloud launches training hub in Dubai Internet City
- Tristar Transport restarts IPO plans after 3 years
- South Korea’s Nexon sets up blockchain gaming subsidiaries
- More mobility startups target UAE amid high ride demand
- Aramco seeks to be key economic partner for China
- PIF affiliate to buy $1B stake in EV maker Lucid
- Business registrations up 12% over 4 years
- Hyundai, Red Sea Global ink mobility partnership
- Private sector saw over 1M new employees in 2023
- Govt to cut commodity prices by up to 20%
- EHA, Siemens ink deal to set up smart health facilities
- PM to chair new Supreme Council of Taxes
- Govt seeks PPPs to boost domestic trade
- India’s Tejas to manufacture telco products in Egypt
- MoITT implements Digital Economy Enhancement Project
- Islamabad set to get country’s largest IT Park
- PTCL-Telenor merger approval delayed amid competition concerns
- FBR sets July deadline for tax registration of service providers
- Qatar Fund to boost footprint in power, housing sectors
Other MENA+ Developments
- Freelancer registration up 142% since 2022
- Region sees rising M&A insurance interest amid resilience
- Beacon Media in talks to set up UAE HQ for regional push
- stc pay Bahrain hits over 300,000 downloads
- Green push, diversification efforts to spur Middle East deals
Southeast Asia Developments
- Thailand’s rules on global data transfers under PDPA take effect
- Indonesia’s J&T reports positive EBITDA following IPO
- ByteDance ramps up hiring in Singapore for generative AI push
- Philippines SEC set to block crypto exchange Binance
- Vietnam’s data center market doubled in 2023
