75% of UAE firms maintaining, boosting AI investments, while Saudi Arabia plans $5B investment in Bahrain
Here’s a look at today's biggest tech stories in the MENA+:
- 75% of local firms maintaining, boosting AI investments
- DMCC to establish Mumbai office
- Goldman Sachs sets up Abu Dhabi hub, eyes regional expansion
- 57% of Gen Zs in UAE have dormant online accounts
- Over 3,000 non-financial firms join DIFC
- Inflation rate remains unchanged in April
- E-scooters increasingly popular amid green push
- Kingdom plans $5B investment in Bahrain
- GDP growth to slow to 3.1% amid oil output decline
- 27 mining licenses issued in March, up from 18 in February
- UAE food company Agthia among Safi bidders
- Exchange rate uncertainty hits investments, businesses
- Egypt says no plans to normalize ties with Iran
- 1st gold investment fund launched
- MoU signed to study Egypt-Europe electrical link
- Govt starts restoring social media services
- ADB says Pakistan's high-growth industries lack action plans
- Large scale manufacturing declines 25%
- Govt drafts national AI policy
- Internet suspension cost country $8.8M, sparks anger
Other MENA+ Developments
- Turkey election board confirms runoff on May 28
- Spotify launches Arabic language support, partners BeReal
- Indian startups aim for MENA expansion via UAE
- Bahrain leads region for financial, investment, and trade freedom
- Jordan to unveil online investment map showcasing projects
Southeast Asia Developments
- Vietnam rolls out $135B 2030 power plan
- SEA, China emerge as top choices for business expansion in Asia
- Grab fined by Philippine Competition Commission
- Philippines regulator probes potential data breach by GCash
- SkyWorld set for Malaysia listing in Q3
