RedBird IMI completes $1.45B acquisition of UK’s All3Media, while Pasqal inks deal with Aramco for first quantum computer
Here’s a look at today's biggest tech stories in the MENA+:
- RedBird IMI completes $1.45B acquisition of UK’s All3Media
- Dubai AI Campus cluster launched at DIFC
- ICD plans IPO of construction firm ALEC
- AD Ports subsidiary Noatum enters Türkiye
- Malaysia's Genting open to pursuing UAE integrated resort
- eWTP Arabia Capital fund among top 5 VCs in $250-499M category
- Pasqal inks deal with Aramco for first quantum computer
- Aramco partners US firms Aeroseal, Spiritus and Rondo
- PIF raises stake in Alibaba by 11%
- Japan set to list Saudi ETF amid enhanced financial ties
- UAE’s Electra eyes stake in Elsewedy Electric
- ADQ to break ground on Ras El Hekma project before year-end
- Telecom Egypt drops plans for Vodafone stake sale
- Basata fintech unit plans IPO next year
- Egypt faces $20B economic loss over Gaza escalation
- Economic Advisory Council led by PM established
- Monthly IT exports reach new high in April
- Pakistan seeks greater access to new, emerging technologies
- FDI inflows up 172% YoY to hit highest in over 4 years
- Twitter ban continues into 4th month
Other MENA+ Developments
- BNPL demand gains momentum amid risk of youth debt
- Iranian President Ebrahim Raisi dies in helicopter accident
- STC Pay partners Mastercard to introduce prepaid card in Bahrain
- ADQ plans $5B investment in Jordan through new fund
- Qatar eyes electric air taxi trials early next year
Southeast Asia Developments
- Thailand plans draft law for MNCs to address profit shifting
- Elon Musk launches Starlink in Indonesia
- AstraZeneca announces $1.5B Singapore plant for cancer drugs
- ASEAN, Japan plan auto strategy amidst Chinese EV influx
- Vietnam names new president in leadership reshuffle
