MGX, Nvidia, Bpifrance, Mistral AI plan largest AI Campus in Europe, while PIF plans to expand Europe footprint with new Paris office
Here’s a look at today's biggest tech stories in the MENA+:
- MGX, Nvidia, Bpifrance, Mistral AI plan largest AI Campus in Europe
- Dubai Holding expands Reit IPO offering to $584M
- Dubai launches PropTech Hub, aims to double sector to $1.2B
- AI-assisted shopping adoption rises to 70%, up from 44% last year
- Industrial sector surges 23% as enterprises rise 19.4%
- ACWA Power, leading US firms sign deals worth $500M
- PIF to expand Europe footprint with new Paris office
- STC, Aramco units invest in US tech startup Graphiant
- Media industry aims to contribute $12B to GDP
- Asset management industry surges 20% to hit $266B
- TSFE veterans' private equity firm Morpho Investments makes first investment
- Talaat Moustafa Group inks deals for $4B projects in Oman
- China’s GAC Motor eyes $300M car manufacturing plant
- 2,800 Chinese firms invested over $8B locally
- $2.7B invested in 5G spectrum, licenses since 2019
- Mobile phone imports slump 14.2% in 10M FY25
- SECP to boost Shariah-compliant market intermediaries
- KP unveils cashless economy roadmap, launches QR unified payments system
- 5G spectrum auction stalled amid Telenor-PTCL merger deadlock
- $37M program launched to address effects of climate change
Other MENA+ Developments
- Oman unveils AI safety, ethics policy
- MAGRABi Retail Group targets IPO after buying Kuwait’s Kefan Optics
- E-commerce boom drives demand for mixed-use commercial projects
- FAB partners Oracle, Mastercard for MENA's first embedded B2B payments solution
- Morocco, TAQA, Nareva ink energy, desalination deals
Southeast Asia Developments
- EU arms manufacturers move to find Southeast Asian partners
- Thailand to ease tax rules on foreign income remittance
- Singapore biotech startup Mirxes kicks off Hong Kong IPO
- Vietnam’s Vingroup plans new unit for $61B bullet train project
- Malaysia, China to create joint gaming, digital content fund
India Developments
- Govt may tighten rules for companies with foreign ownership
- India expects to finalize interim trade deal with US before July
- iPhone manufacturer Hon Hai announces $1.5B investment in local unit
- Emirates NBD gets cenbank approval for India subsidiary
- Electric three-wheeler market continues global lead as sales up 20%
