UAE launches $270M space sector R&D program, Humain taps Goldman Sachs for $5.3B data center financing, Yango to expand to 10 new African countries, Singapore updates national AI strategy, Microsoft’s largest India data center to open soon
Here’s a look at today's biggest tech stories in the MENA+:
- UAE launches $270M space sector R&D program
- Payments firm Lianlian DigiTech sets up Dubai regional HQ
- Xsolla to set up regional games hub in Dubai
- Daman launches institutional-grade digital asset trading platform
- Du launches cloud platform designed specifically to support Chinese firms expanding to UAE
- Humain taps Goldman Sachs for $5.3B data center financing
- US-Saudi civil nuclear cooperation agreement enters “final review”
- CMA considers easing minimum capital requirement for securities activities by 60%
- Saudi Arabia, UAE slash US treasuries in March amidst war
- Red Sea Express shipping service launched, connecting Yanbu to Egypt, Jordan
- House raises scrutiny of NBFCs, citing unregulated expansion of consumer credit firms
- Eros Innovation launches ErosADI sovereign AI infra platform powered by ADI Chain
- Egypt to slash time required for capital increases, unify operational licensing
- TSFE, Industry Ministry to launch industrial investment funds
- Govt targets 5.2-5.4% GDP growth in next FY
- GSMA urges govt to cut telecom taxes in upcoming budget, citing digital divide
- Pakistan introduces sweeping insurance bill to open market to foreign firms
- April current account returns to deficit with higher oil prices, higher food, luxury imports
- Pakistan expected to leverage new US license allowing Russian oil purchases
- International arbitration court backs Pakistan's position on Indus Waters Treaty with India
Other MENA+ Developments
- Americana to open 200 fast food outlets at ADNOC Distribution’s service stations
- ConocoPhillips says Qatar LNG JVs delays likely to be months, not years
- Visa launches Agentic Ready program for financial institutions in UAE
- MGX invests in UK’s Isomorphic Labs
- Crypto exchange Rain, Standard Chartered establish banking services partnership
Southeast Asia Developments
- OpenAI picks Singapore for first Applied AI Lab outside US
- Singapore updates national AI strategy, aims to support 10,000 SMEs with adoption
- TDK to acquire Malaysian battery maker Linergy
- Grab, Gojek scrap driver subscription schemes ahead of new commission rules
- LG Energy, Honda partner to roll out Vietnam E2W battery-swapping business
India Developments
- Microsoft’s largest India data center to open soon amidst strong Azure, Copilot demand
- Govt exploring "law-to-code" solution to privacy laws amidst AI-driven cyber threats
- Sahasra inaugurates Rajasthan's first chip plant
- Govt reviewing imports of non-essential goods, exploring higher duties
- UAE trade minister says private sector to drive next phase of India-UAE economic relations
