UAE's Presight AI acquires 51% stake in AIQ, while KSA eyes landmark defense, tech deal with the US
Here’s a look at today's biggest tech stories in the MENA+:
- Presight AI acquires 51% stake in ADNOC-G42 joint venture AIQ
- DFM launches platform for initial private offerings
- EDGE buys stake in non-lethal tech player Condor
- ADDED, Alfahim Group ink deal to set up EV plant
- ADIA considers stake in school operator Nord Anglia
- KSA, US eye landmark defense, tech deal excluding Israel
- TGA suspends unnamed ride-hailing app
- Major banks ramp up operations as Riyadh woos foreign firms
- Kingdom hosts first Saudi Food Manufacturing show
- Ma’aden acquires stake in Brazil’s Vale Base Metals
- ACUD to hire global IPO advisor in Q3
- 2 wind farms to be established worth $9B
- Mass transport app Swvl turned profitable in 2023
- Egypt set to join ATIDI to enhance African ties
- Electric bike maker EGIKE to set up integrated plant
- FBR mulls 10% withholding tax for unregistered retailers
- PIA privatization sees underwhelming investor interest
- Barrick Gold seeking $2B investment for Reko Diq
- MoITT stresses responsible social media use at AIC meet
- Pakistan to launch lunar mission aboard China lunar probe
Other MENA+ Developments
- Gulf nations explore unified product standards for industrial sector
- Masdar enters Bahrain, eyes wind energy projects
- Oman’s Muscat Stock Exchange leads Gulf equity markets
- Morocco’s mobile subscriptions up 5.6% to hit record 55.9M
- Turkey plans $50M fund to support VCs
Southeast Asia Developments
- China's BYD, Neta plan EV investments in Indonesia
- Singapore leads APAC with 45% of businesses integrating AI
- Philippines’ Social Security System unveils online payment platform
- Alibaba eyes Vietnam data center to meet localization norms
- Microsoft announces $2.2B investment in Malaysia cloud, AI infra
