MGX to use Trump-backed stablecoin for $2B Binance deal, while Saudi transport ministry and KAUST announce Future Mobility Sandbox
Here’s a look at today's biggest tech stories in the MENA+:
- US considers easing Nvidia chip access ahead of Trump visit
- Hotel operator Rotana Group may soon consider IPO
- MGX to use Trump-backed stablecoin for $2B Binance deal
- Dubai landfills to shut 3 years ahead of schedule
- ADQ plans next move after doubling assets in 4 years
- Saudis seek Kuwaiti mining investment
- BNY becomes latest global bank to get license for regional HQ
- Transport ministry, KAUST announce Future Mobility Sandbox
- Nayla Finance gets SAMA license for microfinance services
- Urban Company starts winding down its Saudi subsidiary
- Nigeria to overtake Egypt in cement exports in 2026
- Govt asked to speed up privatization drive
- IMF says govt should be cautious as it lowers interest rates
- Arab Developers plans $62M investments this year
- New oil deals approved with Russian energy firm Lukoil
- SMEDA ramps up efforts to formalize SME labor force
- Starlink approval still pending
- Govt eyes 10-year plan to expand power capacity, renewables push
- India shuts airspace to Pakistan airlines until May 23
- Economic productivity slumps on weak exports, FDI
Other MENA+ Developments
- Abu Dhabi economic growth expected to outpace Dubai, GCC peers
- AI to top agenda for Trump’s upcoming Gulf trip
- Gulf Unified Investor Engagement Platform launches
- QatarEnergy, Japanese firms exploring long-term LNG supply deal
- Digital shapes generational wealth transfer in GCC
Southeast Asia Developments
- China’s EV makers face challenges in Thailand despite perks
- Indonesia E2W players call on govt to reinstate subsidies
- Singapore’s ruling party aims for big win amid new PM
- Vietnam expected to become SEA’s 2nd-largest economy by 2036
- Malaysia’s Capital A may seek Hong Kong listing
India Developments
- MeitY, industry bodies seek to attract more electronics firms under PLI scheme
- Software firm Zoho shelves plans for $700M chipmaking foray
- Content, demography give India edge in global entertainment
- ONDC postpones imposing network fee to July
- Apple confirms iPhone production moved to India for US market
