Dubai’s VARA issues warning to Three Arrows founders, while PIF seeks to add 1.8M jobs, plans $266B investments
Here’s a look at today's biggest tech stories in the MENA+:
- Food Tech Valley to raise Dubai food production by 3x
- Mubadala makes $500M investment in ISP Brightspeed
- 4th Sharjah Advanced Industry Accelerator receives 3,536 applications
- Dubai’s VARA issues warning to Three Arrows founders
- COP28 chair calls for 3x renewables capacity by 2030
- Aramco discusses $10B gas deal with Sinopec, Total
- Oracle to launch NEOM cloud region soon
- PIF seeks to add 1.8M jobs, plans $266B investments
- Internet users rise to 94.3%, up from 92.9% in 2021
- Aramco surpasses Microsoft to become 2nd biggest company globally
- National Dialogue aimed at reforms begins today
- Mastercard partners CBE, EBC to support card tokenization
- Toyota Tsusho considers setting up car factory
- UAE’s National Paints buys state-owned PACHIN
- Orascom not planning new investments amid currency uncertainty
- April inflation rises to 36.4% in 59-year high
- BoP, PSEB introduce digital accounts, cards for freelancers
- Govt, PTI unable to agree on elections date
- Human Capital Index lags South Asia’s average
- E-commerce service provider PostEx receives NBFC license
Other MENA+ Developments
- UAE, KSA non-oil sectors continue growth in April
- Saudi Tourism Authority, Visa to set up Tourism Data Lab
- GCC countries eye launch of Schengen-style visa
- Informal workers account for 46.1% of Jordan’s labor force
- Qatar’s economic participation rate up 3% to reach 87.7%
Southeast Asia Developments
- Thai startups’ VC funding in Q1 exceed pre-pandemic levels
- Thailand’s headline inflation at 2.67% in 16 month-low
- Dyson to expand manufacturing footprint with Singapore battery plant
- Deal signed to facilitate expansion of Singapore fintech firms to Australia
- Philippines needs updated regulations to boost digital readiness
