UAE e-com market poised to boom while Saudi Arabia eyes the potential of AI to boost economy
Here’s a look at today's biggest tech stories in the MENA+:
- UAE e-com market to grow by 38% till 2022
- Aldar to invest in Fifth Wall's prop-tech fund
- UAE ranks 1st globally in mobile internet speeds in Q1 2021
- Dubai Chamber partners with TikTok to help 1k businesses expand digital reach
- UAE non-oil PMI increases to 52.7 in April
- Increased AI adoption across sectors to add $293bn to Saudi economy
- Drone delivery, logistics platform Quix raises $800k in funding
- Saudi non-oil PMI index hits 3-month high of 55.2 in April
- Kingdom expected to lower oil prices for Asian markets
- Saudi Eastern Province authorities carry out 1.3k COVID inspections
- GIZ Egypt to provide $120mn in funding for VC University initiative
- Egypt expected to receive millions of COVID vaccines in May, June
- Night prayers banned in Egypt to contain spread of COVID infections
- All parks and beaches to be closed for Sham El-Nessim holiday
- Direct flights from Russia to Egypt expected to begin in June
- Huawei to train Pakistani public officials on digitization
- JazzCash launches app dedicated to business owners
- Blinq partners with NIFT to enable e-com payments
- Roshan Digital Accounts to have digital banking solutions enabled
- Pakistani freelancers earned over $2mn from abroad since Jan 2020
Other MENA+ Developments
- MENA: Over 83GW of renewable energy projects planned across the MENA region
- Qatar: iLife Digital to establish electronics manufacturing facility in Qatar Free Zone
- Qatar: QIB launches AI virtual assistant "Zaki"
- Jordan: STS partners with Jordan Islamic Bank to launch digital services
- Kuwait: Unvaccinated Kuwaitis barred from travelling abroad
