ADNOC plans $55B to boost UAE supply chains, KSA’s reserve assets hit 6-year high, US approves $8.6B worth of weapons sales to MENA allies, Singapore launches consultation on AV framework, India's D2C brands tackle rising costs
Here’s a look at today's biggest tech stories in the MENA+:
- ADNOC plans $55B in new projects to boost local supply chains
- AIQ to capitalize on new energy opportunities after UAE's OPEC exit
- Dubai Financial Market’s net profits up 43% in Q1 despite brief closure
- US-based OPAQUE acquires TII’s advanced cryptographic AI technologies
- ITU adopts UAE-led resolution condemning attacks on Mideast telecom infra
- National roads network undergoing major upgrades to support Hajj
- Football media platform Koora Break establishes Riyadh HQ
- Saudi Arabia, Syria seek to boost land transport cooperation
- SAMA’s reserve assets reach $496B in March, hitting 6-year high
- MSC adds Europe-Gulf land bridge route bypassing Hormuz
- New natural gas discovery announced in Nile Delta
- Chinese tech brands push back laptop assembly plans amid higher costs
- SFE appoints EFG Hermes to oversee Misr Life Insurance IPO
- Industrial developer Income Co. to set up data center
- Huawei announces AI-focused network solutions for Northern Africa
- Govt seeks to bring back oil refinery policy to ease import reliance
- REIT reforms in the works to help boost capital markets, woo investment
- PVARA asked to accelerate rollout of virtual assets regulations
- Pakistan seeks Saudi JV for strategic oil storage facilities amid supply risks
- Energy sector sees increasing cyber threats amid digitalization push
Other MENA+ Developments
- US approves $8.6B worth of weapons sales to regional allies
- ADNOC Drilling now has 30 rigs across Oman, Kuwait, Bahrain
- Fitch maintains Abu Dhabi, Qatar’s sovereign credit ratings
- Qatar unveils mascot as it prepares to host 4th GCC Games Doha 2026
- Media City Qatar reaches 500 licensed firms, up 5x since 2024
Southeast Asia Developments
- ADB announces finance scheme to support critical mineral supply chains
- US keeps Thailand on trade watch list, calls for tackling online piracy
- Indonesia’s expanded control over Gojek, Grab dampen profitability outlook
- Singapore launches consultation on AV deployment, safety framework
- Vietnam's smaller firms take on conglomerates in AI hiring race
India Developments
- GalaxEye launches largest private satellite aboard SpaceX’s Falcon 9
- UpGrad to acquire Unacademy at $218M valuation
- Online Gaming Authority of India (OGAI) to first register e-sports entities
- D2C brands review pricing, product strategy as costs rise
- Digitalization reforms boosted MSMEs’ productivity, IMF says
