Dubizzle Group acquires Drive Arabia, while China’s Citic to establish Saudi industrial city, logistics zone
Here’s a look at today's biggest tech stories in the MENA+:
- Dubai Council formed to boost competitiveness, quality of life
- Dubizzle Group acquires Drive Arabia
- New gas reserves discovered in Sharjah
- Multiply Group plans media unit IPO within next 12 months
- Mubadala Capital to invest $13.5B in Brazil biofuels project
- Fintech Rasan to offer 30% of shares in Riyadh IPO
- Startups raised $3.3B from VCs over last decade
- Hong Kong, Chinese companies eye investment push
- Japan seeks to boost IT cooperation with Saudi Arabia
- China’s Citic to establish industrial city, logistics zone
- Fitch upgrades outlook to positive from stable
- Tax-free car import initiative to bring in $1.9B
- Egypt prepares for another summer of power cuts
- Libya, Egypt exploring joint free trade zone
- Inflation rises past 21% as devaluation fallout spreads
- PTA opposes FBR’s request to block SIMs
- National Cyber Crimes Investigation Agency established
- Saudi Crown Prince to visit next week
- Qatar to ink MoU for Pakistani skilled labor
- Fast Cables to launch one of Pakistan’s biggest IPOs this month
Other MENA+ Developments
- KSA accounts for over a third of Gulf exports to China
- Kuwait to implement new regulations to bolster local workforce
- Construction of $3B Oman-UAE rail network to begin soon
- Morocco, US-based Iozera to set up data center, AI hub
- Morocco's bourse eyes 3-5 listings per year, 2x foreign investors
Southeast Asia Developments
- 100 Saudi companies to explore investments in Thailand
- Indonesia to get Starlink’s broadband services within next 2 weeks
- Singapore data center operators seek govt support for renewables pivot
- Philippine cenbank toughens rules to tackle money laundering
- Companies embrace unified standards ahead of Vietnam’s emissions rules
