UAE's DMCC introduces SPV and Holding Company licenses, while Saudi low-cost carrier flynas to launch IPO this month
Here’s a look at today's biggest tech stories in the MENA+:
- DMCC introduces SPV and Holding Company licenses
- Dubai eyes partnerships to boost data center capacity 5x by 2028
- UAE partners France for 1-Gigawatt AI data center
- Dubai tops FDI in creative and cultural industries for 3rd year
- Ajman unveils report on emirate’s investment landscape
- Low-cost carrier flynas to launch IPO this month
- Hospital operator SMC plans IPO to offload 30% stake
- BlackRock, Citi CEOs to join Trump in Saudi visit
- 'Westfield' branded shopping centers to come under Cenomi Centers deal
- AI, digital partnership to anchor US-Saudi ties
- IMF to start 5th review of $8B loan program this week
- Ministry of Economy to boost cooperation with Egyptian Competition Authority
- Scatec breaks ground on major solar and battery storage project
- Elsewedy Electric buys controlling stake in Thomassen Service
- Current account gap shrinks amid remittance surge
- GSMA calls for tax relief in telecom industry to support growth
- Govt say not scrapping Export Facilitation Scheme
- Global carriers avoid Pakistan airspace as India tensions rise
- SBP cuts policy rate to 11% from 12%
- Govt may tax high pensions, raise income tax exemption threshold
Other MENA+ Developments
- Regional firms lag in using AI for skills, talent deployment
- Chinese firms outpace US peers in Mideast cloud space
- Regional climate cooperation increasingly challenging amid unrest
- Ajman Bank partners Yubi MENA to boost SMEs
- Oman Investment Authority, Algeria plan $300M investment fund
Southeast Asia Developments
- Thailand may be hit with $24B loss on Trump tariffs
- Indonesia suspends Sam Altman’s biometric identity project
- CATL seeks $1B loan to boost Indonesia EV battery plant
- Singapore-based Carro eyes 3x earnings before seeking IPO
- Singapore pushes ahead with construction of biggest airport terminal
