UAE's homegrown AI models lose momentum amid US, China competition, while BNPL firm Tabby expects IPO in next 12-18 months
Here’s a look at today's biggest tech stories in the MENA+:
- Homegrown AI models lose momentum amid US, China competition
- Tencent Cloud partners C.live to improve event streaming quality
- DFM, Taiwan Stock Exchange to enhance cross-border cooperation
- $697B Islamic banking assets targeted within 6 years
- Foreign investors fuel DFM surge amid global finance hub ambitions
- BNPL firm Tabby expects IPO in next 12-18 months
- NEOM backs US-based Edge AI semiconductor firm MemryX
- Mining, mineral resources deal expected with the US
- Capital A to expand to Saudi Arabia with new flights, digital travel services
- Kingdom eyes helicopter manufacturing partnership with Airbus
- Chevron acquires oil exploration rights in West Star block
- IFC plans $1B boost for agri-food sector this year
- FRA warns against unlicensed investment platforms
- New initiatives, reforms set to boost export competitiveness
- UAE and Egypt ink MoU to tackle anti-competitive practices
- Govt to end tax breaks for Special Economic Zones over next decade
- Punjab set to launch pilot program for 1,100 electric taxis
- 63 regulatory reforms planned to ease business procedures
- Refinery upgrades face foreign funding challenges
- National Grid Company undergoes restructuring
Other MENA+ Developments
- Pony.ai partners Uber to roll out autonomous taxis in Middle East
- Regional IPO proceeds double in Q1 led by KSA
- UAE, OPEC Fund to back $25B Morocco-Nigeria gas pipeline
- Oman eyes expansion of gas pipeline capacity
- Uber to acquire 85% stake in Turkey's Trendyol GO worth $700M
Southeast Asia Developments
- Grab doubles down on fintech investments in profitability push
- SEA private green investments surged 43% to hit $8B last year
- Toyota expands presence in Indonesia used-car space
- Djarum Group unveils first Indonesia-made EVs
- Vietnam’s e-commerce startup Tiki falls from soonicorn status to sub-$10M
