G42 partnering Cisco to scale AI adoption locally, while KAUST will support Lucid's EV tech development with supercomputing capabilities
Here’s a look at today's biggest tech stories in the MENA+:
- Jebel Ali FreeZone to invest $2.3B in expansion, infra upgrades
- G42, Cisco to partner on scaling AI adoption locally
- Tax authority to waive penalties for late corporate tax registration
- Space42, Gatehouse complete tests for direct-to-device Thuraya Direct messaging service
- DP World trials hydrogen-powered cranes to cut carbon emissions
- Tadawul market cap grew over 450% over last decade
- Ronn to build hydrogen truck factory with $4B JV
- MBS Group to operate AlUla Studios
- SDAIA opens registration for One Million Saudis in AI training initiative
- KAUST to support Lucid's EV tech development with supercomputing capabilities
- BRICS' New Development Bank to launch its first financing operation in Egypt
- Report finds $1.4B annual opportunity cost to private sector's under-digitalization
- Egypt to host Egyptian-US Investment Forum this month
- Green Valley signs licensing agreement to operate passenger transport with EV fleet
- FRA, Local Development Ministry, collaborate on expanding non-banking services
- Govt launches first green sukuk, $71-110M issuance to be auctioned on PSX
- Secure Logistics Group gets CCP approval for Trax Online acquisition
- MoITT policy to focus on AI ecosystem development before considering regulation
- Pakistani stocks hit five-month low as India tensions escalate
- Twitter services restored after 15-month ban
Other MENA+ Developments
- Disney to open Middle East's first theme park in Abu Dhabi
- US expected to ease chip export curbs in GCC
- 1 in 5 Ripple customers now based in Middle East
- Qatar to fund Syrian civil service salaries
- Bahrain SWF Mumtalakat reports record profits, pivoting to local investments
Southeast Asia Developments
- GoTo set to sell international unit to Grab in Q2
- DP World expands to Singapore with first logistics asset
- Chinese Premier to attend ASEAN-Gulf Summit in Malaysia
- Toyota buys 40% stake in secondhand cars seller Astra Digital Mobil
- SeaMoney rebrands, opens new digital financial services HQ in Singapore
India Developments
- Fujifilm to build chip materials factory to supply government-backed semiconductor project
- ChatGPT Enterprise, API user data to be stored locally
- RBI bumper payout to offset some of tax revenue shortfall
- Starlink gets approval to operate satellite internet services
- UK-India FTA showcases willingness to make concessions to boost trade
