ADIA finalizes acquisition of minority stake in Qlik, while Salesforce establishing Riyadh regional HQ this year in $500M AI-focused plan
Here’s a look at today's biggest tech stories in the MENA+:
- DFM unveils centralized securities lending and borrowing initiative
- eToro integrates UAE PASS to improve onboarding
- ADIA finalizes acquisition of minority stake in Qlik
- Industrial exports reach $53.6B on local manufacturing growth
- ADIO to expand San Francisco office, eyes more US startups for health cluster
- Trina Solar to double $750M Saudi, Egypt business over next 2 years
- Salesforce to establish regional HQ this year in $500M AI-focused Saudi plan
- Five cities identified by TGA as self driving friendly
- Saudi Arabia holds off joining BRICS as US tech, nuclear negotiations continue
- E-commerce sales using MADA cards up 73%
- Egypt sees record $3.2B in gold exports in Q1
- Dana Gas invest $100M in Egypt, Iraq expansion
- Maersk expects Red Sea disruptions to continue for the rest of the year
- AD Ports' KIZAD East Port Said deal sparks sovereignty concerns
- Egyptian-US forum to discuss reforms, incentives promoting SCEZ investment
- Govt wants all welfare distribution to be distributed through digital means by 2026
- Pakistan moves remaining PSL cricket matches to Dubai amidst conflict
- CMA CGM imposes emergency surcharge on Pakistan imports, exports
- Cybernet, Nokia partner on 1.2T fibre network connecting 25 cities
- FBR, NADRA designated Critical Information Infrastructure
Other MENA+ Developments
- UAE, KSA, Qatar investments in US could be fast-tracked in new process
- Qatar, Kuwait SWFs in talks to participate in battery giant CATL's Hong Kong listing
- AltNovel, 3iQ partner to launch region's first digital asset multi-strategy fund
- IHC, BlackRock launch $1B reinsurance company in ADGM
- Qatar National Bank opens branch in India's GIFT City
Southeast Asia Developments
- Chinese automakers now rival Japanese in Thailand with EV ecosystem investments
- Vietnam govt plans $20B loan package to support tech, infra projects
- Thai govt's resources stretched thin in war against scam operations
- Chinese firms ramp up Southeast Asia AI infra leases to globalize workloads
- Singapore, EU ink digital trade agreement
