ADIA boosts internally managed assets to 64% from 55%, while Saudi SAMA issues final e-wallet rules
Here’s a look at today's biggest tech stories in the MENA+:
- ADNOC secures 10-year LNG supply deal with India's GAIL
- Lulu sees muted market debut after mega IPO
- Startup funding expected to rise 3x to reach $2B this year
- ADIA boosts internally managed assets to 64% from 55%
- IHC launches $1.4B share buyback
- Latest stc deal may signal more secondary share sales
- SAMA issues final e-wallet rules
- World’s biggest green hydrogen plant to begin operations in 2026
- Saudi Arabia signs renewables partnership with Azerbaijan, Uzbekistan, Kazakhstan
- Sukuk, debt market reforms set to attract more investments
- IMF set to finalize 4th review of loan program next week
- Govt inks 2 MoUs for renewable energy push
- MCIT to integrate tech in curricula through new partnerships
- Unemployment rate inches up to 6.7% in Q3 2024
- Telecom Egypt, Vodafone Egypt ink $600M deal to develop 5G
- First National Climate Finance Strategy launches
- EV policy delays cause investor, consumer uncertainty
- Privatization board turns down sole bid for PIA
- Pakistan to work with China for 2028 lunar exploration mission
- UAE exploring desalination, transport investments
Other MENA+ Developments
- Fitch gets Saudi approval to establish regional HQ
- Lebanon’s economic losses hit $5.1B due to conflict
- Kuwait’s e-commerce sector to grow over 12% annually until 2028
- Qatar inks 8 deals with Turkey to boost ties
- Boeing seeks to drive innovation in Qatar’s aerospace sector
Southeast Asia Developments
- Regulator prepares to tap nuclear energy in Thailand
- Singapore startups remain invested in US despite tariff concerns
- Less than a quarter of Philippine businesses are AI-ready
- Vietnam’s Viettel rolls out first-ever Open RAN 5G network
- Vietnam’s FPT to soon get Nvidia chips for AI cloud services
