3 companies secure UAE gaming-related vendor licenses, while Saudi CMA launches consultation on FDI, market access reforms
Here’s a look at today's biggest tech stories in the MENA+:
- Over 450 firms join Ajman’s new free zone in 2 months
- UAE expected to lead growth among emerging markets next year
- Dubai stock index hits decade high, defying regional falls
- 3 companies secure gaming-related vendor licenses
- Mubadala invests in Belgian business software provider Odoo
- Saudi private sector employment up 35% in 5 years
- Projects under local content initiatives hit $213B
- CMA launches consultation on FDI, market access reforms
- Mobily, Iraq's IQNET to explore data center, digital solutions collaborations
- Tuwaiq Academy partners Misk for tech training initiatives
- Egypt, UAE ink solar investments, industrial zone deals
- CBE to roll out eKYC services by mid-2025
- 15% growth in medical exports targeted by next year
- Govt reiterates role of nuclear power in energy diversification
- Talabat launches initiative to boost small vendors
- New Energy Vehicle Policy launched targeting 30% EVs by 2030
- Qatar seeks enhanced IT, cybersecurity cooperation
- Azerbaijan commits to invest $2-3B in Pakistan
- P@SHA sees VPN ban raising IT operational costs by $150M every year
- Council of Islamic Ideology edict declares VPNs to access blocked content "un-Islamic"
Other MENA+ Developments
- Regional IT spending expected to rise 7.4% next year
- KSA accounts for three quarters of region’s climate tech investments
- Gulf approves fund passporting framework to integrate financial markets
- ZainTECH, Tencent collaborate on digital twin applications
- Orange Egypt commits $52.7M to support innovation among African youth
Southeast Asia Developments
- Indonesia to raise renewables share to 42% by 2040
- Singapore-based Locad raises fresh funds for Mideast push
- Philippine peso drops to 2-year low against dollar
- Vietnam’s Vingroup sets up $39M robotics R&D arm
- LG plans software jobs in Vietnam with value chain shift
India Developments
- Insurtech sector valued at $13.6B with over $2.5B funding
- VinFast exploring EV venture with Adani Group, Megha Engineering
- Zomato accounted for 58% food delivery market share in Q1
- Adani Group’s market value drops $30B following US indictments
- CCI finds no conflict between competition, data protection laws
