Mashreq and Emirates NBD buy stakes in NewBridge Fintech, while Saudi Arabia attracts over $240B FDI following over 800 reforms
Here’s a look at today's biggest tech stories in the MENA+:
- Adnoc to set up $80B low-carbon energy, chemicals investment firm
- Talabat expands offering to 20% on strong investor demand
- IHC maintains stance on Adani investments following US indictment
- Telr works with Samsung to introduce Samsung Pay
- Mashreq, Emirates NBD buy stakes in NewBridge Fintech
- Kingdom attracts over $240B FDI following over 800 reforms
- Industrial Development Fund provided over $3B boost this year
- Unemployment target revised from 7% to 5% by 2030
- Desalination efficiency rises by 80% as costs cut by half
- Americana to develop $100M Riyadh french fries factory
- Govt considers cybercrime law amendments to tackle AI concerns
- Qatari delegation discusses North Coast real estate investment
- Universal Health Insurance to be implemented in 5 more governorates
- Microsoft seizes 240 Egypt phishing kit websites
- Spinneys aims to triple Egypt business by 2029
- More World Bank assistance sought to support reforms
- US continues to be leading export destination as exports up 9.4%
- Inflation expected to ease to as low as 5.6% by December
- PSX makes landmark surge after protests dampened investor confidence
- Over 1.35M potential taxpayers identified through data-sharing
Other MENA+ Developments
- UAE introduces region’s first licensed lottery draw
- Bahrain and UAE to boost national in-country value programs
- Kuwait partners Chinese firms to set up $800M solar projects
- Jordan targets 100% digitalization of government services by end-2025
- GCC to reach 93% 5G adoption by 2030
Southeast Asia Developments
- Hong Kong eyes crypto tax breaks to boost finance hub status
- Singapore, Thailand to enhance green, digital economy cooperation
- Indonesia considers tax amnesty instead of planned VAT hike
- Amazon reports $1.5B investment in Singapore retail, cloud units last year
- Vietnam's parliament seeks to withdraw tax exemptions for e-commerce giants
