MENA's largest biofuel facility launched in Fujairah, while Saudi Cabinet approves new FDI framework
Here’s a look at today's biggest tech stories in the MENA+:
- National Investment Strategy 2031 launched targeting 3x FDI balance
- EDGE, Fincantieri partner on unmanned underwater tech
- Adnoc inks $920M deal to bolster AI-powered digitalization program
- Banking sector capital, reserves up 10.5% YoY to reach record high
- Region’s largest biofuel facility launched in Fujairah
- China chooses Kingdom for 1st sale of dollar bonds in 3 years
- Cabinet approves new FDI framework
- Capital investment up 6.1% in Q2 on strong private sector activity
- 11 exploration permits issued amid mining push
- Major film production hub launched to boost local content
- Non-oil economy continues decline amid price pressures
- Govt seeks $4B foreign renewable investments next year
- SCZone plans $3B infrastructure boost to woo investors
- Egypt, Nigeria represent 1/3 of Africa's internet users
- Petroleum ministry explores mining cooperation with UAE’s IRH
- IT sector seeks SIFC support amidst internet disruptions
- KSA, UAE invest $26.8M as FDI up 48% in Q1
- More digital payment providers granted approvals for pilot services
- FBR plans tax policy reforms to target large retailers
- Pakistan secures $5B investment from Qatar, Azerbaijan
Other MENA+ Developments
- StanChart, Wise to boost FX transactions in Mideast, Asia
- Majid Al Futtaim shuts Carrefour Jordan to launch new chain Hypermax
- Qatar launches 2024-2030 national strategy to bolster workforce
- Qatar to push ahead with constitutional amendments with 90.6% approval
- Turkey's Trendyol plans $2B GCC investment over three years
Southeast Asia Developments
- Thai food delivery giant Line Man Wongnai enters ride-hailing
- Singapore's Keppel set to acquire Japanese AI-ready data center
- Malaysia eyes more family offices to drive high-growth sector investments
- Ridehailing app Bolt to soon launch operations in Malaysia
- Southeast Asia digital economy to hit $11B profit this year
