UAE's Space42 forms AV production JV, KSA to launch stablecoins, Aramex resumes Syria deliveries, Vietnam plans first chip fab, Trump to visit India
Here’s a look at today's biggest tech stories in the MENA+:
- Lunate rolls out AI-focused ETF
- Maxus Coral acquires electronics retail chain E-city
- Lenovo parent firm Legend to build Dubai mobility facility
- Space42, Korea’s Autonomous A2Z form level-4 autonomous vehicles production JV
- Ta'ziz signs $2B deal to build one of the world’s largest PVC complexes
- Over 100 entrepreneurs from over 20 countries get Premium Residency
- CMA, SAMA looking to launch stablecoins soon
- HUMAIN, DataVolt to develop multi-GW data center pipeline
- MrBeast to open Beast Land theme park
- Monsha’at, LinkedIn partner to support companies on knowledge, expertise exchange
- Schneider Electric expands Badr City factory with 81% local content
- Africa's largest financial institution Standard Bank launches representative office
- Energy sector to get boost with expanded electrical parts factory capacity
- Raya subsidiary gets approval for EV charging station
- IFC signs $60M MSME financing agreement with Suez Canal Bank, Attijariwafa Bank
- Chromebook assembly launched as Apple store set to open
- Services exports surge 15% led by ICT sector
- SBP launches InvestPak digital portal for investments in government securities
- New AI Hub launches, to matchmake Pakistani freelancers with Saudi firms
- Pakistan, Germany add $122M to climate, energy partnership
Other MENA+ Developments
- H&M plans Middle East refresh in line with changing retail trends
- Coldchain tech firm CGS launches Saudi IPO
- Aramex resumes Syria deliveries after over a decade
- Value of Jordan gaming market surpasses $300M
- Revolut appoints Morocco operations CEO
Southeast Asia Developments
- Singtel consortium in talks to acquire data center operator STT GDC
- Thailand to offer $150M in subsidies to biotech, robotics, high-value firms
- Thai firms push to prohibit sales of e-commerce imports priced under $100
- Vietnam aims to have first chip fab by next year
- Project Mandala enters phase two, adds India, Philippine, Kuwait, Malaysian central banks
India Developments
- Karnataka cabinet approves Startup Policy 2025-30, to support 25,000 startups
- JSW in talks with Japanese, Korean manufacturers for India battery JV
- SEBI to consult exchanges, banks to review IPOs of small companies
- Trump to visit India following Modi invitation
- RBI says loosened restrictions on bank acquisition financing to help real economy
