UAE commits to 47% emissions cut by 2035, while Sabic opens $170M Singapore ULTEM resin plant
Here’s a look at today's biggest tech stories in the MENA+:
- UAE commits to 47% emissions cut by 2035
- Talabat IPO could see much higher $9-12B valuation
- Food Tech Valley signs investment deals with foreign agri firms
- Abu Dhabi Statistics Center releases Data for Good framework to support PPPs
- UAE-India deals to support green opportunities
- Bus, train ridership up 176% and 33% respectively in 2023
- Riyadh Bank's Jeel partners SCB-backed Audax to offer BaaS solutions in Saudi Arabia
- Kaspersky emphasizes role in Saudi digital growth
- Google AI data center plans raise concerns of impact on climate goals
- Sabic opens $170M Singapore ULTEM resin plant
- Agthia Group sees strong Egypt growth despite currency headwinds
- 37% of public investment in FY24-25 dedicated to sustainable infra
- Govt approves Energy Strategy 2040, to massively expand renewables
- Chinese wind turbine maker Envision chosen to supply Acwa's giga-scale project
- MAFI gets golden license for $180M agri-food industrial project
- Remittances up 24% YoY in Oct, up 7% MoM
- Digital tech to add $6.6B in annual export value by 2030
- Withdrawal of foreign banks blamed on national credit pofile
- CERT issues cybersecurity advisory on chatbot risks to security
- Tax-to-GDP ratio drops to 8.8% in 2023-24 as collections slide 21.5%
Other MENA+ Developments
- ROSCA fintech Wafir gets approval to join Qatar Central Bank sandbox
- GCC central banks follow Fed, cutting interest rates
- Wellington Management inaugurates DIFC office, to expand Middle East operations
- Dubai climbs 4 spots to rank world's 5th best city brand
- National Bank of Bahrain begins BBK merger proceedings
Southeast Asia Developments
- Singapore's SGQR+ to expand payments services internationally
- Chinese players pile into Southeast Asian e-commerce
- Indonesia, Thailand, Vietnam top Southeast Asia e-commerce markets
- Philippines renewable energy certificates market to be fully operational this year
- AstraZeneca's $1.5B Singapore plant to create over 800 jobs
