Former Deputy CEO appointed as CEO of Dubai Financial Market, while Riyadh office demand grows on regional HQ push
Here’s a look at today's biggest tech stories in the MENA+:
- UAE, Indonesia central banks partner on digital payments, anti-money laundering
- Visa opens CEMEA headquarters in Dubai
- Lack of fossil fuel investment harms energy transition, UAE Minister says
- Former Deputy CEO appointed as CEO of Dubai Financial Market
- Dubai business conditions reach two-year high with Expo 2020 boost
- Riyadh office demand grows on regional HQ push
- channels by stc partners local fintech Geidea for SME services app
- Saudi Ports Authority to invest $2.4bn in local port capacity
- Investors in Saudi public funds reach record high
- Digital Government Authority launches regulatory sandbox
- Alstom awarded $1bn rolling stock contract for Cairo Metro
- Egypt issues first unified ticket for all types of transport
- Abu Dhabi Ports to invest $500mn in two Egyptian ports
- Al Jazeera teases Egypt comeback, advertising on billboards
- Arab investors consider SPACs targeting Egyptian pharma companies
- Pakistan, UAE sign MoU covering greentech, environment
- NA passes National Accountability Bureau and journalist protection bills
- Mastercard, One Network partner to digitize Pakistan's road toll payments
- Pakistan seeks to replicate Indonesia's tech unicorn successes
- SMEs push back on 9% interest rate under SBP's Asaan Finance Scheme
Other MENA+ Developments
- Kuwait Government resigns in move to potentially end impasse
- Investcorp buys UK industrial assets, European property portfolio hits $1.3bn
- Lebanon Prime Minister promises to hold elections before end of parliament mandate
- Israel’s Israir to resume Morocco flights
- QIB launches Qatar's first video banking service on app
Southeast Asia Developments
- Indonesia-focused Alpha JWC Ventures raises $433mn IFC-led round
- ISOTeam to create autonomous drones for building painting
- Oracle opens Singapore cloud region
- Singapore, Philippines sign agreement to facilitate digital remittances
- Malaysia, UK sign digital economy MoU
India Developments
- Edtech ByJu's raises $1.2bn through term loan from overseas market
- India BNPL expected to grow to $45-50bn by 2026 from $3-3.5bn now
- Future Retail seeks Supreme Court intervention on Reliance deal
- Tata seeks consumer consent from group companies ahead of super app launch
- IT companies focus on work environment, learning and ESOPs in talent war
