UAE's Multiply acquires 2PointZero and Ghitha, KSA to continue reassessing giga projects, Tencent bets on MENA cloud growth, SEA to unify cross-border payments, Indian chip startups scale globally
Here’s a look at today's biggest tech stories in the MENA+:
- MGX-backed AI Infra Partnership buys Aligned Data Centers for $40B
- Multiply acquires 2PointZero, Ghitha to form $32.6B firm
- Emirates NBD’s cross-border payment network reaches 40+ countries
- Space42 partners South Korea’s Autonomous A2Z to drive autonomous mobility
- DMT inks 10 MoUs to boost smart mobility, smart city solutions
- Finance minister says to continue reassessing giga projects
- New localization policies announced for tourism sector
- PIF-owned HUMAIN partners center3 for AI infrastructure
- 1.3M sqm of industrial and logistics space added in first half of year
- Zain KSA and Huawei successfully deploy 600 MHz 5G SA
- Subsidized loans initiative expanded to industry, agriculture, renewables
- Egypt, UAE push ahead with Egypt–Europe electricity link
- CBE, China’s National Financial Regulatory Administration ink cooperation MoU
- Tourism up 21% YoY in 9M 2025, set to hit 18M visitors target
- Contact Financial, e& Money in partnership for AI-powered digital finance
- Pakistan, UAE to bolster AI, data, digital governance cooperation
- Egypt’s Suez Canal free zone framework to be adopted for ports
- Online businesses face $700K+ daily losses amid internet disruptions
- Electricity trading market to soon begin operations
- Privatization of First Women Bank approved, paving way for sale to IHC
Other MENA+ Developments
- OPEC SecGen reiterates call for more oil and gas investment
- Tencent sees cloud growth on gaming and super-apps boom
- UAE leads regional VC surge with almost 3x capital deployed in 9M 2025
- Gulf economic growth to remain resilient amid rising oil output
- Lebanon's cabinet to approve long-awaited fiscal gap law
Southeast Asia Developments
- Six Asean payment networks to establish joint cross-border system
- Thailand launches co-payment scheme targeting 900K retail stores
- Indonesia to restart international carbon trade after 4-year pause
- Singapore’s GIC sues China EV maker Nio over alleged revenue inflation
- Japan to carry out high-speed optical comms tests in Singapore
India Developments
- Semiconductor startups eye Taiwan, South Korean foundries for expansion
- E2W maker Ola unveils battery energy storage solution in green push
- India reaches milestone with first locally-made chip module delivered to US firm
- Sebi chief warns of quantum computing meltdown
- Paytm parent brings financial, tech subsidiaries under direct ownership
