UAE’s MGX in talks to invest in OpenAI again, Saudi stocks hit lowest since April 2021, Bahrain and France to partner on civil nuclear energy, Vietnam introduces draft law to address digital platform competition and consumer data protection, India's largest bank SBI sees cyberattack affecting customer records
Here’s a look at today's biggest tech stories in the MENA+:
- G42, AMI Labs to explore physical, industrial AI uses
- Eli Lilly, Mubadala Bio to localize packaging, logistics of GLP-1 medicines in Abu Dhabi
- MGX in talks to invest in OpenAI again
- Mubadala, Centerbridge in talks for $1.3B Canaccord Wealth acquisition
- UAE's Nusseibeh emerges as contender to be next UN secretary-general
- ZATCA issues October 31 VAT filing reminder
- Kingdom inks energy MoUs with Mongolia, Tanzania, Cyprus, Mauritius
- Mastercard, Enjaz partner to expand card offerings
- JP Morgan facilitates Syrian deal for Saudi oil in first letter of credit for over a decade
- Saudi stocks hit lowest since April 2021
- TMG, govt sign $202B agreement for four multi-use mega-projects
- Egypt to complete Decent Life development program by 2030
- Egypt, Russia agree to begin work on Russian Industrial Zone
- RMBV to acquire 50% stake in ATCO Pharma
- MNT-Halan may exceed $10M AI budget for 2027
- PM approves draft auto policy with tax relief for EVs, higher levies on petrol cars
- Hubco pauses 100MW data center project amid power challenges
- Significant issues remain unresolved in Pakistan-US trade pact negotiations
- Upcoming BYD plant to initially rely entirely on imported raw materials
- Phone industry misses localization target as value addition remains at 10-15%
Other MENA+ Developments
- UAE, Saudi Arabia, Bahrain pledge France diesel supply
- Bahrain, France to partner on civil nuclear energy
- HSBC CEO sees Strait of Hormuz potentially becoming redundant
- FIA says Qatar, Abu Dhabi GPs to go ahead
- Hapag-Lloyd expands China-Morocco service
Southeast Asia Developments
- Singapore's DayOne could delay, shrink planned US IPO over data center volatility
- China's Moonshot AI expands to Singapore
- Vietnam introduces draft law to address digital platform competition, consumer data protection
- Autonomous logistics maker Neolix partners Sunway to sell vehicles in Malaysia
- Thailand to finalize data center rules by Q1 2027
