UAE to get $132.5M AI robot hub, KSA mining exploration spending surges, Bahrain taps solar for green push, Vietnam eyes more income tax relief, US may slash India tariffs to 15-16%
Here’s a look at today's biggest tech stories in the MENA+:
- Adia joins GIC, TPG, Blackstone in $18.3B Hologic buyout
- Al Fardan Exchange rolls out salary advance service
- Adnoc Distribution, Terra Tech launch E2W battery-swapping station
- Emirates Driving Company concludes acquisition of Mwasalat Holding
- China’s Lianhe Sowell to set up $132.5M AI robot manufacturing, R&D hub
- Mining exploration spending up 5x in 4 years to hit $280M in 2024
- 17 government employees arrested amid efforts to tackle corruption
- Arabian Dyar, Modon ink deal for 90 ready-made factories to boost SMEs
- Goldman Sachs establishes private wealth management team amid HNWIs surge
- ANB’s TeleMoney, Mastercard in partnership to drive cross-border payments
- Toyota Tsusho explores development of Japanese Industrial Zone
- GAFI seeks Indonesian investment in first promotion mission
- Three state-owned data centers to be built to drive digital goals
- BasharSoft forms largest career services group with iCareer acquisition
- First Egypt-EU Summit begins, paving way for enhanced strategic ties
- INSPIRE initiative launched in semiconductor push
- Govt seeks global investment in energy transition, critical minerals
- Foreign investors’ profit repatriation surge 85.8% YoY
- Green Maritime Corridor announced to revive Pakistan Steel Mills
- AI tools are utilized by 86% of professionals, survey shows
Other MENA+ Developments
- Egypt’s Money Fellows eyes up to $80M funding round for MENA expansion
- Bahrain’s 150MW solar power plant to drive net zero goals
- Kuwait, Turkey’s Kuzu ink deal for $500M wastewater treatment plant
- New partnership to facilitate Saudi link to Medusa Submarine Cable System
- Syria aims to have US sanctions fully lifted within next few months
Southeast Asia Developments
- Trump's ASEAN Summit attendance heightens importance of trade, security talks
- Thai commerce ministry partners association for low cost campaign
- Indonesia eyes locally made ‘national car’ within three years
- Singapore leads regional IPO market in Q3
- Vietnam eyes more income tax relief to boost economy
