More African firms register in Dubai as trade grows to $50bn, as Saudi Arabia commits to 2060 net zero emissions target
Here’s a look at today's biggest tech stories in the MENA+:
- More African firms register in Dubai as trade grows to $50bn
- French express parcel company Geopost buys 20.2% stake in Aramex
- ADDED announces "Virtual License" to allow non-resident foreign investors to hold license to do business in Abu Dhabi
- Abu Dhabi Customs automates e-commerce procedures under TAMM government services platform
- UAE seeks private sector investment in space sector
- Kingdom commits to 2060 net zero target and Global Methane Pledge ahead of COP26
- Riyadh announces 30% EVs by 2030 target
- Saudi Stock Exchange reportedly seeking to recast small-cap market as regional startup listing hub with new incentives
- WWE stars to deliver targeted messages to young people on cyberbullying
- Saudi Telecom venture capital arm STV seeks to raise $1bn for second Middle East tech fund
- Water-scarce Egypt issues tenders for 17 new desalination plants to quadruple capacity in five years
- Egypt announces aim to become Arab electricity interconnection hub
- CIT Ministry partners Microsoft on grant to prepare youth for future jobs
- Intigral partners with Etisalat to launch JawwyTV digital entertainment in Egypt
- Sovereign Fund of Egypt aims to double assets to $1.8bn in a year
- Mobile banking drives 31.1% year-on-year increase in digital financial transactions, SBP review shows
- Small business bourse Growth Enterprise Market Board to see first IPO
- SBP finalizes comprehensive digital banking plan, with plans for approval within a month
- Pakistan to build first green hydrogen plant in Sindh
- Four digital wallet companies' fintech licenses being processed, adding to two full licenses already granted
Other MENA+ Developments
- Qatar introduces requirement for employers to provide private health insurance for expats
- Tunisian President Kais Saied promises national dialogue that would include youth and exclude "traitors"
- Zain launches new regional tech entity
- Kuwaiti Emir launches amnesty process, fulfilling opposition lawmakers' condition for ending legislative standoff
- Oman Sultanate launches National Digital Economy program
Southeast Asia Developments
- Vingroup to build $387mn battery plant in Vietnam to supply its EV manufacturer VinFast
- Vietnam’s largest listed steelmaker enters appliance market as manufacturers shift production out of China on high costs
- Malaysia's largest fiber optic manufacturer Opcom enters JV with Global Forway to bid for 5G contracts
- Indonesia unveils Digital Transformation Strategy at ASEAN meeting
- SGX opens international financial services center in Gujarat in boost bilateral investor access