Emarat and G42 to explore AI applications in energy and mobility, KSA hikes electricity and water tariffs from next year, Cisco and Mannai to develop sovereign AI infra in Qatar, Indonesia tightens stock manipulation crackdown after MSCI crisis, Tata Communications plans $450M AI fiber network project in India
Here’s a look at today's biggest tech stories in the MENA+:
- Emarat, G42 to explore AI applications in energy, mobility
- Scale AI sets up Dubai office
- Alpha Dhabi to expand AI investments with $1B Alpha Wave III commitment
- Alpaca gets FSRA approval to expand brokerage
- Apollo buys minority stake in Mubadala Capital
- Sabic posts 15% profit growth despite declining revenue
- Govt hikes electricity, water tariffs from next year
- Minimum wage threshold under Nitaqat Saudization program to be raised
- GEA chief backs WWE event amid regional security concerns
- SABIC’s Fujian petrochemical complex to begin operations in Q4
- New initiative to target five unicorn startups over next 5 years
- Banque du Caire prices IPO at top end of range amid high demand
- Egypt, World Bank launch mining partnership, national charter
- Industry Ministry plans new ‘Qeema’ certificate to drive local value
- Egypt to take part in Russia-Africa summit discussing trade, food security
- SBP hikes policy rate to 12% as inflation risks worsen
- Privatization Commission, Public-Private Partnership Authority to be merged
- Targeted power subsidies to be introduced from January 2027
- UN agency warns of widening fruit, vegetable supply gaps
- Pakistan, US to boost energy cooperation
Other MENA+ Developments
- Israel holds general election in pivotal moment for region
- Libya regains international aviation access after 11-year restrictions
- Cisco, Mannai to develop sovereign AI infra in Qatar
- India’s Adani Ports establishes Oman subsidiary
- Oman NCSI survey finds 43% of Omanis use AI tools
Southeast Asia Developments
- Thailand accelerates nuclear study to meet 2037 target
- Indonesia’s free university push for AI seen straining budget
- Indonesia tightens stock manipulation crackdown after MSCI crisis
- Singapore-linked data center projects see pushback in Indonesia
- Vietnam’s first chip plant expected to miss 2027 target amid delays
India Developments
- Govt reviews capital market levies as FPI outflows surge
- Income-Tax Department seeks disclosure of foreign assets under new scheme
- Tata Communications plans $450M AI fiber network project
- Data Protection Board of India (DPBI) not functional as deadline looms
- Outward FDI down 14% to reach $4.34B in September
