Dubai rolls out ‘Employee to Entrepreneur’ program, KSA licenses new digital bank, Morocco and EU to ink trade deal, Indonesia's e-scooter sales slow, India has no plans to charge UPI transactions
Here’s a look at today's biggest tech stories in the MENA+:
- Ignyte, Binance to launch entrepreneurship platform
- DFSA opens consultation on major changes to crypto token regime
- Al Sayegh Group, Triton EV partner on zero-emission truck manufacturing JV in Abu Dhabi
- Dubai ‘Employee to Entrepreneur’ programme launches, to support staff in becoming entrepreneurs
- Coinbase to focus expansion on UAE, Singapore, EU
- Saudi Exchange launches consultation for SPAC listings on Nomu parallel market
- CMA launches consultation to open Tadawul to non-resident foreign investors
- QNB-Ajlan & Bros JV EZ Bank gets digital bank license
- Aramco, Honeywell, KAUST partner to scale crude-to-chemicals innovation
- Thunes, Banque Saudi Fransi partner on improving international money transfers
- Startups may receive more support for international expansion
- UAE's Gulftainer studying $1B investment in Egyptian ports
- Tourism revenues surpass $9B with over 10M visitors by end-July
- Intella partners Visa to facilitate Arabic conversational AI in financial sector
- Suez Canal Authority asks Maersk to resume transits
- Finance Minister says no new tax measures being developed amidst IMF talks
- Industries Ministry starts PAVE scheme for subsidized EVs
- AI Policy Committee says National AI Policy could add 7-12% of GDP by 2030
- P&G exits Pakistan amidst global restructuring
- Competition Commission clears PTCL's acquisition of Telenor Pakistan
Other MENA+ Developments
- Network International, Magnati complete merger under Network brand
- Qatar's Transport Ministry begins operating electric robotaxis
- DEWA joins the vPAC Alliance in regional first
- Goldman, Carlyle join slew of global finance firms opening in Kuwait
- EU set to sign Morocco trade deal
Southeast Asia Developments
- Thailand SEC to expand crypto ETFs beyond Bitcoin
- Indonesian e-scooter sales slow as subsidies dry up
- Malaysia under threat as US weighs policy requiring firms to manufacture, import chips on 1:1 ratio
- EU, Vietnam to create task force to remove trade barriers
- Malaysia in discussions with China to develop rare earth refinery project
India Developments
- RBI says it will not impose charges on UPI transactions
- Hiring surges led by demand for AI and emerging tech roles
- India to become LG Electronics' global manufacturing hub
- RBI's IPO financing norms expected to deepen primary market
- NIELIT Digital University to launch, democratizing access to digital education
