UAE's DMCC plans new financial center, KSA and IOC end Esports Games deal, Middle East among top destinations for AI investments, Indonesia slashes IPO target, Apple reports record India revenue
Here’s a look at today's biggest tech stories in the MENA+:
- DMCC to establish new financial center driving fintech, digital asset growth
- Taqa sells $105M stake in Indian power plant
- Lunate commits $1B to investment platform with Blackrock-owned HPS
- IHC offloads 42.5% stake in Modon to L’imad Holding
- DP World announces $5B ports, logistics infrastructure push in India
- International Olympic Committee scraps deal for first Esports Games
- NESR secures Aramco multi-billion dollar unconventional deal
- CMA to review foreign ownership cap next year
- PIF-backed Lucid to deploy Nvidia tech for world’s first Level 4 AV
- Jahez and noon partner to integrate q-commerce, food delivery services
- GEM to attract 7M visitors annually, boost tourism revival
- UAE’s Emaar to ink Saudi partnership for Egypt project
- Tourism investments to be raised by 60% to $2.4B in FY 2025/2026
- NTI inks deals to boost youth tech skilling
- Egypt, Kuwait seek to enhance investment cooperation
- Pakistan may get 60% of revenue from UAE-run Islamabad Airport
- POS systems installed at 40K retail outlets amid tax expansion drive
- Govt on track to complete PIA privatization by year-end after IMF approval
- Pakistan-China joint consortium established to build regional logistics hub
- PM seeks to tap Saudi demand for AI-driven jobs
Other MENA+ Developments
- Adnoc and Microsoft issue report on AI adoption in energy sector
- PIF, BlackRock to roll out multi-asset investment funds
- Middle East, SEA, India seen as top destinations for AI investments
- Kuwait's KPC targets raising capacity to 4M barrels per day by 2035
- Thawani becomes first Omani fintech to get Visa licence for credit cards
Southeast Asia Developments
- Gulf partners Microsoft to drive data center services in Thailand
- Thailand’s NBTC board asked to speed up national streaming platform
- Indonesia bourse slashes IPO target to 45 firms this year
- Vietnam seeks to ban AI misuse under draft Cybersecurity Law
- Malaysia’s Capital A revives Nasdaq listing plan for subsidiary
