UAE corporate tax registrations surge, Saudi PIF launches Azm program, OpenAI seeks MENA funding, Thailand simplifies IPO regs, e-commerce firms under scrutiny in India
Here’s a look at today's biggest tech stories in the MENA+:
- Hub71 signs first US partnership with NJEDA to scale startups
- OpenAI's secondary share sale draws investors including MGX
- Tanzania’s largest bank CRDB to set up hub in Dubai
- Corporate tax registrations surpass 640,000 with record compliance levels
- Binghatti in talks for potential IPO
- GO Telecom to launch Pakistan AI hub
- PIF-owned Site to rollout first locally made cybersecurity products
- SAP to deploy SAP Business Network for public sector with data sovereignty compliance
- PIF launches Azm program to train Saudis at portfolio firms
- Paymentology to establish regional HQ in Riyadh
- IMF open to Egypt postponing privatization efforts to next year
- PM proposes use of state-owned companies to invigorate EGX
- Startup investments grew sevenfold in Egypt over last five years
- Sungrow breaks ground on battery storage factory
- Proparco, Amethis, SPE Capital to acquire Delta Chemicals
- Pakistan begins $500M US partnership, shipps first critical minerals to US Strategic Metals
- Pakistan in discussions with US to develop Arabian Sea port
- Meta rolls out Instagram Map in Pakistan
- Jazz's GameNow partners Garena Free Fire for esports tournament
- 250,000 BISP beneficiaries to be trained in digital finance skills
Other MENA+ Developments
- Tesla launches Cybertruck sales in Qatar, expanding Middle East operations
- OpenAI's Altman begins Middle East, East Asia tour for infra funding
- DP World partners PayPal to facilitate trade cross-border payments
- Ooredoo, DE-CIX unveil Qatar's first commercial internet exchange point
- Casablanca Stock Exchange launches program to promote industrial firms
Southeast Asia Developments
- Singapore-US Bifrost subsea cable reaches 'ready for service' status
- Indonesia lifts TikTok license suspension as app agrees to share data
- Thailand to simplify IPO, foreign listing regulations
- Malaysia expects chip sector to remain resilient despite US' '1:1 Import' policy
- Vietnam says no proposals yet for digital asset pilot
India Developments
- Cabinet ministers call on public to adopt domestic alternatives to US apps
- Big tech delays decisions to lease India data center capacity amidst uncertainty
- RBI plans intervention as rupee nears record low
- Govt draws red line in US tariff discussions
- Department of Consumer Affairs investigating e-commerce firms over cash-on-delivery charges
