Network International launches AED-backed stablecoin POS payments, KSA's PIF raises Umm Al Qura stake, Jefferies to introduce new GCC Index, European businesses push for ASEAN free trade deal, India prepares to host BRICS summit this weekend
Here’s a look at today's biggest tech stories in the MENA+:
- India's PhonePe chooses UAE as first foreign market
- Marlan Space, Loft Orbital announce $1B AI satellite infra initiative
- Network International launches AED-backed stablecoin POS payments
- Alpha Wave to back India’s Adani Airport
- DP World ramps up Kenya expansion with new SEZ
- Primark partners Alshaya to open first store in Riyadh in 2027
- Kingdom expands global AI ties with leading tech companies
- Traffic authority introduces fines for illegal racing and convoys
- Saudi business confidence climbs on industry, services optimism
- PIF raises Umm Al Qura stake
- SFE establishes dedicated sub-fund for industrial investment
- Energean could double local oil and gas production
- Oil imports surge over 3x in H1 2026 amid Hormuz closure
- 83% of local businesses seek to expand agentic commerce
- Swvl’s HSBC working capital facility raised by 110% to $1.4M
- Belt and Road Initiative partners asked to join CPEC Phase II
- Remittances hit $3.66B in August led by KSA
- Auto sector faces major restructuring under new panel
- Pakistan's AI education push needs more than tech
- Pakistan-Africa business platform launched to boost East African investments
Other MENA+ Developments
- Saudi Arabia, Syria explore joint industrial city investment
- Afreximbank eyes Instapay link to boost Egypt-Africa cross-border payments
- Napster, Kameha Ventures partner to drive AI advancement
- Saudi Arabia approves war risk insurance for cargo and vessels
- Jefferies to introduce new GCC Index tracking 30 most liquid listed firms
Southeast Asia Developments
- European businesses push for ASEAN free trade deal
- Thailand unveils new measures to expand SME credit access
- Singapore retail sales post slowest growth in 6 months
- Bad loans rise in Philippines amid consumer strain
- Philippine peso slumps to fresh record low against dollar
India Developments
- Flipkart launches standalone q-commerce app, food delivery pilot
- Agentic commerce seen driving next phase of fintech, consumer business growth
- UPI has room to expand in rural areas, offline access
- India prepares to host BRICS summit this weekend
- Photonics tech industry seen growing 4x to $10B by 2031
