UAE's ALEC to go public, Saudi digital remittances surge, Talabat resumes Qatar services, Vietnam approves stock market reforms, India simplifies rules for sovereign, overseas funds
Here’s a look at today's biggest tech stories in the MENA+:
- Chief AI officers meet with Big Tech under govt program
- Wio Bank reaches profitability, now serves 105,500 businesses and freelancers
- Cyber Security Council issues warning on online accounts’ security risks
- ALEC to sell 20% stake in Dubai IPO
- Emaar eyes global expansion via M&As
- 59% of Saudis send remittances through digital apps
- CMA allows sukuk, debt instruments through securities crowdfunding platforms
- Nami, Lockheed Martin to manufacture aerospace, defence parts in Saudi Arabia
- WrestleMania 43 to be held in Riyadh in 2027
- BNPL startup Tamara in talks for $1.4B financing
- Modon to invest $940M in Ras El Hekma infrastructure
- China's Sungrow plans 10GW battery storage factory
- Egypt Healthcare Authority launch national telemedicine platform
- Govt completes census of state-owned companies, targets $1.9B stake sales this year
- Real estate resale activity slumps due to payment pressures
- Virtual Asset Regulatory Authority invites global exchanges, VASPs to submit for licensing
- SBP launches CBDC trial
- Google for Education plans KP Chromebook assembly
- PTA to begin licensing fixed satellite services
- Internet services still affected by Jeddah undersea cables disruption
Other MENA+ Developments
- GCC domestic worker wage hike to not be enforced by Philippines
- Morocco, Mistral AI sign MoU to develop local competencies
- QIA to invest in Toppan's chipmaking component subsidiary
- GCC banks fall behind UAE in fraud protection measures
- Talabat resumes services in Qatar following suspension
Southeast Asia Developments
- Vietnam approves reforms to upgrade stock market status
- Indonesia's GoPay expands QRIS payments to Japan, targets China next
- Thailand sets lower mobile banking transfer limit to tackle fraud
- Singapore exchange to launch index beyond benchmark STI
- Carro plans M&A, Australia expansion
India Developments
- India simplifies rules for sovereign, overseas funds accessing local markets
- Xiaomi's India business hit by regulatory scrutiny, weakening market share
- Govt proposes 20-year tax exemption for data center developers
- Fintechs roll out loan against mutual funds offerings
- Data center firms seek simplified approvals, regulations in upcoming policy
