Mubadala to sign expansion of UK investment partnership, as Saudi Arabia forms ministerial committee to examine foreign investments in sensitive sectors
Here’s a look at today's biggest tech stories in the MENA+:
- Mubadala to sign expansion of UK investment partnership, committing to invest over $13.9bn in the UK
- Dubai announces new digital economy action plan to attract talent and companies
- UAE plans to invest $691mln in UK fiber infrastructure provider Cityfibre
- Majid Al Futtaim takes over six Shoprite stores in Africa expansion
- Dubai Health Authority launches new policy governing use of AI in healthcare
- Crown Prince announces new human capability development program to prepare citizens for future of work
- Saudi family development organization launches campaign to provide support for internet addiction
- Ministerial committee formed to examine foreign investment in sensitive and strategic sectors
- Average salaries for female citizens exceed that of males for first time in H2 2020
- Mulkia Investment jointly establishes first Saudi cybersecurity fund
- Egypt to sign agreements for electricity export to Cyprus, Greece next month
- Cabinet approves decision to host branch of Canada's Ryerson University in Egypt
- Egypt signs MOU with Toyota to assess production of blue ammonia in Egypt
- Remittances reach all-time high of $31.4bn in FY20-21
- Consumer spending on education to grow 93% by 2025 as more spend on remote learning needs, Amazon Pay report says
- State Bank develops new framework to allow online opening of bank accounts
- Pakistan-China chamber's Ecommerce Gateway partners Alibaba to help Pakistani SMEs list in the Chinese market
- Economic Coordination Committee approves $130mn cash support for Pakistan International Airlines
- JS Bank partners Pakistani startup Remotebase to launch open-banking API at Pakistan’s largest Hackathon
- Media associations and government agree to form committee to review proposed Pakistan Media Development Authority law
Other MENA+ Developments
- MENA is world's second-fastest growing e-commerce market, Visa says
- Indian reforms to allow 100% FDI in telcos without government approval could attract GCC telcos
- Lebanon will resume IMF talks and begin reforms demanded by donors
- Supervisory Committee for Shura Council elections announces final list of candidates for October elections
- Turkish central bank forms Digital Turkish Lira Collaboration Platform to expand research into digital currency
Southeast Asia Developments
- Southeast Asia added 70mn online shoppers since start of pandemic, Facebook-Bain report finds
- Electricite du Laos partners Singapore's Keppel to study export of renewable energy from Laos to Singapore
- Thailand's PTT to set up local $1-2bn EV production facility with Foxconn
- Indonesia to list 14 state-owned enterprises as IPO market booms
- Online classifieds platform Carousell raises $100mn to become unicorn