UAE's Chimera to launch $50B alt investment manager Lunate, while KSA eyes $11B syndicated loan to fund investments
Here’s a look at today's biggest tech stories in the MENA+:
- Chimera to launch $50B alt investment manager Lunate
- UAE eyes power grid link with India
- Brazil's Petrobras eyes JV with ADNOC
- Dubai, Hong Kong ink MoU to boost financial services cooperation
- Draft declaration on food security to be introduced ahead of COP28
- Kingdom eyes $11B syndicated loan to fund investments
- Aramco acquires Chile’s Esmax to expand South America footprint
- V2X tech launched to pave way for autonomous vehicles
- STC’s investment in Telefonica under scrutiny by Spanish govt
- Airbus, Barclays, NEOM back electric aircraft maker ZeroAvia
- Sisi announces wage hikes, financial support measures ahead of elections
- New social support measures to cost $2B yearly
- Overvalued currency raising default risk amid economic crisis
- Incorporation of companies now fully online via GAFI’s e-portal
- Egypt, Hong Kong ink deal to enhance bilateral investments
- Employment rate drops to record low at 47.6%
- Chinese EV manufacturer to set up local plant
- 5G spectrum auction may be delayed amid political uncertainty
- Exports to Middle East up 20.8% in July
- Fuel prices surge to new high following govt hikes
Other MENA+ Developments
- India’s digital public infra seen as key to Africa digital access
- GCC ministers to come up with unified framework for e-commerce
- Careem partners Kuwaiti retailer Sultan Center
- Bahrain’s BenefitPay records 42% surge in transactions
- Alibaba announces $2B investment in Turkey via local unit Trendyol
Southeast Asia Developments
- Indonesia tech funding crunch expected to continue ahead of elections
- Cayman Islands plans Singapore hub to woo hedge funds, family offices
- Singapore to review ride-hailing regulations
- Singapore’s SingTel to sell 20% stake in data center unit to KKR
- State bank contribution paves way for Philippines’ first SWF
