UAE’s L'imad studying investment in global cargo giant Atlas Air, KSA’s Monsha’at and STC Bank sign $1.3B SME financing deal, Qatar launches e-commerce license, Waymo plans Singapore autonomous ride-hailing entry, Apple Pay to roll out in India
Here’s a look at today's biggest tech stories in the MENA+:
- L'imad studying investment in global cargo giant Atlas Air
- UAE launches second Sovereign Retail T-Sukuk
- Citi introduces Mastercard Smart Subscriptions in UAE
- Hanwha Finance partners Abu Dhabi on digital finance, stablecoin payments
- Cyble, Cyber Security Council partner to develop national threat intelligence capabilities
- Monsha’at, STC Bank sign $1.3B SME financing deal
- FRA bans consumer financing of precious metals
- Singapore, Saudi Arabia strike regulatory reliance pacts for health products
- CSECS wins $700M deal to build Qiddiya e-games arena
- Damage on East-West Pipeline more severe than thought
- TotalEnergies launches $114M AI program
- Cabinet approves new investment zone for Qatari Diar’s Alam El Roum development
- Ericsson, Vodafone partner to roll out AI-Powered RAN Processor 6672
- Newly-established foreign companies up 33.7% in H1
- Egypt aims to expand gas output by 330M cubic feet daily
- Pakistan announces austerity measures to conserve fuel
- Govt working on new National Private Equity Framework
- Pakistan seeks expansion of $4.5B swap line with China
- Central bank forex reserves reach all-time high of $21.4B
- Ministry of Interior reportedly studying minimum age requirement for social media use
Other MENA+ Developments
- Qatar's Estithmar enters Syria, formally acquiring Shahba Bank stake
- Oman's Sohar Port reaches out to Indian logistics firms amidst conflict
- Aramco to expand Hormuz exports to 60M barrels
- Qatar launches e-commerce license
- Alshaya opens Kuwait distribution center
Southeast Asia Developments
- Waymo to launch in Southeast Asia with Singapore autonomous ride-hailing entry
- Vietnam proposes reporting, disclosure for crypto trading platforms
- Indonesia working on cross-border QR partnerships with Saudi Arabia, India, Vietnam, Australia
- Indonesia to begin e-commerce tax collection in October
- Thai semiconductor group calls for push into front-end chip production
India Developments
- Nexperia, Tata partner to manufacture power chips, collaborate on testing
- B2B e-commerce platform JSW One to file for IPO
- Semicon 2.0 aims to train 100,000 technicians, support 200 chip design startups
- Govt studying mechanism to check pass-through of new UPI charges to customers
- Apple Pay to roll out in India via Axis Bank partnership
