UAE to finalize 6 more CEPAs within next 3 months, while Saudi private sector monthly wages surge 45% in 5 years
Here’s a look at today's biggest tech stories in the MENA+:
- 6 more CEPAs to be finalized within next 3 months
- Region’s first SPAC ADC signs landmark merger deal with UPP
- Julphar eyes $272M sale of Planet Pharmacies network
- Trade of lab-grown diamonds up 125% last year
- Space sector investments rise 6.6%
- Private sector monthly wages surge 45% in 5 years
- Savvy’s Steer Studios seeks to develop native blockbuster game
- Unified platform launched for expat skill verification service
- KSA, Arab League, EU launch Palestine-Israel peace initiative
- Hyundai to finalize deal for Saudi EV plant
- National Dialogue proposes reforms to ensure competitive presidential vote
- Chevron to invest $3B to develop Nargis gas field
- PIF’s Saudi Egyptian Investment Company raises stake in e-Finance
- Govt seeks to bolster economy with initiatives worth $5B
- Govt inks deal with US institute for smart rapid transit system
- Businesses, individuals under tax net reach record 4.66M
- Systems Limited to help facilitate Mashreq’s market expansion
- SECP to license companies under Shariah Governance Regulations
- Govt cautions against use of Indian-origin software and services
- Pakistan supports efforts to speed up implementation of UN SDGs
Other MENA+ Developments
- Economic growth outlook slashed to 1.4% on oil output cuts
- Industrial sector increasingly scales use of AI-powered robots
- Kuwait set to establish first major oil industrial zone
- Jordan publishes Data Protection Law; to enter into force after 6 months
- Turkey’s EV charging points near 9,000 as EV sales surge
Southeast Asia Developments
- Alipay+ integrates with more wallets to boost regional connectivity
- Shopee, Lazada to hike commission fees in Thailand next month
- Indonesia's emerging generative AI sector encounters scaling challenges
- Singapore, India rank high globally for startups valued above $50M
- Singapore’s energy needs driving ASEAN's renewables growth
