G42 sells Presight AI stake, Saudi FDI inflows up 24%, Qatar establishes National Center for AI, Indonesia scraps EV tariff exemption, India slashes GST on consumer goods
Here’s a look at today's biggest tech stories in the MENA+:
- G42 sells 2% stake in data analytics firm Presight AI
- Finance Ministry expands activities eligible for freezone corporate tax exemption
- EDGE Group entity opens opens new Brazil HQ, production facility
- Etihad to accept crypto payments in near future
- Hub71 sees record AI startups in latest cohort
- Germany’s Avilus to build MENA's first factory for unmanned flying ambulances
- SAMA says no decision made yet on launching CBDC
- Industry Ministry's exploration license auction attracts record international participation
- Hanwha Aerospace opens regional HQ
- FDI inflows rise 24% to $32B in 2024
- Tariffs for EV charging updated
- Egypt, Bahrain sign 22 MoUs, aim to double trade in two years
- National Council for AI approves first national Open Data Policy
- Financial inclusion grows to 76.3%, up 214% since 2016
- Net foreign assets rise to record $18.5B in July
- Punjab govt forms Cyber Emergency Response Team
- Foreign Exchange Regulation Act restrictions now apply to digital asset transfers
- SBP agrees in principle to legalize digital currencies
- HUBCO Green launches fast EV charging in major cities
- E-Bikes Scheme opens registration for subsidy applications
Other MENA+ Developments
- QIA, Temasek among investors in Claude AI maker Anthropic
- Infini Capital signs $1B deal with China's Ubtech Robotics to build Middle East research center
- BlackRock Advisors gets Kuwait CMA license
- Khazna secures $2.6B financing for Dubai, Abu Dhabi, Ajman data centers
- Qatar MCIT to establish National Center for AI
Southeast Asia Developments
- Indonesia to remove EV tariff exemption by end-2025
- Thai cabinet approves support for firms hit by OECD-aligned Top-Up Tax
- KuCoin enters Vietnam with VBA, 1Matrix partnerships
- Philippines passes law giving govt fairer revenue share from mining
- Vietnam sees e-commerce, digital economy revenues jump 63%
