Noon plans UAE-KSA dual listing, Saudi digital workforce reaches 389,000 workers, Oman Future Fund launches SME financing scheme, Malaysia develops autonomous vehicle framework, Amazon completes Axio acquisition
Here’s a look at today's biggest tech stories in the MENA+:
- Singapore crypto trading firm QCP gets ADGM license
- Tesla to build first Experience Center on Yas Island
- Mubadala sells 7.6% stake in du
- Noon planning UAE-KSA dual listing
- UAE launches national logistics council
- Digital workforce reaches 389,000 workers, comprising 35% of women
- 1,000 regional HQs, $133B in foreign investments expected over five years
- Non-GCC investors account for 41% of Saudi stock purchases
- Saudi oil market share increases with OPEC+ output hike
- E-Commerce Council to offer 650 free online stores for SMEs
- UK PE firm Helios eyes 80% stake in Telecom Egypt data center unit
- New 2030 National Narrative targets 66% private sector participation
- Oil Minister aims for mining to contribute 5-6% to GDP by 2030, up from 0.5%
- Emaar Misr, Saudi-owned Citystars to develop $18.6B Red Sea integrated tourism project
- $3B alumina refining project among 22 Bahrain-Egypt deals
- Alibaba, MoITT Ignite fund sign MoU to promote local startups, SMEs globally
- BYD sells 2,000 EVs in less than six months
- SBP to report on impact of subsidies allocated to QR payments
- VEON plans to acquire TPL Insurance
- Infinix tops local smartphone production, outpacing itel, vivo, Redmi, Samsung
Other MENA+ Developments
- Red Sea undersea cable cuts disrupt regional internet service
- Fitch expects Kuwait to delay GCC excise tax until FY26
- Iraq signs agreements with German, Chinese, Brazilian carmakers for local manufacturing
- Kuwait introduces media law requiring influencer ad licences
- Oman Future Fund launches SME financing scheme
Southeast Asia Developments
- VinFast launches sales first made-in-India premium EVs
- Malaysian begins developing regulatory framework for autonomous vehicles
- Malaysian carmaker Proton opens first EV plant
- Thailand appoints new "middleman" Prime Minister
- Singapore, India to launch roadmap on chip, advanced manufacturing cooperation
