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Chinese cloud providers, including Huawei, Alibaba, and Tencent, are expanding in the Middle East, challenging US tech giants by aligning with local regulations and government priorities. They are investing in infrastructure and forming partnerships to support regional digital transformation, focusing on compliance and tailored services. This strategy, coupled with China's Digital Silk Road initiative, positions them favorably against established competitors like AWS and Microsoft.
Epson is experiencing significant growth in the META and GCC regions, particularly in consumer printing with its EcoTank series and in the education sector. The company emphasizes sustainability through energy-efficient technologies and innovative recycling methods, while maintaining a strong commitment to its core values across global operations. Robotics, especially in manufacturing, is also a key focus area, with expectations for continued expansion as industries modernize.
Qatar's non-oil private sector growth slowed in April, with the PMI dropping to 50.7, reflecting a decline in new business and slower employment growth. Despite this, optimism remains for future growth driven by real estate, infrastructure, and tourism. Meanwhile, Kuwait's non-oil sector experienced significant expansion, with a PMI rise to 54.2, fueled by strong new orders and competitive pricing strategies.
VPBank has secured a record $1 billion sustainable syndicated loan, the largest ever raised by a Vietnamese bank, aimed at advancing sustainable finance in Vietnam. This landmark transaction, arranged by a consortium of global financial institutions, underscores VPBank's commitment to sustainable development and enhances its international capital access.Additionally, VPBank signed a $150 million credit line agreement with the Japan Bank for International Cooperation to finance green projects, further solidifying its role in promoting sustainable initiatives.
VPBank has secured a record $1 billion sustainable loan, the largest foreign syndicated loan ever arranged for a Vietnamese bank, marking a significant milestone in its strategy to promote sustainable finance. This loan, supported by major international financial institutions, underscores VPBank's commitment to sustainable development and enhances its global capital access. The funds will primarily support women-owned businesses and green projects, reflecting a strong focus on environmental, social, and governance (ESG) principles.
The Gulf Cooperation Council (GCC) launched the Tawasul platform to enhance communication between investors and government agencies, promoting regional trade and investment. The initiative, unveiled during ministerial meetings in Kuwait, aims to close communication gaps and position the private sector as a key economic partner. Discussions also focused on harmonizing commercial laws, advancing SME financing, and addressing industrial self-sufficiency and compliance penalties.
Egypt is poised to face a foreign direct investment (FDI) slowdown due to new U.S. tariffs, with an external financing shortfall projected between $10 billion and $12 billion for 2025-2026. However, investments from Gulf Cooperation Council (GCC) countries, including a $7.5 billion deal from Qatar and Kuwait's potential $4 billion currency conversion, are expected to mitigate this impact and enhance Egypt's financial stability. Despite a surge in FDI to $23.7 billion in the first nine months of the fiscal year, future inflows may be tempered by the tariffs and a global trade slowdown.
The UAE leads the GCC in female representation on public company boards, with women holding 14.8% of seats, a significant rise from 10.8% in 2024. This increase reflects a broader regional trend, as the GCC average reached 6.8% in January 2025, up from 5.2% the previous year. The progress highlights ongoing commitments to enhance gender diversity in corporate governance.
Calo, valued at $250 million, is set to expand into the UK market, integrating Fresh Fitness Food and Detox Kitchen customers by May 2025. The company aims to offer customizable, ready-to-eat meals and plans further European and U.S. expansion, targeting health-conscious consumers. Meanwhile, Maza Ventures, a new Jordan-based seed fund, focuses on supporting deeptech startups from the MENA region, emphasizing transparency and a founder-first approach in its investment strategy.
Dubai-based luxury startup Hushday has secured $550,000 in pre-seed funding ahead of its launch on May 2, 2025. As the Middle East's first invitation-only premium flash sales platform, it will offer exclusive access to discounted luxury goods while helping brands manage excess inventory. Hushday plans to expand into Saudi Arabia, Qatar, and Kuwait by 2026, leveraging AI-driven recommendations and a mobile-first, referral-only model to enhance the shopping experience.
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