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The European Parliament has barred Huawei representatives from its premises following a police investigation into alleged corruption linked to the Chinese tech giant. The probe, which includes coordinated raids in Belgium and Portugal, focuses on claims of bribery and forgery involving political favors and concealed kickbacks. Huawei has stated it takes the allegations seriously and is committed to cooperating with the investigation.
February 2025 marked a significant month for MENA's startup ecosystem, with $55 million in insurtech funding and $28.5 million in logistics. Notable investments included Tabby's $160 million Series E round and a strong focus on B2B startups, which raised $191.6 million across 33 deals. The China-Arab Entrepreneurs Summit highlighted deepening economic ties, with the UAE attracting over $6 billion in Chinese investments, emphasizing AI, financial cooperation, and education as key growth drivers.
Disrupt.com, a UAE-based venture builder, has committed $100 million to fund AI-first startups, focusing on sectors like AI, cybersecurity, and Web 3.0. This investment comes amid a declining funding market, with Disrupt.com aiming to support founders through hands-on collaboration and operational expertise. Current portfolio highlights include ZigChain and PureSquare, showcasing the firm's commitment to innovation in technology.
Web Summit Qatar 2025 attracted over 25,700 attendees, significantly surpassing last year's numbers, and featured 723 investors and 1,520 startups, with a notable increase in women-founded companies. The event saw the signing of 56 MoUs and the issuance of 156 operating licenses, highlighting Qatar's growing role in the global tech landscape. Key innovations included AI-driven travel tools from Qatar Airways and the launch of the MENA region's first AR academy in collaboration with Snap Inc.
Egypt's fintech sector has experienced a remarkable 5.5-fold growth over the past five years, driven by digital payments, lending solutions, and a youthful, tech-savvy population. Government initiatives and a supportive regulatory environment are fostering financial inclusion and innovation, positioning Egypt as a leading fintech hub in the MENA region. However, challenges such as regulatory complexities, digital literacy gaps, and cybersecurity concerns must be addressed to sustain this growth.
Alkremeya is transforming Libya's grocery industry through digital innovation, aiming for expansion in North Africa and the MENA region. The company plans to invest in AI and machine learning, enhance partnerships, and empower local communities, positioning itself as a leader in the B2B digital economy. Meanwhile, Egypt's fintech sector has surged 5.5 times in five years, driven by digital payments and lending, supported by government initiatives to foster financial inclusion and innovation.
UBS analysts assert that the current high stock valuations, with the S&P 500's forward price-to-earnings ratio at 22.2x, are justified due to the tech sector's growing dominance and improved cash flows. They predict that these valuations will continue to rise in 2025, supported by lower capital costs and contained recession risks. The ongoing bull rally, fueled by tech growth and economic stability, has seen the S&P 500 increase by 28% in 2024.
Qantas is navigating increased competition as Virgin Australia plans its ASX return and a potential partnership with Qatar Airways, which could enhance international rivalry. The airline's share buyback is nearing completion, and it anticipates lower fuel costs, while management changes aim to restore its reputation. Despite a strong share price rise, the recommendation remains a 'Hold' as the company prepares for future growth amid evolving market dynamics.
At COP29, negotiations resulted in a climate finance goal of $300 billion annually by 2035, deemed insufficient by poorer nations. Despite calls for an expanded donor base, no developing countries formally agreed to contribute, reflecting tensions over financial responsibilities and the evolving status of nations like China.
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