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AI + Innovation (MENA) 
Infrastructure 
Traditional tech struggles as AI boom overshadows sector’s slump
Despite the AI boom offering some respite for tech, the overall recovery of the sector remains uncertain
Auto Jameel to assemble up to 15k GAC cars locally: PLUS: Rameda, Vodafone, Ayadi, Entlaq, ACUD, Raya Foods
The company will initially begin producing at third-party production lines, until it establishes its own independent factory within three years
FlapKap raises USD 34 mn in pre-series A round
The round was led by Dubai’s BECO Capital
What to expect from Apple’s It’s Glowtime event
The iPhone 16 will be making its debut tonight at 8pm in Om El Donia
Is SearchGPT really a threat to Google?
OpenAI’s new search engine is grabbing the attention of many. Will it affect Google Search’s reign?
BP to invest USD 400 mn in two new wells. PLUS: Agiba, Pickalbatros, Juba, Alexandria Port Authority, El Araby Group, carbon credits
The two wells will add a combined daily 400 mn cubic feet of gas to BP’s output
Auto distributors push for more locally-assembled vehicles to make up for import restrictions. PLUS: Somabay + Redcon, SODIC, TMG, Mass Developments, EFG Hermes, Kima
A group of companies that assemble vehicles led by GB Auto have agreed to increase their allocations to accredited distributor
That’s a wrap on Basata’s stake acquisition of MadfoatCom
The two buyers were 2.9 percentage points off their target to acquire up to 30% of the Jordanian company
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