WNR: Here’s what happened in MENA this week

WNR: Here’s what happened in MENA this week

The EGP surpassed the 30 EGP mark this week and came down to 29.98. The Madbouly-led Egyptian Cabinet also announced new 11 measures and cutbacks to cut down on spending and rationalize public spending. The measures include rationalizing internal spending and postponing spending on new national projects especially ones with a dollar component.

BioNTech, the brains behind the BioNTech-Pfizer Vaccine, is looking to acquire Tunisia’s AI startup InstaDeep in a $680m deal. Through the acquisition, BioNTech will grow its network of global research collaborators in the field and expand its footprint in key talent hubs across the United States, Europe, Africa, and the Middle East.

You probably heard of the viral ChatGPT, well Microsoft is in now talks to invest as much as $10 billion in OpenAI, the creator of the AI bot ChatGPT that everyone is talking about right now. Sources said that this funding would value OpenAI at $29 billion.

Space X’s Starlink and UAE’s Elcome International partner to provide internet services to the maritime industry this week. That’s right, Maritime customers will be now able to connect from the most remote waters across the world with speeds 100 times faster than traditional satellite services.

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