OpenAI linked to Abu Dhabi AI data centre
OpenAI may be set to become a key partner in a planned 5-gigawatt data centre campus in Abu Dhabi. It comes to fruition,
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News
UAE’s G42 backs $1bn Italian AI supercomputer
UAE-based tech firm G42 has signed a partnership with Italian AI startup iGenius to develop a large-scale AI supercomputer in southern Italy, as
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PIF and Hyundai build major automotive plant
Saudi Arabia’s Public Investment Fund (PIF) and Hyundai Motor Company have begun construction on a cutting-edge automotive manufacturing plant at the King Salman
Economy
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Central banks of UAE and Azerbaijan sign MoU
The Central Bank of the UAE (CBUAE) and the Central Bank of Azerbaijan have signed a Memorandum of Understanding (MoU) aimed at strengthening
Entrepreneur
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Startup
Vuz raises $12m to expand video platform
UAE-based immersive video platform Vuz has secured $12m in a pre-Series C funding round to support its growth in Saudi Arabia, the UAE
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RWS Global to expand in Middle East
Live entertainment company RWS Global has announced plans to establish a regional headquarters in Riyadh, marking a major milestone in its Middle East
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Real Estate
Almal Real Estate expands with Bali project
UAE-based Almal Real Estate Development has announced its international debut with the launch of The One by Almal in Bali, Indonesia. This marks
Economy
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Dubai to host private equity market event
Dubai International Financial Centre (DIFC) has signed a strategic agreement with the International Private Equity Market (IPEM).
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EDB launches growth fund for UAE SMEs
Emirates Development Bank (EDB) has introduced the Emirates Growth Fund (EGF), a multi-million dollar equity platform aimed at boosting the expansion and global
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ADNOC awards $17bn in H1 contracts to UAE firms
Nearly 400 UAE-based companies secured contracts worth over $17bn in the first half of 2025 from ADNOC, as the energy giant ramps up