Abdul Latif Jameel, Uber sign MoU
Abdul Latif Jameel has signed a Memorandum of Understanding (MoU) with Uber to explore the development of a new fleet operations platform in Saudi Arabia.
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MBZUAI positions itself as Gulf’s AI powerhouse
The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) is positioning itself as the Gulf region’s leading institution for AI education and innovation.
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Emirates Post, Aramex to expand UAE logistics
Emirates Post has partnered with global logistics provider Aramex to enhance logistics accessibility across the UAE.
Economy
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UAE, Oman to develop Al Rawdah economic zone
The UAE and Oman have signed an agreement to jointly develop and operate the first phase of the Al Rawdah Special Economic Zone in Mahadha, Al Buraimi Governorate.
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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, it could rank among the world’s largest AI infrastructure projects.
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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 part of a wider bilateral investment agreement.
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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 Automotive Cluster in King Abdullah Economic City (KAEC).
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 bilateral financial cooperation and boosting the exchange of expertise.
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 and beyond.
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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 expansion. The move reflects the company’s commitment to supporting the region’s growing investments in entertainment, tourism, sport and leisure. Known for its expertise in sport presentation, immersive destination design, and live events,