4+ day, 4+ hour ago   (188+ words) Elon Musk’s Boring Company has raised $3 billion in a funding round led by the UAE and affiliated investment entities. The money will accelerate development of large-scale underground infrastructure across the UAE, including more than 150km of tunnels, building on the previously…...

4+ day, 10+ hour ago   (285+ words) UAE company Marlan Space and US company Loft Orbital are leading a consortium in a $1 billion investment in France to build Altair-Next Gen, the world’s largest artificial intelligence satellite infrastructure. The first 50 satellites will be manufactured in the UAE. Orbitworks,…...

5+ day, 2+ hour ago   (790+ words) Capital Letter is Frank Kane’s weekly series on Abu Dhabi’s money, power and ambition ADGM, the UAE capital’s financial hub, has become accustomed to reporting eye-catching growth numbers, but the latest may be the most significant yet. Assets under management…...

1+ week, 2+ hour ago   (638+ words) John Crowley and Parag Deulgaonkar Saudi Arabia’s Humain is taking further steps towards a potential listing by recruiting a “preparation team”, as some of the Gulf’s biggest state-backed AI companies look to capital markets to fund their ambitions. Its CEO…...

1+ week, 5+ day ago   (624+ words) Microsoft’s new data centre region will encourage hundreds of international software businesses to launch Saudi-based services, according to the US technology company’s regional head. Ayman AlGhamdi, president of Microsoft Arabia, said the project would spur investment and hiring by giving…...

2+ week, 1+ hour ago   (624+ words) Qualcomm is deepening its relationship with Saudi state AI company Humain across data centre infrastructure, local engineering and a personal computer it says will change how people interact with technology. The US chip designer said the companies have developed an…...

2+ week, 6+ day ago   (420+ words) The Iran war is forcing Gulf data centre operators to rethink where their backup systems should be sited, weighing nearby GCC states against more distant locations in Europe or Asia. The stakes became clear in March, when Iranian drones hit…...

3+ week, 2+ hour ago   (254+ words) Saudi mining company Maaden has secured new funding from global financial institutions to expand its international operations and capitalise on local opportunities. The inaugural $1 billion international syndicated term loan and revolving credit facilities were “significantly oversubscribed” and backed by global…...

3+ week, 11+ hour ago   (829+ words) On the crucial matter of due diligence, herd mentality is more common than many would care to admit Making your first investment in a startup can be both exciting and daunting. For me, it began with Nabta, a UAE-based health-tech…...

3+ week, 3+ day ago   (642+ words) The UAE, Saudi Arabia and Qatar are investing heavily in quantum technology as they try to translate academic research and overseas partnerships into practical applications and greater technological autonomy. Quantum computing harnesses the behaviour of subatomic particles to tackle problems…...