Technology

Analysis

US stock plunge poses dilemmas for Gulf investors while exposing PIF, Mubadala risks

Middle East investors are bracing for steep losses and questioning about their long-term investments in America amid a drop in the US stock market.

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Interview

As AI superpowers clash, Saudi tech diplomat pushes collaboration over competition

Deemah AlYahya

Secretary General, Digital Cooperation Organization

Elon Musk's Boring Co. to build Dubai Loop network of tunnels

The loop is a network of underground tunnels, similar to one being developed in Las Vegas, that allows passengers to be transported nonstop, in electric vehicles, to 11 stations.

United Arab Emirates

Billions invested in AI, data centers at Saudi's LEAP summit: What to know

The four-day event saw billions of dollars worth of investment poured into artificial intelligence projects — many of them in Saudi Arabia.

Saudi Arabia

After Rafale jets, UAE's MBZ inks $50B AI deal with France in landmark visit

Only a week after the delivery of the first batch of Rafale F4 fighter jets to Abu Dhabi, the United Arab Emirates will invest billions of dollars in a new AI center in France.

United Arab Emirates

Amid DeepSeek competition, Altman visits UAE seeking OpenAI investment

Gulf investors are betting big on AI, with sovereign wealth funds in the UAE and Saudi Arabia making the booming tech sector a core component of their portfolios.

United Arab Emirates

Analysis

China’s DeepSeek triumph sparks billion-dollar AI dilemmas for Gulf investors

Middle Eastern countries could benefit from new cost-effective AI systems such as those created by DeepSeek in lieu of US AI companies.

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

UAE’s Damac founder praises Trump after $20B US data center pledge

Joining Trump for a rally in Florida on Tuesday, Sajwani, the president-elect’s self-styled right-hand man in the Middle East, announced that his company would invest at least $20 billion in new US data centers from Arizona to Ohio.

United Arab Emirates

Analysis

Was 2024 a breakthrough year for the Middle East’s AI ambitions?

Gulf states doubled down on AI in 2024, pouring billions into tech infrastructure and US partnerships.

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

What to make of US group acquisition of Israeli spyware firm Paragon as Trump returns

United States

Iran conducts record space launch with largest-ever payload

Iran's space program has previously concerned the United States and its allies, who claim that its developments go hand-in-hand with those of its ballistic missile program.

Iran

Saudi PIF trims Nintendo stake from 7.5% to 6.3% in second cut of month

A filing with Japan’s Finance Ministry said the move follows the sale of more than 17 million Nintendo shares, which concluded in October.

Saudi Arabia