Author: Mahdeehassan

OpenAI is planning to support the development of a vast new data centre in the United Arab Emirates, which could potentially become one of the largest in the world. The creator of ChatGPT is expected to be one of the main anchor tenants of a 5-gigawatt data centre campus in Abu Dhabi, according to individuals familiar with the matter. While the Microsoft-backed company’s involvement has not yet been confirmed, a formal announcement may be made in the near future, the report noted. On Thursday, the UAE and the United States signed an agreement for the Gulf state to construct the…

Gulf Business Solutions (GBS), a leading provider of technology solutions in Saudi Arabia, has announced a strategic partnership with Huawei Cloud, marking a significant milestone in its ongoing innovation strategy and commitment to meeting the Kingdom’s rising demand for advanced, tailored cloud services. This collaboration allows GBS to significantly expand and diversify its cloud solutions portfolio, leveraging Huawei Cloud’s powerful, scalable, and secure technology stack. The partnership will enable GBS to provide bespoke cloud services to public and private sector clients across the Kingdom, helping organizations modernize their IT infrastructure, increase agility, and drive digital transformation in alignment with Vision…

The partnership brings secure, sovereign AI agents to mission-critical workflows across the UAE, KSA, and beyond Dubai, UAE – May 26, 2025 – CNTXT AI, a Data and AI enabler driving AI readiness through sovereign infrastructure and high-quality data, has signed a strategic Memorandum of Understanding (MoU) with Beam AI, the leading platform for AI agents. Together, the two companies will deliver secure, scalable, and localized AI agents to power operations and serve enterprise and government sectors in the Gulf. The partnership enables Beam AI to expand into the GCC through CNTXT AI’s trusted infrastructure and data services, while CNTXT…

Dubai, United Arab Emirates: Dubai Electricity and Water Authority (DEWA) has started to receive applications for participation in the 27th edition of the Water, Energy, Technology, and Environment Exhibition (WETEX). Organised by DEWA in line with the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and under the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, the exhibition will take place from 30 September to 2 October 2025 at the Dubai World Trade Centre. WETEX is the region’s largest trade…

Google has launched the second edition of its “Google for Startups Accelerator: AI First” programme for the Middle East, North Africa, and Turkiye (MENA-T), aimed at supporting high-potential Seed to Series A startups building AI-driven solutions. The 12-week equity-free programme provides participants with cloud credits, infrastructure, and access to Google’s AI/ML expertise to help them scale and deploy AI technologies effectively. Startups must apply by June 16th, 2025, to be considered for the programme. Press release: Google announced the launch of its second “Google for Startups Accelerator: AI First” programme for the Middle East, North Africa, and Turkiye (MENA-T). The…

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, hosted the second edition of its flagship event, Emirates NBD GenAI Summit at the Ritz Carlton DIFC. The event convened global technology experts, industry leaders and innovators from OpenAI, Amazon Web Services, McKinsey & Co, and others to explore the transformative potential of Generative AI (GenAI) in financial services and its growing impact on Emirates NBD. Held during Dubai AI Week, the summit served as a platform for in-depth discussions, knowledge sharing, and collaborative exploration of GenAI’s role in elevating customer experience, driving operational…

Returning to Lisbon, SBC Summit will present a reimagined agenda designed to better serve a global audience, with a powerful new focus on market diversity, technological innovation, and actionable, real-world learning. Building on the success of its Lisbon debut, SBC Summit will return to the Feira Internacional de Lisboa and MEO Arena on 16–18 September 2025. The event will welcome 30,000 attendees to a six-stage, industry-wide conference agenda spanning global and emerging markets, payments, affiliation, player protection, and new hands-on ‘Operator Academy’ workshops. Familiar to last year’s attendees and bigger than ever, the Super Stage will also return to the MEO Arena to spotlight headline sessions from the industry’s biggest names;…

Federation reports strongest financial result in almost ten years – operating result of € 4.7m for FY2024, up from operating loss of €-24.0m in 2021 Dubai, UAE, 20th May, 2025: The Fédération Internationale de l’Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, today announced a pivotal turnaround in its financial health under the leadership of FIA President Mohammed Ben Sulayem. At the end of the fiscal year 2024, the Fédération reported that is has achieved a robust operating result of € 4.7m, and an operating income of € 182.0m. This takes it from a…

EFG Finance, part of EFG Holding, has approved the acquisition of its B2B platform Fatura by MaxAB-Wasoko, a regional retail and supply chain super app. As part of the deal, EFG becomes a major shareholder in MaxAB-Wasoko and gains a board seat, reinforcing its fintech strategy across Africa. Founded in 2019, Fatura brings an asset-light marketplace model with 626 wholesalers in 16 cities, expanding MaxAB’s reach. Now fully integrated, the platform will offer retailers greater product variety, logistics efficiency, and embedded financing, including faster credit access. The acquisition accelerates MaxAB-Wasoko’s pan-African expansion, with Fatura expected to contribute 25% of Egypt’s revenue…

Cairo-based used-car platform Sylndr has raised $15.7 million in a Series A equity round, led by DPI Venture Capital via the Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed Ventures, Uncovered Fund, Beltone Venture Capital, and Camel Ventures. Founded in 2021 by Omar El Defrawy, Sylndr allows customers to buy and sell their cars as well as find financing solutions.  The funding will be used to accelerate Sylndr’s expansion across Egypt, enhance its pricing intelligence, inventory, and fintech capabilities, and strengthen partnerships with dealers, lenders, and service providers. In November last year, Sylndr secured a $7.46 million capital facility tailored specifically…