Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Artificial Intelligence US ‘to let UAE import millions of Nvidia’s AI chips’ The US has a preliminary agreement with the United Arab Emirates to allow it to import 500,000 of Nvidia’s most advanced AI chips per year starting in 2025, sources said. The move will boost the Emirates’ construction of data centres that are vital to developing artificial intelligence models. The sources said the agreement was at least […] May 15, 2025 Manufacturing PIF and Hyundai to roll out first Saudi vehicles in 2026 A joint venture between Saudi Arabia’s Public Investment Fund and South Korea’s Hyundai Motor Company will roll out its first vehicles in the fourth quarter of 2026. The partners broke ground on the new manufacturing facility on Wednesday at the recently launched King Salman Automotive Cluster in King Abdullah Economic City, the state-run Saudi Press Agency […] May 15, 2025 Trade Qatar takes centre stage on Trump’s Middle East mission Major deal announcements kept rolling in on Wednesday as Donald Trump travelled from Riyadh to Doha on the second day of his visit to the Gulf. Qatar Airways agreed to purchase up to 210 Boeing 787 Dreamliner and 777X jets for $96 billion in what the White House described as Boeing’s “largest ever wide-body order”. […] May 15, 2025 Analysis Artificial Intelligence Saudi Arabia risks AI glut as Trump approves Nvidia sale Saudi Arabia’s plan to build one of the world’s largest artificial intelligence infrastructures may lead to oversupply in the short term, creating spare capacity for export to other emerging markets, AI experts have said. Although domestic demand is growing, Riyadh’s rollout of compute – computing power for AI – is outpacing current uses. Capacity is […] May 15, 2025 Opinion Tech The US should launch a Gulf biotechnology partnership Biotech leaders stand to benefit from deeper integration with Gulf capital, infrastructure and markets May 14, 2025 Trade Arms, investment and AI top list of deals on busy day for Trump Tens of billions of dollars in new partnerships between the US and Saudi Arabia were announced on Tuesday in Riyadh during the first day of President Donald Trump’s visit to the Gulf. Artificial intelligence, aviation, energy and defence dominated the flurry of deals, with the White House again touting that the kingdom will invest $600 […] May 14, 2025 Artificial Intelligence Saudi Arabia announces AI unit as Trump lands in Riyadh Saudi Arabia has announced a state-backed artificial intelligence company as President Donald Trump lands in Riyadh. Technology is expected to be high on the agenda during Trump’s tour, which also takes in Qatar and the UAE, as Gulf economies seek improved access to US chips to meet their AI ambitions. The Saudi AI company, called […] May 13, 2025 Tourism Red Sea Global’s airport ‘racing towards completion’ Red Sea International Airport will be “fully operational” within “a couple of months”, according to an executive at Red Sea Global. The airport “is racing towards completion”, said Ben Edwards, group head of cost, commercial and procurement at the Saudi resort developer. “We’re gradually seeing the network of flight operations increasing as the demand in […] May 13, 2025 Aviation Prince Alwaleed’s Flynas seeks $1.1bn in Saudi IPO Saudi budget airline Flynas is looking to raise as much as SAR4.1 billion ($1.1 billion) in an initial public offering (IPO) that started this week to finance expansion. The IPO price range was set at between SAR76 and SAR80 per share, implying a market capitalisation of as much as $3.65 billion. The airline, which is […] May 12, 2025 Analysis Trade Big money, big deals – but Gulf needs FDI clarity from Trump US President Donald Trump arrives in the Saudi capital Riyadh tomorrow on the first leg of his three-country Gulf visit that will also take in Qatar and the UAE. His overwhelming objective is money and big deals: to sell American goods and secure their investment to the US economy. With that in mind, the US […] May 12, 2025 Posts navigation Previous 1 … 4 5 6 … 101 Next
Artificial Intelligence US ‘to let UAE import millions of Nvidia’s AI chips’ The US has a preliminary agreement with the United Arab Emirates to allow it to import 500,000 of Nvidia’s most advanced AI chips per year starting in 2025, sources said. The move will boost the Emirates’ construction of data centres that are vital to developing artificial intelligence models. The sources said the agreement was at least […] May 15, 2025
Manufacturing PIF and Hyundai to roll out first Saudi vehicles in 2026 A joint venture between Saudi Arabia’s Public Investment Fund and South Korea’s Hyundai Motor Company will roll out its first vehicles in the fourth quarter of 2026. The partners broke ground on the new manufacturing facility on Wednesday at the recently launched King Salman Automotive Cluster in King Abdullah Economic City, the state-run Saudi Press Agency […] May 15, 2025
Trade Qatar takes centre stage on Trump’s Middle East mission Major deal announcements kept rolling in on Wednesday as Donald Trump travelled from Riyadh to Doha on the second day of his visit to the Gulf. Qatar Airways agreed to purchase up to 210 Boeing 787 Dreamliner and 777X jets for $96 billion in what the White House described as Boeing’s “largest ever wide-body order”. […] May 15, 2025
Analysis Artificial Intelligence Saudi Arabia risks AI glut as Trump approves Nvidia sale Saudi Arabia’s plan to build one of the world’s largest artificial intelligence infrastructures may lead to oversupply in the short term, creating spare capacity for export to other emerging markets, AI experts have said. Although domestic demand is growing, Riyadh’s rollout of compute – computing power for AI – is outpacing current uses. Capacity is […] May 15, 2025
Opinion Tech The US should launch a Gulf biotechnology partnership Biotech leaders stand to benefit from deeper integration with Gulf capital, infrastructure and markets May 14, 2025
Trade Arms, investment and AI top list of deals on busy day for Trump Tens of billions of dollars in new partnerships between the US and Saudi Arabia were announced on Tuesday in Riyadh during the first day of President Donald Trump’s visit to the Gulf. Artificial intelligence, aviation, energy and defence dominated the flurry of deals, with the White House again touting that the kingdom will invest $600 […] May 14, 2025
Artificial Intelligence Saudi Arabia announces AI unit as Trump lands in Riyadh Saudi Arabia has announced a state-backed artificial intelligence company as President Donald Trump lands in Riyadh. Technology is expected to be high on the agenda during Trump’s tour, which also takes in Qatar and the UAE, as Gulf economies seek improved access to US chips to meet their AI ambitions. The Saudi AI company, called […] May 13, 2025
Tourism Red Sea Global’s airport ‘racing towards completion’ Red Sea International Airport will be “fully operational” within “a couple of months”, according to an executive at Red Sea Global. The airport “is racing towards completion”, said Ben Edwards, group head of cost, commercial and procurement at the Saudi resort developer. “We’re gradually seeing the network of flight operations increasing as the demand in […] May 13, 2025
Aviation Prince Alwaleed’s Flynas seeks $1.1bn in Saudi IPO Saudi budget airline Flynas is looking to raise as much as SAR4.1 billion ($1.1 billion) in an initial public offering (IPO) that started this week to finance expansion. The IPO price range was set at between SAR76 and SAR80 per share, implying a market capitalisation of as much as $3.65 billion. The airline, which is […] May 12, 2025
Analysis Trade Big money, big deals – but Gulf needs FDI clarity from Trump US President Donald Trump arrives in the Saudi capital Riyadh tomorrow on the first leg of his three-country Gulf visit that will also take in Qatar and the UAE. His overwhelming objective is money and big deals: to sell American goods and secure their investment to the US economy. With that in mind, the US […] May 12, 2025
