Food & Drink China’s online food delivery giant Keeta to enter Kuwait Keeta, the international arm of China’s biggest food delivery app, reportedly plans to launch operations in Kuwait. The recruiting process is nearing completion, with the launch expected in the second half of 2025 or early 2026, Al Qabas, an Arabic daily, reported, citing unnamed sources. The report said that the Chinese company may consider acquiring […] June 13, 2025
Artificial Intelligence OpenAI holds talks to raise money from PIF ChatGPT maker OpenAI has talked to Saudi Arabia’s Public Investment Fund (PIF), India’s Reliance Industries and existing shareholder MGX of the UAE about its $40 billion financing, The Information reported on Wednesday. The investors could put in at least hundreds of millions of dollars each, the report said, citing people familiar with the issue. OpenAI […] June 12, 2025
Finance Gulf fintechs take notice of surging stock markets Growing demand from international investors trading in stocks on Gulf exchanges is creating opportunities for established and newer financial technology (fintech) companies alike to grow their Middle East business. “We have seen the interest in trading on Gulf exchanges increase steadily over time, but demand has skyrocketed in the past year,” Damian Hitchen, regional head […] June 12, 2025
Tech Gulf investors help finance growth of Turkish data centres Turkey’s data centre sector is riding a wave of new investment that is likely to support expansion in the country’s digital economy, with much of the funding coming from the Arabian Gulf. Last month, Turkish e-commerce platform Trendyol announced it was partnering with the UAE’s Castle Investments, headed by Gulf Data Hub founder Tarek Al […] June 10, 2025
Logistics China’s Meituan to expand drone delivery service in Dubai Chinese company Meituan is expanding its drone delivery service in Dubai, its first overseas test market. The company will launch up to three new routes for drone deliveries in the second half of the year with the potential to add more, vice president Yinian Mao told Bloomberg News. The service will be offered on the […] June 9, 2025
Telecoms Gulf companies compete for Syrian fibre optic project Syria’s government is in talks with regional telecoms companies Zain, Etisalat, STC and Ooredoo for a $300 million project to develop the country’s fibre optic communications network, two Syrian officials have said. The talks with the Gulf Arab companies are part of growing global investor interest in Syria’s economy following US President Donald Trump’s announcement […] June 5, 2025
