Opinion Real Estate On the 19th hole with Trump and Damac What better place than Trump International Golf Course to watch the inauguration January 17, 2025
Trade Turkey hopes trade deals will protect it from Trump’s tariffs Turkey’s network of trade agreements, combined with its pivotal role as a major regional logistics and services provider, should help it weather any trade policy shifts by Washington in the coming years, according to the country’s finance minister. Speaking at a meeting hosted by the Independent Industrialists and Businessmen’s Association in Istanbul on January 8, […] January 9, 2025
Tech Trump reveals $20bn from Sajwani for US data centres Incoming US president Donald Trump and Hussain Sajwani, the billionaire chairman of Damac Properties, announced on Tuesday that the emirati will invest “at least” $20 billion in data centres across the US. The move represents the official entry of EDGNEX, Damac’s specialised subsidiary, into the American market as demand for cloud computing and artificial intelligence […] January 8, 2025
Analysis Health Healthcare providers from Americas target GCC tie-ups With the rise of chronic diseases and other complex medical needs, co-operation is growing between medical institutions in Gulf states and their counterparts in the US and beyond. Mass General Brigham Hospitals Network and the Dana-Farber Cancer Institute, both based in Boston, Massachusetts, and the Mayo Clinic of Rochester, Minnesota, are among the household names […] January 6, 2025
Analysis Tech China-US tech tensions threaten GCC telecom strategy Gulf countries risk being dragged into the great power “rivalry” between China and the United States when it comes to advanced technology, forcing them to pick a side. As high-tech restrictions are rolled out by Beijing and Washington, the days of buying state-of-the-art semiconductors from the US while installing China’s 5G networks might be over, […] January 2, 2025
Artificial Intelligence Dubai’s Hodler in global AI data centre partnership Dubai’s Hodler Investments has partnered with US technology company Vertical Data to launch “sustainable” artificial intelligence data centres in the UAE, the Gulf, Africa and Canada. The companies said they are targeting rising demand for high-performance computing. Growing interest in AI applications has strained existing data centre capacity and fuelled intense demand for energy to […] December 24, 2024
Markets US fund managers expected to accelerate Gulf investment North American fund managers are underinvested in Gulf equities but that may soon change, according to new research. The region’s low correlation to global and other emerging markets, accelerating economic diversification and improving bourse diversification could make Gulf investments more attractive. Saudi Arabia (4.41 percent), the UAE (1.28 percent), Qatar (0.86 percent) and Kuwait (0.84 […] December 17, 2024
Trade Beijing ‘exploits’ Iran, says US advisory panel American officials have identified the Middle East, and particularly the GCC, as crucial turf in superpower competition between the US and China, singling out energy and advanced technology as the main fields where a tug-of-war is taking place. The US-China Economic and Security Review Commission, a 25-year-old Congressionally-mandated independent US government agency, dedicated an entire […] November 20, 2024
Analysis People & Lifestyle UAE marketing enters the YouTube age with MrBeast video Why is the world’s most popular YouTuber scaling the Burj Khalifa? He is helping the UAE to unlock a fresh demographic, marketing experts have told AGBI. MrBeast – a 26-year-old American whose real name is Jimmy Donaldson – is a pop culture phenomenon. His channel has 329 million subscribers and his gameshow-esque videos have racked […] November 15, 2024
EXCLUSIVE Oil & Gas IEF head sees Gulf at the top of Trump’s agenda The head of the International Energy Forum has told AGBI he believes the Gulf states will benefit from Donald Trump’s election victory strategically and politically, as well as in terms of investment and trade. The IEF is headquartered in Riyadh and counts the energy ministers of 72 states as members. It describes itself as a […] November 13, 2024
Banking and Finance Adia to buy $1bn stake in US software company Qlik Abu Dhabi’s sovereign wealth fund is buying a $1 billion stake in data analytics software company Qlik, the latest deal in a string of Gulf purchases from buyout groups. Thoma Bravo, a US buyout group that specialises in software businesses, acquired Qlik for $3 billion in 2016 and is to sell a stake to the […] November 11, 2024
Manufacturing Lucid reports higher revenue but steeper losses Saudi-backed US luxury electric vehicle maker Lucid reported a larger net loss than last year in the third quarter, but said revenue rose 45 percent, slightly ahead of Wall Street expectations. The company’s losses of $992.5 million in Q3 compared with $630.9 million in 2023. Revenue reached $200 million, narrowly beating estimates of $198 million. Lucid […] November 8, 2024
Analysis Oil & Gas Top of Trump’s to-do list: sanctions against Iran Donald Trump’s second term as US president, which is due to start in January, is likely to bring a significant strengthening of sanctions against Iran and a resumption of the “maximum pressure policy”, industry experts believe. In his first term as president, Trump withdrew from the Joint Collective Plan of Action, a 2015 accord which […] November 7, 2024
Opinion Trade Welcome back Donald, it’s time to get down to business Next 10 weeks are crucial for the Middle East, then there is much to look forward to from the new President November 7, 2024
Development The Greatest Show on Earth: US election results Wednesday November 6 | 8:30am – 10:30am | Capital Club, DIFC, Dubai Register to attend in person: RSVP@capitalclubdubai.com As the key swing states announce their results, join our Editor-at-Large, Frank Kane, and his guest panellists for expert analysis of the most hotly-contested – and consequential – US Presidential Election in years. Will it be Donald Trump […] November 4, 2024 Sponsored by
Finance PIF to back Brookfield Middle East fund Saudi Arabia’s Public Investment Fund (PIF) plans to back Brookfield Asset Management’s new $2 billion Middle East fund, helping the Canadian investment firm pursue deals in the Gulf. The investment platform, known as Brookfield Middle East Partners, will target $2 billion from a range of investors and intends to focus on buyouts and structured solutions, […] October 30, 2024
Opinion Oil & Gas Energy and Opec are at the centre of the US election campaign The Democrats just cannot shake the image of being opposed to oil and gas October 9, 2024
Renewable Energy Masdar completes purchase of stake in green energy producer UAE renewable energy major Masdar has completed its acquisition of a 50 percent stake Terra-Gen Power Holdings II, one of the largest independent renewable energy power producers in the US. Masdar bought the stake from US investment company Energy Capital Partners. No financial details on the deal, which was first announced in March, were shared. […] October 1, 2024
Opinion Finance Republicans in the UAE rally to the Trump cause A panel at the Capital Club, Dubai, gave their views on the changing landscape ahead of polling day September 20, 2024
Banking and Finance Ultra-wealthy pinpoint Gulf to set up family offices US private equity investor Leon Black, who has a net worth of around $14 billion, last week confirmed he was opening a branch of his family office in Abu Dhabi. The co-founder of New York investment giant Apollo Global Management joins the likes of Egyptian tycoon Nassef Sawiris, Binance co-founder Changpeng “CZ” Zhao, India’s Adani […] September 11, 2024
Opinion Education Dubai could learn from California on smartphones in schools Plenty of studies show their detrimental effects but the simple fact is we're increasingly reliant on our mobiles August 30, 2024
Construction Orascom Construction’s US revenue softens Mena decline Egypt’s Orascom Construction has reported a decline in its second-quarter revenues after a 25 percent drop in Mena revenue was softened by growth in its US business. Volatility in the value of the Egyptian currency also drove a decline in net profit for the Cairo-based company, from $92.8 million in the same period last year […] August 28, 2024
