Via Semafor and Damac, a report on new UAE investment in Indonesia’s AI sector: Damac puts $2.3B on Jakarta AI Damac, Dubai’s largest private developer, is on a multibillion dollar spending spree to develop artificial intelligence infrastructure, this time in Indonesia. Subsidiary Edgnex is investing $2.3 billion in a 144 megawatt Jakarta data center. The […]
Read more »Courtesy of The Financial Times, a report on Syria’s plans to be relinked to Swift payment system after more than a decade of sanctions: Syria will be fully reconnected to the Swift international payment system “in a matter of weeks”, the country’s new central bank governor said, relinking the country to the global economy after […]
Read more »Via Bloomberg, a look at how an economic boom lifted 100 million Vietnamese out of poverty. Then came the Trump rug-pull: It’s been several weeks since US President Donald Trump declared his global trade war, but Dinh Ngoc Hien is still busy tending to her stream of customers. One by one, they pluck cigarettes, noodles, […]
Read more »Via Foreign Policy, an article on Egypt’s debt-funded mega infrastructure projects: Earlier this month, Egypt unveiled plans to develop a new 1,680-acre desert city named Jirian. The massive initiative will see roughly 7 percent of the country’s annual Nile River quota rerouted from fertile delta regions via a human-made channel that winds through the city. It will […]
Read more »Via Rest of World, a look at how the Chinese company behind 50% of Africa’s smartphone sales now wants to dominate its roads: Transsion, Africa’s smartphone leader, is rapidly expanding into the continent’s EV market. Africa’s EV market is estimated to reach $28 billion by 2030 from about $17 billion this year. Transsion has manufacturing […]
Read more »Via Geopolitical Monitor, a report on the Taliban’s use of mineral potential to help improve its diplomatic presence: Since the Taliban’s return to power, Afghanistan’s mineral and extractive industries have assumed growing strategic importance in the broader context of sustaining the country’s fragile economy. The abrupt loss of access to international financial assistance, the freezing […]
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