Via Semafor, a report on how Saudi Arabia is betting big on Egypt: Saudi Arabia pledged to invest $5 billion in Egypt, a vote of confidence in Cairo’s efforts to address its fiscal and investment policies as well as a signal of shifting Gulf attitudes towards plowing cash into flailing regional economies. Saudi Crown Prince […]
Read more »Via Bloomberg, a report that Saudi Arabia and the Olympic Council are weighing moving the Asian Winter Games: Saudi Arabia and the Olympic Council of Asia have begun approaching other countries to potentially take over the 2029 Asian Winter Games as the ski resort designated to host the tournament in the Middle Eastern nation grapples […]
Read more »Via The Diplomat, commentary on how the Gulf region represents a convergence of regional instability and great power rivalry, with Chinese high-tech exports caught in the crossfire: China’s Digital Silk Road has emerged as a strategic avenue to circumvent mounting U.S.-led barriers to its high-tech development, offering an alternative model for digital globalization that emphasizes […]
Read more »Via The Africa Report, commentary on why African banks are turning from London and New York to Dubai and Riyadh: Arab-based DIFC and KAFD financial hubs are now outshining New York’s Wall Street and London’s The City. This geographical shift mirrors a broader reorientation of trade and financial flows towards Middle Eastern markets. For English-speaking […]
Read more »Via Rest of World, a report on how Middle East nations have committed $2 trillion to artificial intelligence, computer chips, and defense, chasing tech supremacy that money alone may not guarantee: The UAE will add $200 billion to existing AI investments, including building the world’s largest AI campus outside the U.S. Saudi Arabia struck deals […]
Read more »Via Rest of World, an article on Saudi Arabia, Qatar, and the UAE which have pledged trillions of dollars in return for access to cutting-edge chips for AI development: The UAE committed $1.4 trillion to the U.S., while Saudi Arabia promised $600 billion. Trump opened the AI chip floodgates, shipping 500,000 cutting-edge processors annually to […]
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