Courtesy of The Financial Times, a report that the UAE’s AI minister says a recent investment deal between Microsoft and G42 is part of strategy to reshape its economy: The United Arab Emirates is seeking a “marriage” with the US over artificial intelligence as the Gulf state hopes to use its oil wealth to become […]
Read more »Via African Critical Minerals, a report on the impact that the UAE’s Role in gold smuggling from Africa could have upon its investment ambitions on the continent: A report by Swissaid, released on Thursday, reveals the alarming extent of gold smuggling out of Africa. Between 321 and 474 metric tons of gold are produced annually […]
Read more »Courtesy of The Africa Report, a report on how DP World, the Dubai-based logistics giant, is both a thriving business and a geopolitical soft power tool: From humble beginnings a half-century ago as the local operator of the two-crane operation at Port Rashid, Dubai Ports World has matured into a global logistics powerhouse. It’s also […]
Read more »Courtesy of The Africa Report, a look at how Gulf cash is flowing into Africa, buying assets and influence. But at what price? The UAE’s growing financial footprint in Africa makes it an increasingly important partner for its economic – and political – ambitions. Foreign Direct Investment (FDI) from the Gulf to Africa has soared. […]
Read more »Via Al Monitor, a report on UAE’s ADNOC’s plans to invest in Mozambique’s natural gas in its first African foray: Abu Dhabi National Oil Company has made its first foray into Mozambique after acquiring a 10% stake in Galp’s Area 4 natural gas concession in the southern African country’s Rovuma basin, the state-run UAE energy […]
Read more »Via African Critical Minerals, a look at how the United Arab Emirates (UAE) has emerged as a major player in Africa’s critical minerals sector, driven by the global shift towards clean energy and the need to diversify its economic portfolio. The UAE has made significant investments in Africa’s mining sector, particularly in copper-rich Zambia and […]
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