Via Semafor, a report on how the Gulf’s lifeline for Egypt is worrying Cairo’s residents: A Dubai-based billionaire’s plans to redevelop downtown Cairo with new streets and skyscrapers — an area akin to his home — is drawing a growing backlash in the Egyptian capital, where residents fear not simply the loss of a historic […]
Read more »Via Middle East Monitor, a report on an agreement between Syria and UAE’s DP World for port development: The Syrian government and DP World signed a memorandum of understanding (MoU) worth $800 million to develop Syria’s port of Tartous, Syrian state news agency SANA said today, after the lifting of US sanctions cleared the way for the deal, Reuters reports. The […]
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 […]
Read more »Via XRG, a report that XRG, the international investment arm of Abu Dhabi National Oil Co., is acquiring a stake in an offshore gas and condensate field in Turkmenistan: XRG expands footprint in Central Asia with a 38% interest in the offshore “Block I” gas and condensate fields in Turkmenistan Partnership with PETRONAS reflects XRG’s […]
Read more »Via Quartz, a report on Disney’s planned theme park in Abu Dhabi for which, this time, it won’t be footing the bill: Disney is headed to Abu Dhabi — but it’s not picking up the bill. In a deal announced Wednesday, The Walt Disney Company (DIS) revealed plans to open its seventh global theme park […]
Read more »Via The National, a report on a Dubai firm’s plan to build skyscraper-studded tax-free financial centre in Maldives: The Maldives government has partnered with Dubai-based MBS Global Investments to set up an $8.8 billion financial centre at capital Male, as the country seeks to attract more digital nomads and diversify its economy. The Maldives International Financial Centre will […]
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