UAE

Kaws' massive Companion sculpture makes a splash at Souq Al Mina waterfront.
FEATURE

Under Kaws’ moonlit glow, a Singaporean leads Manar Abu Dhabi’s night-time art show

Curator Khai Hori turns mangroves, deserts and historic sites into a cosmic wonderland

Each company is slated to receive AI chips with the computing power equivalent to 35,000 GB300 processors from Nvidia, according to the Commerce Department.

US approves sale of 35,000 AI chips to UAE’s G42, Saudis’ Humain

The deal is contingent on both companies meeting “rigorous security and reporting requirements”, the Commerce Department says

SRTs, frequently referred to as synthetic risk transfers, are a way for banks to insure loans against defaults.

Abu Dhabi banks lay groundwork for potential risk transfer deals

The global SRT market is set to expand 11% annually on average in the next two years

The licenses mark the first permits for Nvidia AI chip sales to the Gulf nation since US President Donald Trump took office.

US approves some Nvidia UAE sales in step of Trump AI diplomacy

Artificial intelligence is among the top priorities for the Gulf nation, which is spending massively on infrastructure at home and overseas

Home prices in Dubai are up more than 70% over the past four years, fuelling a broader construction boom.

Dubai Investments seeks to ride property boom with unit’s IPO

The city’s property market has been surging, driven by foreign buyers drawn by liberalised visa rules and growing end-user demand

High-rise buildings in Dubai. Emirati property has emerged an unexpected winner from US tariffs, as investment flows into less-impacted emerging markets.

Dubai looks to capitalise on weak dirham to lure British home buyers

The UAE currency, pegged to the US dollar, is down about 8% versus the pound since January

This year, some US$10.3 billion of private capital around the world could be planning to invest in Dubai’s property market, according to a report by property consultancy Knight Frank.

Singapore’s ultra-rich among wealthy Asians snapping up property in Dubai

In Q1, 111 residential properties valued at over US$10 million each were sold in the city

Advocates for the deals argue that if the US doesn’t encourage the world to use American chips, countries with AI ambitions will eventually turn to alternatives from Chinese companies – which have made progress in closing the gap with Nvidia. 

Trump’s rush to cut AI deals in Saudi Arabia, UAE opens rift with China hawks

[HONG KONG] US President Donald Trump’s flurry of artificial intelligence (AI) deals during his tour of the Middle East is opening a rift within his own administration as China hawks grow increasingly...

OpenAI has had a long relationship with the UAE, dating back to a 2023 partnership with G42.

OpenAI to help UAE develop one of world’s biggest data centres

[HONG KONG] OpenAI plans to help develop a massive new data centre in the United Arab Emirates that may eventually be one of the largest in the world, a major bet on the Middle East and a significant ...