Trendyol, a rapidly growing e-commerce marketplace, has partnered with Zid, a leading e-commerce enablement platform in Saudi Arabia, to enhance growth opportunities for local merchants in the Kingdom and the UAE. This collaboration allows Zid merchants to integrate their stores with Trendyol, granting them immediate access to over three million customers on the platform. Mohamad...
Saudi Arabia has signed agreements with the United States worth more than $300 billion, as confirmed by Crown Prince Mohammed bin Salman during the Saudi-US Investment Forum held in Riyadh. This significant move underscores the Kingdom’s ongoing efforts to enhance its economic partnerships and investments. Credit: Fortune At the forum, Uber CEO Dara Khosrowshahi highlighted...
Amazon Web Services, Inc. (AWS), a subsidiary of Amazon.com, Inc., in collaboration with HUMAIN, has announced a significant investment of over $5 billion to establish a groundbreaking “AI Zone” in Saudi Arabia. This initiative aims to integrate advanced AWS AI infrastructure and services, including dedicated servers with top-tier semiconductors and UltraCluster networks, to enhance AI...
Kapsch TrafficCom has been awarded a significant contract for the implementation and maintenance of five tunnels by the Sharjah Roads & Transport Authority (SRTA) in the United Arab Emirates. This project aims to enhance operational efficiency, safety, and regulatory compliance for the tunnel systems, which connect the economic hub of Khorfakkan to the rest of...
The Ministry of Higher Education and Scientific Research (MoHESR) in the United Arab Emirates has formed a partnership with the Emirates Nuclear Energy Company (ENEC) to enhance the National Scholarship Programme. This collaboration aims to offer high-quality educational and training opportunities for Emirati students pursuing engineering degrees that align with the nation’s priorities while also...
The Trump administration is contemplating a deal that would enable the United Arab Emirates to import more than a million advanced Nvidia Corp. chips. This quantity significantly exceeds limits set under the Biden-era AI chip regulations, raising concerns about the potential risks of American hardware being accessed by China. According to sources familiar with the...
Abu Dhabi Future Energy Company PJSC, known as Masdar, has initiated the launch of $1 billion in dual tranche no-grow Reg S senior unsecured bonds. These bonds will have tenures of 5 and 10 years, reflecting Masdar’s commitment to financing renewable energy projects. The issuance is being managed by a group of joint lead managers...
His Highness Sheikh Ahmed bin Saeed Al Maktoum, who serves as the President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group, recently met with Timothy Adams, the President and CEO of the Institute of International Finance (IIF). This meeting took place on the sidelines...
The Abu Dhabi Public Health Centre (ADPHC) has entered into a Memorandum of Understanding (MoU) with Novartis Middle East FZE to enhance public health awareness and improve disease prevention, particularly focusing on cardiovascular diseases, diabetes, and chronic kidney disease in the Abu Dhabi Emirate. This agreement aims to raise awareness and advance disease management practices....
Ambassador Yousef Al Otaiba, the UAE Ambassador to the US, announced that the UAE is eager to host President Trump in Abu Dhabi this Thursday. He emphasized that the UAE and the US will be fast-tracking their $1.4 trillion strategic technology and investment partnership, with several announcements expected to be made. In a post on...