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[As Saudi Arabia is attacked by the Houthis, the EU and Gulf countries are expected to postpone the Riyadh summit] On October 15th, the EU and the Gulf Cooperation Council are expected to postpone an important political summit. The host Saudi Arabia is being attacked by the Houthi armed forces in Yemen. Some Gulf officials have told Europe they are likely to postpone the meeting due to the security situation, but a new date has not yet been set, people familiar with the matter said.
#middle east conflict#Middle East Economic and Trade Trends#Middle East investment environment10-15 16:54
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September 29th, UAE-based L'IMAD Capital is said to be considering bringing in external funds.
#Middle East investment environment#Middle East Economic and Trade Trends#Private equity fund news09-29 17:05
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[Microsoft is betting heavily on the Middle East: It plans to invest more than US$10 billion in AI and cloud computing infrastructure by 2030] On September 24, Microsoft stated that it plans to invest more than US$10 billion in capital expenditures and operating expenditures in the Middle East by 2030 to expand its cloud computing and AI infrastructure in Kuwait, Qatar, Saudi Arabia and the United Arab Emirates.
#AI infrastructure#cloud computing#Microsoft#U.S. stock trends#AI#Infrastructure investment#Middle East investment environment#Middle East Economic and Trade Trends09-24 15:04
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On September 21, JPMorgan Chase and the Qatar Investment Authority (QIA) planned to establish a US$20 billion investment partnership.
#Middle East Economic and Trade Trends09-21 19:00
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[UAE President visits Germany to invest 40 billion euros] On September 11, the United Arab Emirates and Germany announced on September 10 that the UAE plans to invest 40 billion euros in Germany to deepen cooperation between the two countries in areas such as digital infrastructure. This news was announced when UAE President Mohammed launched his first state visit to Germany on the 10th. In addition, the UAE and German companies have signed 29 agreements totaling approximately 9.4 billion euros. (Xinhua News Agency)
#Infrastructure investment#Middle East Economic and Trade Trends09-11 16:20
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September 4th: Abu Dhabi AI company G42 is considering introducing US ownership to ensure AI chip supply channels.
#AI chip#chip#AI#semiconductor chip#Middle East Economic and Trade Trends09-04 20:51
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On September 2, Kuwait issued an emir order allowing the government to borrow from sovereign wealth funds to support national finances.
#Middle East investment environment#Middle East Economic and Trade Trends09-02 17:47
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On September 1, the Bank of Israel stated that inflation has eased in recent months.
#Monetary Policy Trends#Middle East investment environment#Middle East Economic and Trade Trends09-01 21:03
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On August 31, Together AI and Humain reached a cooperation to build a new data center in Saudi Arabia.
#AI#data center#Middle East investment environment#Middle East Economic and Trade Trends08-31 20:05