Technology

Joe Raedle/Getty Images

US eases foreign investment rules days before Trump Gulf visit: What to know

Gulf states are estimated to manage 40% of the world’s sovereign wealth and are some of the biggest investors in the United States.

Khaldoun al-Mubarak, Managing Director and Group Chief Executive Officer of the Mubadala Investment Company, speaks at a panel session during the World Government Summit in Dubai on February 12, 2024. (Photo by RYAN LIM / AFP) (Photo by RYAN LIM/AFP via Getty Images)

Mubadala investments soar by 33% as UAE deepens AI ties with US

Mubadala made 119 billion Emirati dirhams ($32.4 billion) worth of investments in 2024, up 33.7% from the previous year, according to a Thursday statement from the UAE fund.

United Arab Emirates

Sheikha Mayes Al-Thani speaks at inaugural USQBC-SelectUSA event in Washington, DC, February 25, 2024.

Interview

Qatar’s digital future offers opportunities in AI, energy, says head of US-Qatar Business Council

Talent, not just capital, is key to sustainable growth, says Sheikha Mayes Al Thani.

Sheikha Mayes Al Thani

Sheikha Mayes Al Thani

Managing Director, US-Qatar Business Council

Yasser Hassan

Exclusive

'Cloud First' policies give Saudi Arabia, UAE edge in AI race: Amazon exec

In March 2024, AWS announced plans to invest $5.3 billion in Saudi Arabia to launch a cloud infrastructure region in the kingdom by 2026.

In Bristol, reporting on regional business, climate change, AI, tech

Latest News

How UAE AI firm's past China links stalled this US chipmaker's IPO

chip

United Arab Emirates

UAE seals cloud deal with Microsoft, Core42 as Sheikh Tahnoon visits US

Sheikh tahnoon

United Arab Emirates

UAE’s Sheikh Tahnoon makes first US visit since Trump reelection: What to know

KARIM SAHIB/AFP via Getty Images

United Arab Emirates

Analysis

US stock plunge poses dilemmas for Gulf investors while exposing PIF, Mubadala risks

NYSE

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Saudi digital economy expert Deemah Al-Yahya speaks onstage during the 2024 Concordia Annual Summit at Sheraton New York Times Square, New York, Sept. 24, 2024.

Interview

As AI superpowers clash, Saudi tech diplomat pushes collaboration over competition

Deemah AlYahya

Secretary General, Digital Cooperation Organization

Tesla and SpaceX CEO Elon Musk, accompanied by his son, X Musk, speaks to the press as President Donald Trump looks on in the Oval Office at the White House, Washington, DC, Feb. 11, 2025.

Elon Musk's Boring Co. to build Dubai Loop network of tunnels

The loop is a network of underground tunnels, similar to one being developed in Las Vegas, that allows passengers to be transported nonstop, in electric vehicles, to 11 stations.

United Arab Emirates

An unidentified man speaks at the preliminary meeting for the fourth edition of the LEAP technology conference, set for Feb. 9-12, in Riyadh, Saudi Arabia, on Feb. 4, 2025.

Billions invested in AI, data centers at Saudi's LEAP summit: What to know

The four-day event saw billions of dollars worth of investment poured into artificial intelligence projects — many of them in Saudi Arabia.

UAE President Sheikh Mohamed bin Zayed al-Nahyan (L) and French President Emmanuel Macron talk as they attend an agreement signing ceremony as part of Zayed al-Nahyan's visit to France at the presidential Elysee palace in Paris, on Feb. 6, 2025.

After Rafale jets, UAE's MBZ inks $50B AI deal with France in landmark visit

Only a week after the delivery of the first batch of Rafale F4 fighter jets to Abu Dhabi, the United Arab Emirates will invest billions of dollars in a new AI center in France.

United Arab Emirates

OpenAI CEO Sam Altman

Amid DeepSeek competition, Altman visits UAE seeking OpenAI investment

Gulf investors are betting big on AI, with sovereign wealth funds in the UAE and Saudi Arabia making the booming tech sector a core component of their portfolios.

United Arab Emirates

Analysis

China’s DeepSeek triumph sparks billion-dollar AI dilemmas for Gulf investors

Middle Eastern countries could benefit from new cost-effective AI systems such as those created by DeepSeek in lieu of US AI companies.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

President-elect Donald Trump listens as DAMAC Properties CEO Hussain Sajwani speaks to members of the media during a press conference at the Mar-a-Lago Club on Jan. 7, 2025 in Palm Beach, Florida.

UAE’s Damac founder praises Trump after $20B US data center pledge

Joining Trump for a rally in Florida on Tuesday, Sajwani, the president-elect’s self-styled right-hand man in the Middle East, announced that his company would invest at least $20 billion in new US data centers from Arizona to Ohio.

United Arab Emirates

Delegates chat near a robot during the Future Investment Initiative (FII) forum at the King Abdulaziz Conference Centre in Saudi Arabia's capital Riyadh, on Oct. 30, 2019.

Analysis

Was 2024 a breakthrough year for the Middle East’s AI ambitions?

Gulf states doubled down on AI in 2024, pouring billions into tech infrastructure and US partnerships.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

This studio photographic illustration shows a smartphone with the website of Israel's NSO Group that features Pegasus spyware, on display in Paris, France, July 21, 2021.

What to make of US group acquisition of Israeli spyware firm Paragon as Trump returns

Iranian Defense Ministry

Iran conducts record space launch with largest-ever payload

Iran's space program has previously concerned the United States and its allies, who claim that its developments go hand-in-hand with those of its ballistic missile program.

Saudi PIF trims Nintendo stake from 7.5% to 6.3% in second cut of month

A filing with Japan’s Finance Ministry said the move follows the sale of more than 17 million Nintendo shares, which concluded in October.

US President Joe Biden and UAE President Sheikh Mohamed bin Zayed Al Nahyan walk to the Oval Office for a meeting, where the two discussed AI and ending the war in Gaza on Sept. 23, 2024, in Washington.

Analysis

How new US AI framework could impact UAE, Saudi ambitions

The framework comes as the UAE has deepened its AI ties with the United States in recent months over a series of visits to Washington by senior Emirati officials.

Samuel Wendel

By Jack Dutton , Samuel Wendel