Technology

5g egypt

Egypt launches 5G network as North Africa's digital push accelerates

North African states are moving to introduce high-speed internet and data-intensive applications to business and government sectors in the face of increasing demand.

BRENDAN SMIALOWSKI/AFP via Getty Images

AI chips, drones, jets: A look at Trump's $3.2 trillion megadeals during Gulf trip

Amid photo ops and lavish receptions, President Donald Trump’s Gulf trip yielded $3.2 trillion in announced deals with Saudi Arabia, Qatar, and the UAE — though some details remain vague.

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

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

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

Sheikha Mayes Al Thani

Sheikha Mayes Al Thani

Managing Director, US-Qatar Business Council

Exclusive

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

Yasser Hassan

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

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

Juergen Schmidhuber in an undated photo. @SchmidhuberAI

Interview

AI pioneer Schmidhuber bets on Saudi Arabia for trillion-dollar breakthrough

Juergen Schmidhuber, a pioneering AI researcher told Al-Monitor that Gulf players have opportunities to take on traditional tech powerhouses in this high stakes AI race.

Juergen Schmidhuber

Juergen Schmidhuber

AI computer scientist

Elbit Systems

Israel's Elbit clinches $53M deal to sell mortar systems to Europe

Between 2019 and 2023, Israeli weapons constituted 2.4% of the global market, massively reshaped by Russia's invasion of Ukraine and increased imports by European countries.

Saudi Crown Prince Mohammed bin Salman (R) attends a meeting with Chinese President Xi Jinping (L) at the Great Hall of the People in Beijing on Feb. 22, 2019.

Chinese investors skeptical as Gulf pushes for deeper economic ties with Beijing

Gulf states are building economic ties with Beijing in non-energy fields, but Chinese investors remain skeptical of ambitious economic diversification plans in the Gulf.

Sebastian Castelier

By Sebastian Castelier

In Dubai, reporting on regional business

Saudi-UK tech hub

Interview

Saudi Arabia's giga-projects to offer 'testing ground' for British technology

Saudi startups and fintech firms are looking to tap into the United Kingdom's $1 trillion tech market.

Matt Jones

Matt Jones

Saudi British Joint Business Council Project Officer

What Binance's new Dubai license means for UAE cryptocurrency sector

Binance, one of the largest crypto exchanges in the world, has experienced some legal setbacks recently and is the latest firm to receive Dubai’s coveted VASP license.

United Arab Emirates

NEW YORK, NEW YORK - JANUARY 09: The exterior of the new headquarters of Google is seen at 550 Washington Street in Hudson Square on January 09, 2024 in New York City. Designed by COOKFOX Architects, the 1.3-million-square-foot project involved the restoration and expansion of the St. John’s Terminal building along the Hudson River waterfront. (Photo by Michael M. Santiago/Getty Images)

Google fires 28 staffers after protesting Israel cloud contract

More than two dozen staff members have been fired after being arrested for protesting Google’s involvement in Project Nimbus, a $1.2 billion Israeli government cloud contract that also includes e-commerce giant Amazon.

Michael M. Santiago/Getty Images

Microsoft pumps $1.5B into UAE's G42 amid US-China tech power struggle

Washington reportedly threatened to punish G42 if it did not reduce its ties with Beijing and strengthen its US commitments.

United Arab Emirates

JACK GUEZ/AFP via Getty Images

IDF scrambles GPS systems in central Israel against potential Iranian reprisal

The Israeli military is apparently behind disturbances to location-based applications in central Israel in an effort to thwart potential airstrikes from Iran and its proxy forces.

Guests attend the Global AI 2020 Summit in the Saudi capital, Riyadh, on Oct. 21, 2020.

With $40B fund, Saudi Arabia looks to become world leader in AI

The fund would make the Gulf state the world’s largest investor in AI and help the kingdom realize its Vision 2030 agenda to diversify the economy away from oil.

BILS Facebook announcement.

Israeli cryptocurrency exchange to launch shekel-backed stablecoin

Stablecoins, which are digital currencies that are pegged to stable assets such as fiat currencies, have a degree of appeal in the Middle East.

Women walks through the Museum of the Future in Dubai during the Artificial Intelligence Forum held on October 11, 2023. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

What to know about MGX, UAE’s latest AI investment firm

The launch of the AI-focused firm follows the UAE’s largest company appointing an AI bot to its board, as Abu Dhabi seeks to become a world player in artificial intelligence.

United Arab Emirates

Photo from LEAP 2024.

AI and cloud investments dominate Saudi Arabia's LEAP tech summit

Amazon Web Services and DataVolt were among the companies that made significant cloud investments in the kingdom, which is looking to become a global technology hub.