The GCC’s main draw has been its cheap energy, but add in nimble regulators and data sovereignty and you’ve got a doubly attractive pitch
Author Archives: enterpriseam admin
UAE-based BTC miner Phoenix pivots to AI infrastructure for Europe
“The window to establish strong positions [on AI infrastructure], with the right sites, power, and partnerships is open now, and we have the operational capability and balance sheet to move, so we are moving,” Phoenix Group CEO Munaf Ali tells us
Israeli telecom major Bezeq is going after Egypt’s data corridor dominance
Redundancy is increasingly necessary for the Europe-Asia data corridor, but the question is whether this would undermine Egypt’s prominence as a data transit hub
Saudi sukuk are going from a local asset class to global benchmarks
Even as regional tensions could spur risk-off sentiments for emerging markets, Saudi Arabia is seen as a safe bet — and its index inclusion shores up that status
Alabbar plans USD 18 bn fund to invest in Syria
The investments would be skewed more heavily towards real estate development projects, with around USD 5-7 bn earmarked for coastline tourism investments
US-Saudi Business Council has a new board of directors
Olayan Group’s Lubna Olayan and Citi CEO Jane Fraser will co-chair the board
More wins for ADGM, L’Imad and Adnoc make big infrastructure bets, and Aramco wants USD 10 bn from its real estate portfolio
Plus: A rare cross-border securitization could open a new source of funding for fast-growing businesses
Another Indian contractor sets up shop in the UAE
Plus: Morocco’s economy is on track to grow faster than expected this year
Modi to visit UAE, skipping the rest of the Gulf, as part of five-country tour
Plus: No summer salvation for Lebanon
May 2026 21 May — Central Bank of Egypt monetary policy decision. Egypt 25 May — Independence Day (public holiday, markets closed). Jordan 27-30 May — Eid Al Adha (public holiday, markets closed). Region-wide 28 May — Saudi Aramco ex-dividend date. Saudi Arabia June 2026 7 June — OPEC+ ministerial meeting. Vienna/Virtual 9 June — […]