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Mubadala Investment trims GlobalFoundries stake by 4.1% in 3Q 2024
ALSO- Irish-US VC firm Continuous Ventures agreed to support the NextGen FDI initiative
Mashreq deploys SAP Fieldglass tech to boost contingent workforce management
ALSO- Crysp Farms and Alesca Technologies will deploy 500 vertical farms across Mena over the next five years
Businesses report improved business performance citing AI adoption
28% of generative AI budgets go toward public cloud infrastructure in the UAE
UAE launches centralized KYC platform
A new company overseen by the CBUAE will manage the platform
CBUAE to promote tech transformation in the finance sector
Microsoft will provide AI training for 10k professionals in the financial services sector
Rothschild opens Dubai wealth management office
The office will focus on serving ultra-high-net-worth families
Chinese firms to establish manufacturing plants at Kizad
Saudi Delmon will build a AED 50 mn oil and gas manufacturing plant in Abu Dhabi
Astra Tech founder exits the firm, with G42 snapping up his stake
Abu-Sheikh will step down from his position as CEO
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