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THIS MORNING: Mubadala eyes stake in Italian telecom giant + Softbank’s Masayoshi Son sounds out GCC investors for AI fund
Plus: Airtel Money shares slip on IPO debut
Are a recent hiring freeze and AI gaining ground related?
Hiring activity saw its sharpest fall since August 2020 in 2Q
Rox eyes new energy storage platform + UAE, Washington follow up on AI ties
Rox’s plans focus on battery options from lithium-ion to long-duration thermal, gravity, and compressed-air storage.
DP World’s Cochin terminal skips Hormuz with new service, CBD plugs into Europe’s digital payments experiment, ADX widens its regional trading web, Mubadala partners with Together AI, Abu Dhabi and Singapore widen dealmaking lane
The route will stop at Fujairah and Sohar — two stops outside the Strait of Hormuz
THIS MORNING: L’imad moves ahead with AD Ports squeeze-out + Adic backs Nscale’s USD 3.3 bn financing round
Investors go after Dubai-based AIX for failing to deliver on promised returns
Abu Dhabi and Seoul get down to business on AI and finance
The agreements build directly on February's USD 65 bn defense-led pipeline and May's CEPA
THIS MORNING: L’imad opens an Azerbaijan investment lane + Khazna teams up with Siemens for AI infrastructure
Plus: Another Etihad Rail station is coming to Dubai
THIS MORNING: UAE, Iran signal turning a new leaf in bilateral relations + is Abu Dhabi rethinking its 5 GW data center campus?
Plus: Germany is backing a faster conclusion to UAE-EU trade talks
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