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NMDC Energy lands AED 5.05 bn contract with Modon Holding
NMDC has several projects in the pipeline across the GCC
Traditional tech struggles as AI boom overshadows sector’s slump
Despite the AI boom offering some respite for tech, the overall recovery of the sector remains uncertain
Sheikh Tahnoon-led AI investor MGX flags “significant steps” in the offing
Plus: Telemarketers from financial services companies now need regulatory clearance before spamming you
It’s a big day for capital markets with two interest rate decisions and a ton of earnings reports looming
Plus: Egypt expects to receive USD 820 mn tranche from its USD 8 bn IMF loan in the “coming days”
Damac invests in AI firms Anthropic, xAI, and Mistral + eyes USD 1 bn in investments in data centers
Damac invested USD 50 mn in Anthropic
Adnoc Drilling secures USD 733 mn contract for three island rigs
The company has invested more than USD 2.2 bn into its drilling fleet since 2021.
e& to develop giant private 5G wireless network for Adnoc
The 5G network will transmit information from sensors embedded in more than 12k wells and pipelines
Abu Dhabi’s United Al Saqer invests USD 200 mn in UK VFX studio DNEG
The VFX studio wille establish an Abu Dhabi office
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