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Abu Dhabi agrees to student accommodation project PPP
PLUS: Dubai-based developers can now build AI-powered systems for customs and logistics sectors
THIS MORNING: US lawmakers call for probe into Microsoft’s partnership with G42 + FAB denies plans to acquire a stake in Yes Bank
Plus: More m’naires to flock to the UAE this year
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
G42’s partnership with Microsoft at risk?
Plus: Adia-backed consortium is among the preferred bidders for DB Schenker
From oil to chips
The UAE and Saudi Arabia are spending big money on semiconductor production
Alcazar Energy to Invest USD 500 mn in 400 MW Wind Farm in North Macedonia
The project will bring Alcazar Energy’s investments in the Western Balkans region to some USD 1 bn
Praise for US + UAE AI ties
G42 cutting its ties with China’s Huawei was a “positive development”
Qstay closes USD 4.6 mn pre-series A round
The funding was raised through a combination of conventional and convertible debt
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