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THIS MORNING: MGX comes back for OpenAI’s latest funding round + Mubadala eyes UK wealth management firm takeover
Plus: UAE inks a defence pact with France
THIS MORNING: OpenAI brings local inference to UAE + Adnoc is shuttling Iraqi crude across the Strait of Hormuz
Tourism and travel’s contribution to the Gulf’s GDP could drop by 14.5% to USD 330 bn this year
FAB backs SoftBank’s USD 40 bn loan to OpenAI
FAB is among a group of 21 new lenders that were allocated around USD 7 bn
TSMC is reviving potential plans for a USD multi-bn advanced chip factory in the UAE
PLUS: Adani walks away from acquiring Emaar Group’s India operations
THIS MORNING: Taqa eyes acquisitions in the US + Bin Butti joins race for Italian refiner IP
Plus: Has the CBUAE scrapped banks’ minimum balance hike?
More details on the US-UAE mega AI campus
AI investor MGX and Oracle are also expected to be involved in the project
UAE could be in line for more Nvidia chips + OpenAI mulls UAE data center
G42 would see some chips delivered directly, while others may come by way of a new partnership between G42 and…
THIS MORNING: Eshraq to invest in Shuaa’s bond offering? + Dubai to lead luxury real estate price growth this year -Savills
Plus: Abu Dhabi Airports saw record passenger growth in 2024
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