Oman announced $9 billion worth of projects involving investors from Asia, Europe, and the Middle East — a sign of how the country is proving more able than some in the region to handle the disruption caused by the Iran war. They include a slate of 10 deals in the ...
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Prewar, Gulf corporate profits were on a tearPrewar, Gulf corporate profits were on a tear
Early in 2026, it looked like Gulf businesses were in for a banner year. The region’s listed companies saw net profits rise 15.5% to a record $67.9 billion in the first quarter, according to a report by research firm KAMCO Invest. Saudi Aramco led the way by making $32 billion ...
Abu Dhabi continues to attract startup founders despite warAbu Dhabi continues to attract startup founders despite war
Kelsey’s view Organizers feared a subdued annual gathering for Abu Dhabi’s seven-year-old entrepreneurial center Hub71; the vibe at the event this week was anything but. There were hundreds of attendees — entrepreneurs, investors, academics, and corporates — noshing on handouts of poke bowls and mango popsicles, with one founder wearing ...
Foxconn to invest in Vietnam green energyFoxconn to invest in Vietnam green energy
Foxconn, the world’s biggest electronics manufacturer, said it will invest in one gigawatt of solar and wind energy production in Vietnam, where energy supplies have been upended by the war in the Middle East. The southeast Asian country imported almost 80% of its oil from Kuwait before the start of ...
Europe expands regulatory crackdown on Big TechEurope expands regulatory crackdown on Big Tech
Europe opened new fronts in its regulatory crackdown on Big Tech. Brussels ordered Meta to reverse a block on third-party AI assistants on WhatsApp, arguing that the tech giant was using its dominance to favor its own AI services; it follows antitrust cases against Google and Apple, and an extant ...
The case for space data centersThe case for space data centers
Building data centers in space could be cost-effective by around 2040, analysis suggested. Launch costs mean orbital compute is roughly four times the price of terrestrial, SemiAnalysis wrote, and its purported advantages such as easy cooling and constant solar power are overstated. But by the early 2030s, space data centers ...
China tech on display at World CupChina tech on display at World Cup
China’s soccer team didn’t qualify for the FIFA men’s World Cup, which kicks off this week, but its tech is front and center at the tournament. Qingdao-based Hisense is the official display partner for the video assistant referee systems, while Lenovo, as FIFA’s “Official Technology Partner,” is deploying servers in ...
China’s $300 billion plan to build more data centersChina’s $300 billion plan to build more data centers
China is looking to spend nearly $300 billion over the next five years to build more data centers across the country, as Beijing strives to gain ground on the US in the AI race. The government wants to construct a network of “computing hubs,” Bloomberg reported. “The primary beneficiary of ...
Jockeying starts for a Trump intelligence job that may be takenJockeying starts for a Trump intelligence job that may be taken
The News President Donald Trump hasn’t committed to naming a permanent director of national intelligence to quell bipartisan outrage over his interim choice, but there’s already a quiet competition among more conventional hopefuls in case he wants to fill the job. Trump shocked Washington when he announced last week that ...
India still waiting for US trade dealIndia still waiting for US trade deal
A US probe into India’s trade practices is holding up the countries’ long-awaited trade deal as New Delhi’s economic woes pile up. India is pushing the US for preferential tariffs, but the countries’ relationship has worsened during Donald Trump’s second term, compounding New Delhi’s challenges: The Iran war has driven ...