Sponsor News
Charles Russell Speechlys
CRS contribute to ThoughtLeaders4 Disputes latest issue – ‘Arbitration in the UAE and Saudi’
In this expert insight interview, Peter Smith (CRS Legal Director) delves into the Middle East’s enduring commitment to construction-related arbitration and casts a keen eye on the burgeoning realms of commercial arbitration, particularly in the dynamic sectors of digital assets, private wealth, and ESG…Read more
Industry News
Saudi Arabia
BSF Capital and MIS sign a letter of intent to raise capacity of data centres
Al Moammar Information Systems (MIS), a Saudi IT company, and BSF Capital have announced plans to increase data centre capacity in the region by up to 64MW in a deal estimated to be worth between $520mn-$666mn. BSF Capital signed the letter of intent with MIS on behalf of the Saudi Data Centre Fund 1, an investment fund created to construct six hyperscale data centres in the Kingdom with an accumulated capacity of 24MW…Read more
UAE
G42 partners with Nvidia to launch a climate tech lab
UAE-based AI company G42, which tech giant Microsoft famously invested $1.5bn in, has partnered with Nvidia to set up a climate tech laboratory in Abu Dhabi. Following the chaos-inducing storms experienced by the UAE and GCC earlier this year, utilising cutting-edge technology, this lab will ‘’serve as a hub for research and development, driving forward both companies’ commitment to environmental sustainability’’ comments a company rep. This follows G42’s recent collaboration with Microsoft to open two centres in Abu Dhabi to advance work on ‘responsible’ AI practices…Read more
Qatar
Ooredoo Group secures QR2Bn to accelerate data centre expansion
In a landmark deal, Ooredoo Group have announced a QR2bn financing deal aimed at accelerating the growth of its data centre and AI business, recently announced as MENA Digital Hub. The funds will be allocated to carve out existing data centre assets from Ooredoo’s telecom operations, with a significant portion directed toward expanding capacity and upgrading infrastructure to support the growing demand for AI, cloud services, and hyperconnectivity in the MENA region. This monumental deal follows the company’s US$1bn investment in expanding its combined data centre capacity by 120MW in the medium to long term…Read more