{"id":2829,"date":"2024-07-04T16:30:49","date_gmt":"2024-07-04T13:30:49","guid":{"rendered":"https:\/\/gulfdca.com\/?p=2829"},"modified":"2024-07-04T16:34:23","modified_gmt":"2024-07-04T13:34:23","slug":"weekly-news-blast-4th-july-2024","status":"publish","type":"post","link":"https:\/\/gulfdca.com\/en\/weekly-news-blast-4th-july-2024\/","title":{"rendered":"Weekly News Blast – 4th July 2024"},"content":{"rendered":"
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Welcome to the GDCA Weekly News Blast! Check out the latest industry news from the GCC region below. Have any Middle East data centres news you\u2019d like to share? Email yours to imogen@gulfdca.com<\/a> with NEWS<\/strong> in the subject line.<\/div>\n
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Sponsor News\"\"<\/strong><\/span><\/h2>\n

Duke McCaffrey<\/b><\/span><\/h2>\n

A massive congratulations to the Duke McCaffrey team who were recently awarded the Royal Institute of the Architects of Ireland Public Choice Award for their latest innovative project!\u2026Read more<\/a><\/p>\n

Charles Russell Speechlys \"\"<\/b><\/span><\/h2>\n

Exploring critical issues related to restructuring and insolvency in the Middle East, Charles Russell Speechlys (ME) has launched its \u2018Insolvency Insights\u2019 podcast. With a host of industry expert guests, this is not something to miss!…Read more<\/a><\/p>\n

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Industry News<\/strong><\/span><\/h2>\n

Bahrain<\/b><\/span>\"\"<\/span><\/strong><\/h2>\n

Bahrain ranks fifth in ICT Index<\/i><\/b><\/p>\n

For the second year running, Bahrain has cemented its position as a global leader in information and communications technology (ICT) sectors. Ranking fifth globally and third in the Middle East, scoring 97.5 points (surpassing the global average of 74.8), the Kingdom\u2019s zealous commitment to achieving its Bahrain Vision 2030 goals and consolidating its position as a leading hub for digital innovation and economic diversification are more clear than ever\u2026Read more<\/a><\/p>\n

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Saudi Arabia<\/u><\/strong><\/h2>\n

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PIF\u2019s revenue soars to $88.3Bn<\/i><\/b><\/p>\n

Saudi Arabia\u2019s sovereign Fund, PIF, has reported revenues of $88.3Bn in 2023 \u2013 demonstrating its fervent efforts to drive economic diversification, digital transformation, and commitment to advancing Saudi Vision 2030\u2019s goals\u2026Read more<\/a><\/p>\n

Nokia optimises network infrastructure in Saudi<\/i><\/b><\/p>\n

Nokia Corporation (NOK) has announced its collaboration with stc Group to install Nokia\u2019s AI-powered MantaRay Cognitive SON solution for network optimisation in Saudi Arabia. By leveraging Nokia\u2019s industry-leading technology, stc Group aims to develop AI-driven capabilities to drive digital transformation across the Kingdom and cement KSA\u2019s place as a global leader. This pioneering technology will welcome a new era, where AI revolutionises the telecom industry and redefine standards for network performance\u2026Read more<\/a><\/p>\n

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UAE<\/strong><\/h2>\n<\/div>\n
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e& acquires Turkish cloud provider GlassHouse<\/i><\/b><\/p>\n

A $60Mn deal has been struck between e& (formerly Etisalat) and Mediterra Capital, a private equity firm, for 100% ownership of the cloud provider Glasshouse. Glasshouse specialises in data backup and business continuity, and this purchase will allow e& to use the cloud provider\u2019s capabilities across their facilities in the GCC. This is the company\u2019s first venture into the Turkish cloud market, after successful expansions into Saudi Arabia and Egypt in 2019 and 2023. e& is one step closer to achieving its strategic plan to scale e& enterprise, strengthen its digital capabilities, and expand its global footprint\u2026Read more<\/a><\/p>\n

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Dubai offers $6.8Bn incentives to attract FDI<\/i><\/b><\/p>\n

The Executive Council of Dubai has recently approved a new Foreign Direct Investment Development Programme, valued at &6.8Bn. The programme offers incentives to help attract $176.97Bn in investments to the Emirate by 2033 as part of the D33 Economic Agenda. Inextricably linked to Dubai\u2019s ambitions of becoming one of the world\u2019s top three economic cities, the programme aims to attract international companies and support the expansion of existing international countries. Dubai\u2019s competitive advantages, including logistics, infrastructure, geographical location, talent pool, and position as a competitive global commercial hub, all position it at a unique advantage \u2013 and the FDI programme will further highlight this\u2026Read more<\/a><\/p>\n

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Mubadala-backed GlobalFoundries buys new semiconductor tech<\/i><\/b><\/p>\n

GlobalFoundries, a chipmaker backed by Abu Dhabi\u2019s Mubadala Investment Company, has purchased a new technology called Gallium Nitride from semiconductor company Tagore Technology; offering faster performance and lower energy consumption than traditional chips in AI and data centres.\u00a0 By utilising this technology, GlobalFoundries hopes to address challenges associated with power design and support the evolution of AI data centre power delivery systems\u2026Read more<\/a><\/p>\n

ADNOC and e& join forces to build energy sector\u2019s largest 5G network<\/i><\/b><\/p>\n

Scheduled to complete in 2025 and generate $1.5Bn in value during its first five years, ADNOC and e& have joined forces to build the energy industry\u2019s largest private 5g network, covering nearly 11,000 sq\/km. This new network will equip ADNOC\u2019s offshore and onshore operations with high-bandwidth connectivity, reducing costs through automation, enhanced efficiency, cutting of emissions, and allowing for the integration of AI solutions in remote facilities \u2013 this is just one step closer to ADNOC achieving its goals of becoming the world\u2019s most AI-enabled energy company\u2026Read more<\/a><\/p>\n<\/div>\n

Oman<\/strong><\/span><\/h2>\n

Masdar and Acwa Power vie for Oman Solar Project\"\"<\/i><\/b><\/p>\n

Nama Power has opened submissions to develop a new 500MW solar project in Oman; among those shortlisted are the UAE\u2019s Masdar and Saudi Arabia\u2019s Acwa Power.\u00a0 This new plant is expected to cost $401Mn and is the fourth solar independent power producer (IPP) that the group has tendered\u2026Read more<\/a><\/p>\n

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Qatar<\/strong><\/span><\/h2>\n

\"\"Vodafone partners with Qatar Charity for knowledge exchange<\/i><\/b><\/p>\n

Qatar Charity and Vodafone Qatar have signed an MoU to establish a collaborative partnership for knowledge exchange. In line with Vodafone\u2019s Corporate Social Responsibility Programme, the telco has launched its \u2018Better Connections\u2019 training programme to offer Qatar Charity employees a series of tailored courses. Hoping to foster a digital society that enhances socioeconomic progress, these courses will provide employees with the tools to not only better the company but also, at a much broader scale, the people of Qatar\u2026Read more<\/a><\/p>\n

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Middle East<\/b><\/span><\/h2>\n

The GCC\u2019s chips ambitions seem to be failing, but why?<\/i><\/b><\/p>\n

Are factors like shortages of engineering talents and lack of water threatening Saudi Arabia and the UAE\u2019s goals of becoming hubs for computer chip manufacturing? We are witnessing an AI and machine learning revolution, resulting in exponential demand for high-end semiconductors. In many ways, access to chips will become a pseudo-currency in the global data market, allowing countries (who are chip rich) significant power and influence. At present, worldwide supply is entirely dependent on a handful of companies such as Nvidia, Samsung, and the Taiwan Semiconductor Manufacturing Company, and this makes others vulnerable. In response, the UAE launched Operation 300 billion with KSA following suit through the launch of its National Semiconductor Hub. Despite these attempts, there is still a monopoly in the industry; so what can be done to fix it\u2026Read more<\/a><\/p>\n

INTERESTING NEWS<\/strong><\/span><\/h2>\n

How a new tech academy is helping Saudi Arabia train its next generation<\/i><\/b><\/p>\n

Saudi Arabia has emerged as a global leader in the Artificial Intelligence race, and there are no signs of them slowing down anytime soon \u2026 at least not now that international giant Apple is involved! Scheduled to launch this Autumn, the Silicon Valley heavyweight has announced the unveiling of its Apple Developer Academy in Riyadh. Not only is it the first in MENA, but it is also the only all-female academy of its kind in the world. Offering courses on AI technologies, core machine learning, and guidance on how to build and train AI models from the ground up, are we set to see the creation of Saudi Arabia\u2019s tech-savvy workforce of the future?…Read more<\/a><\/p>\n

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Welcome to the GDCA Weekly News Blast! Check out the latest industry news from the GCC region below. Have any Middle East data centres news you\u2019d like to share? Email yours to imogen@gulfdca.com with NEWS in the subject line. Sponsor News Duke McCaffrey A massive congratulations to the Duke McCaffrey team who were recently awarded<\/p>\n","protected":false},"author":1,"featured_media":1572,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-2829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weekly-news-blast"],"_links":{"self":[{"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/posts\/2829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/comments?post=2829"}],"version-history":[{"count":1,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/posts\/2829\/revisions"}],"predecessor-version":[{"id":2830,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/posts\/2829\/revisions\/2830"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/media\/1572"}],"wp:attachment":[{"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/media?parent=2829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/categories?post=2829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/tags?post=2829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}