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Saudi Arabia is charting an assertive course in artificial intelligence, signaling a future where AI investment and deployment become central to its economic strategy. The kingdom has publicly embraced an ambitious plan to assemble a $40 billion AI investment fund, a moveset designed to position Saudi Arabia as a global hub of AI development, innovation,…
Warba Bank’s move to acquire a significant stake in Gulf Bank signals a notable shift in Kuwait’s banking landscape, combining strong regional players into a more consolidated platform. The deal, valued at $1.62 billion (KWD498.2 million), covers Alghanim Trading’s 32.75 percent stake in Gulf Bank. The transfer of shares will proceed once the necessary regulatory…
Saudi Arabia is pursuing a sweeping artificial intelligence vision anchored by a proposed $40 billion investment fund and a clear aim to position the kingdom as a global leader in AI. Yet the path from ambition to execution is inherently complex. Across many Saudi organisations, AI programmes are still in early stages, and only a…
Warba Bank’s move to acquire Gulf Bank’s stake marks a significant consolidation in Kuwait’s banking sector, signaling a broader trend of strategic reshaping among major lenders. The deal involves Warba Bank agreeing to purchase Alghanim Trading’s 32.75% stake in Gulf Bank for $1.62 billion (KWD498.2 million). The share transfer will only be completed after securing…
Sapura Energy Bhd has been the focus of renewed scramble and reassessment as it moves…
A proposed RM600 million rights issue pushed Alliance Bank Malaysia Bhd’s shares lower in early…
Ho Hup Construction Bhd and Sunrise Model Sdn Bhd have reached an amicable settlement after…
Najib Razak, the former Malaysian prime minister, took the stand to present a defense centered…
Malaysia’s property market in 2024 finished with notable momentum, marked by record deal sizes, a…
The internal announcement comes at a tumultuous time for the CDC and its workforce, which is still reeling from the…
Move is another attempt to make it tougher for China to develop cutting-edge AI hardware.
The European Union recently introduced the NI2 Directive, a comprehensive framework to strengthen the region’s defenses against digital threats. In…
The Ministry of Commerce and the Ministry of Interior have signed a Memorandum of Understanding (MoU) to tackle the long-standing…
We’re delighted to announce a new collaboration between DeepMind for Google and Android, the world’s most popular mobile operating system.…
President Donald Trump and the Justice Department face criticism for not releasing information about the Jeffrey Epstein investigation.
Contextual AI launches its Grounded Language Model (GLM) that achieves 88% factual accuracy, outperforming major competitors while minimizing
Spanning 13km, the corridor serves one million residents and major developments, including Dubai Islands, Dubai Waterfront, and Port Rashid
SQream will use the funding to grow its footprint in North America and further cement its position in the data…
Wizz Air Abu Dhabi carried more than 1.2 million international visitors to Abu Dhabi in 2024, contributing 25 per cent…
