News & Views
SoftBank looks to grow its stake in OpenAISoftBank Group is looking to boost its existing 11% stake in OpenAI to an even more substantial amount. Bloomberg reported that the Japan investment company is holding discussions about...
SpaceX could enjoy a record financial listingIn what could potentially be the largest listing in financial history, SpaceX is considering an initial public offering (IPO) in mid-June 2026 which could raise up to $50 billion...
Meta scores a $6 billion AI fibre dealMeta Platforms and technology company Corning recently signed a deal valued at up to $6 billion to provide fibre-optic cable capabilities for the social media giant’s AI data centre buildout....
Nvidia invests $2 billion in cloud computing company CoIn order to accelerate the buildout of more than 5 gigawatts of AI data centres by 2030, Nvidia recently invested an additional $2 billion in cloud computing company and...
OpenAI looks to Abu Dhabi to invest $50 billion in fundAccording to Bloomberg, OpenAI‘s CEO Sam Altman has recently met with leading Middle East sovereign investors as he seeks to line up a new fundraising round that has the...
DAMAC invests $12 billion in U.S. AI data centre sitesDAMAC, a real estate developer based in Dubai, recently secured U.S. land and power capacity worth $12 billion for AI data centres. This move puts the company more than halfway toward...
Nvidia starts 2026 strong with AI chip salesBrand Finance‘s recently released figures highlight how AI technology has propelled Nvidia up its list of the 500 biggest companies in the world. The US chip company ranked in...
Anthropic AI looks to raise $10 billion in fundingAI developer Anthropic is reportedly looking to secure $10 billion in a new funding round. This move would see the company valued at $350 billion prior to the new...
Belong expands NRI investment options with tax-free dirTax-free investment offering for NRIs to invest in India via GIFT City, India Dubai — Belong, a new fintech platform for global Indians to invest safely and easily in...
The CFO Middle East Awards – winners announcedOver 150 finance leaders from a variety of the region's major industries gathered for the second annual The CFO Middle East Awards.
Voting now open for second annual ‘The CFO Middle EasThe CFO ME is pleased to announce that the ‘The CFO Middle East Awards’ is back for its second edition.
IFS: 35% of global CFOs responsible for driving digital86 percent of the respondents think that digital transformation will play a key role in their market but 40 percent lack a strategy for it.
Saxo Bank weighs in on Brexit’s impactSaxo Bank, the online multi-asset trading and investment specialist, has published its quarterly outlook for global markets and key trading ideas for the third quarter of 2016, the Essential...
Emirates NBD releases results of ‘Dubai Economy TrackAccording to the latest ‘Dubai Economy Tracker’ index released by Emirates NBD, Dubai private sector companies signalled a positive start to the third quarter of 2016, with overall business...
Oman growth weakens as oil prices remain lowAccording to report by the National Bank of Kuwait (NBK), Oman's economy is showing signs of slowing with consumer confidence weakening, government projects being cut, and market conditions staying...
MoF and Abu Dhabi Global Market sign MoUFollowing its commitment to exchange tax information according to international requirements and sign agreements on the avoidance of double taxation; the Ministry of Finance has recently signed a memorandum...
Misys and Habib Bank receive accolade from CelentMisys has been recognised for its work with Habib Bank Limited (HBL) in the cash management and trade finance category of the 2016 Celent Model Bank programme.
Mercer releases ‘M&A Global Report’According to the report, people-related risks remain top of mind for both buyers and sellers, including employee retention, cultural integration, leadership assessment, compensation and benefit levels and overall talent...
Dubai Chamber hosts workshop on trade credit managementAs part of its Business Beyond Borders Series launched earlier this year, the Dubai Chamber of Commerce and Industry in cooperation with Coface and NGI organised a workshop on...
MoF signs cooperation agreement with UAE Central BankThe Ministry of Finance (MoF) has recently signed a cooperation agreement with the UAE Central Bank at its premises in Abu Dhabi. The agreement aims to enhance cooperation in...
