Technology

PEDRO PARDO/AFP via Getty Images

Saudi PIF signs deals worth up to $50B with six Chinese institutions

As one of the world’s largest sovereign wealth funds, the $925 billion Saudi PIF is already heavily invested in China.

Empty baggage trucks are seen by a Turkish airlines Boeing 777, Los Angeles International Airport (LAX), Jan. 11, 2023.

Turkish Airlines cancels 84 flights amid global IT outage

The Turkish transportation minister said the government expects the disruption to end “within hours.”

Google reportedly offers $23B for Israeli cybersecurity firm Wiz

Israel's Wiz is one of the world’s fastest-growing startups, having reached $350 million annual recurring revenue last year, and provides services to more than 40% of Fortune 100 businesses.

Indonesian President Joko Widodo (L) listens to a speech by United Arab Emirates (UAE) Minister of State for Foreign Trade Thani Ahmed Al Zeyoudi (R) during the inauguration of the newly built floating solar power plant on the water that can generate 192 mega watts of peak electricity in cooperation between the Indonesian government and Masdar from the UAE, at Cirata Reservoir, West Java, on November 9, 2023. (Photo by BAY ISMOYO / AFP) (Photo by BAY ISMOYO/AFP via Getty Images)

Interview

G42-Microsoft partnership in Kenya 'just the beginning,' says UAE trade minister

In an exclusive interview with Al-Monitor, Dr. Thani Ahmed Al Zeyoudi discusses momentum in UAE trade with the US, the benefits of economic diversification and Africa’s priority in UAE trade policy.

Dr. Thani Ahmed Al Zeyoudi

With Dr. Thani Ahmed Al Zeyoudi

UAE Minister of State for Foreign Trade

Latest News

NVIDIA to deploy AI across Middle East amid increasing US-China tech tensions

NVIDIA's founder and CEO Jensen Huang.

Analysis

With China rivalry in mind, UAE's Sheikh Tahnoon hits tech reset in US visit

UAE National Security Advisor Sheikh Tahnoon Bin Zayed Al Nahyan meets Microsoft co-founder Bill Gates in Seattle on June 7, 2024.

In Bristol, reporting on regional business, climate change, AI, tech

US reportedly slows AI chip exports to Mideast as Saudi Arabia turns to China

Justin Sullivan/Getty Images

Saudi Prince Alwaleed bin Talal invests in Elon Musk’s $24B AI startup

BEVERLY HILLS, CALIFORNIA - MAY 6: Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. The 27th annual global conference explores various topics, from the rise of generative AI to electric vehicle trends and features participants, soccer star David Beckham and actor Ashton Kutcher. (Photo by Apu Gomes/Getty Images)

Huawei launches Egypt public cloud service as China ties grow

PAU BARRENA/AFP via Getty Images

A Turkish Bayraktar TB2 combat drone is on view during a presentation at the Lithuanian Air Force Base in Siauliai, Lithuania, on July 6, 2022.

Turkey's fastest drone plays key role locating Iran helicopter crash site

The location of the helicopter crash site was identified by Turkey’s Akinci drone, according to Turkish officials, after Ankara sent teams to help Iran's search mission.

Juergen Schmidhuber in an undated photo. @SchmidhuberAI

Interview

AI pioneer Schmidhuber bets on Saudi Arabia for trillion-dollar breakthrough

Juergen Schmidhuber, a pioneering AI researcher told Al-Monitor that Gulf players have opportunities to take on traditional tech powerhouses in this high stakes AI race.

Juergen Schmidhuber

With Juergen Schmidhuber

AI computer scientist

Elbit Systems

Israel's Elbit clinches $53M deal to sell mortar systems to Europe

Between 2019 and 2023, Israeli weapons constituted 2.4% of the global market, massively reshaped by Russia's invasion of Ukraine and increased imports by European countries.

Saudi Crown Prince Mohammed bin Salman (R) attends a meeting with Chinese President Xi Jinping (L) at the Great Hall of the People in Beijing on Feb. 22, 2019.

Chinese investors skeptical as Gulf pushes for deeper economic ties with Beijing

Gulf states are building economic ties with Beijing in non-energy fields, but Chinese investors remain skeptical of ambitious economic diversification plans in the Gulf.

Sebastian Castelier

By Sebastian Castelier

In Dubai, reporting on regional business

Saudi-UK tech hub

Interview

Saudi Arabia's giga-projects to offer 'testing ground' for British technology

Saudi startups and fintech firms are looking to tap into the United Kingdom's $1 trillion tech market.

Matt Jones

With Matt Jones

Saudi British Joint Business Council Project Officer

What Binance's new Dubai license means for UAE cryptocurrency sector

Binance, one of the largest crypto exchanges in the world, has experienced some legal setbacks recently and is the latest firm to receive Dubai’s coveted VASP license.

United Arab Emirates

NEW YORK, NEW YORK - JANUARY 09: The exterior of the new headquarters of Google is seen at 550 Washington Street in Hudson Square on January 09, 2024 in New York City. Designed by COOKFOX Architects, the 1.3-million-square-foot project involved the restoration and expansion of the St. John’s Terminal building along the Hudson River waterfront. (Photo by Michael M. Santiago/Getty Images)

Google fires 28 staffers after protesting Israel cloud contract

More than two dozen staff members have been fired after being arrested for protesting Google’s involvement in Project Nimbus, a $1.2 billion Israeli government cloud contract that also includes e-commerce giant Amazon.

Michael M. Santiago/Getty Images

Microsoft pumps $1.5B into UAE's G42 amid US-China tech power struggle

Washington reportedly threatened to punish G42 if it did not reduce its ties with Beijing and strengthen its US commitments.

United Arab Emirates

JACK GUEZ/AFP via Getty Images

IDF scrambles GPS systems in central Israel against potential Iranian reprisal

The Israeli military is apparently behind disturbances to location-based applications in central Israel in an effort to thwart potential airstrikes from Iran and its proxy forces.

Guests attend the Global AI 2020 Summit in the Saudi capital, Riyadh, on Oct. 21, 2020.

With $40B fund, Saudi Arabia looks to become world leader in AI

The fund would make the Gulf state the world’s largest investor in AI and help the kingdom realize its Vision 2030 agenda to diversify the economy away from oil.

BILS Facebook announcement.

Israeli cryptocurrency exchange to launch shekel-backed stablecoin

Stablecoins, which are digital currencies that are pegged to stable assets such as fiat currencies, have a degree of appeal in the Middle East.

Women walks through the Museum of the Future in Dubai during the Artificial Intelligence Forum held on October 11, 2023. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

What to know about MGX, UAE’s latest AI investment firm

The launch of the AI-focused firm follows the UAE’s largest company appointing an AI bot to its board, as Abu Dhabi seeks to become a world player in artificial intelligence.

United Arab Emirates