Topic: Economic Diversification
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GITEX GLOBAL: Dubai's Innovation Hub Expands
GITEX GLOBAL and Expand North Star are relocating to Dubai Expo City in 2026, marking a strategic reinvention to align with global tech advancements and enhance the event experience. The move includes a permanent shift to a winter schedule during Dubai's peak tourism season and unifies the events...
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Geothermal Network Powers Colorado Town's Economic Future
Hayden, Colorado is shifting from traditional energy to geothermal to ensure economic stability and energy independence after a coal plant closure. The town is developing a geothermal-powered business park, leveraging grants and incentives to attract employers and provide sustainable heating and ...
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Oman Climbs to 69th in Global Innovation Index, Jumps 5 Spots
Oman rose to 69th in the 2025 Global Innovation Index, reflecting its commitment to a knowledge-based economy through investments in technology, education, and infrastructure. The country ranked in the top twenty globally in six sub-indicators, including economic clusters, policy stability, and s...
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Saudi Arabia's 4IR Industrial Transformation Surge
Saudi Arabia is transforming its industrial sector through advanced technologies and strategic initiatives as part of its long-term economic vision, focusing on diversification, infrastructure, and talent development. The adoption of Fourth Industrial Revolution technologies like AI, IoT, robotic...
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Dubai Holding, Palantir Launch Aither to Drive AI Transformation
Dubai Holding and Palantir Technologies have launched Aither, a joint venture to accelerate AI adoption in the UAE by combining Palantir's AI platforms with Dubai Holding's regional expertise. Aither builds on an 18-month collaboration that has already improved efficiency and decision-making in s...
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Dubai's Aither: AI Partnership by Dubai Holding and Palantir
Dubai Holding and Palantir Technologies have launched a joint venture called Aither to scale proven AI capabilities across the UAE, supporting digital transformation in both government and private sectors. The partnership builds on an 18-month collaboration that has already enhanced efficiency an...
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AI FDI Hits 22% in 2025, Set to Top $1.2 Trillion by 2029
Artificial intelligence and sustainability are now central drivers of global investment, reshaping capital allocation and economic growth, with AI-related foreign direct investment projected to reach 22% of global FDI in 2025 and investments in AI infrastructure expected to exceed $1.2 trillion b...
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UAE's Industry 4.0 Boom Fuels Manufacturing Growth
The UAE's manufacturing sector grew by 7.7% in Q1 2025, contributing 13.4% to non-oil GDP, driven by Industry 4.0 technologies and digital transformation initiatives. Industry leaders at the Sharjah Investment Forum highlighted the adoption of AI, IoT, and robotics, emphasizing predictive mainten...
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Saudi Aramco Buys Stake in PIF's AI Firm HUMAIN
Saudi Aramco is acquiring a minority stake in HUMAIN, with both PIF and Aramco contributing AI assets and expertise to scale operations and enhance Saudi Arabia's position as a global AI hub. The partnership aims to accelerate talent development, innovation, and industrial AI applications, levera...
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Lucid Motors: Powering Saudi Arabia's Sustainable Future
Lucid Motors is advancing Saudi Arabia's electric vehicle transformation by establishing a major assembly plant and retail presence, aligning with Vision 2030 to boost production capacity and clean mobility goals. The company earned the "Saudi Made" certification, becoming the first OEM to do so,...
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Lenovo Launches New Middle East & Africa HQ in Riyadh
Lenovo has begun constructing its new Middle East and Africa Regional Headquarters in Riyadh, reinforcing its commitment to the local market and aligning with Saudi Arabia's Vision 2030, with operations set to start by March 2026. The headquarters will serve as a strategic hub for innovation, par...
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Oman to Launch First High-Tech Satellite in 2026
Oman will launch its first high-tech satellite in the first half of 2026, marking a major milestone in its digital and scientific advancement. The satellite features high-resolution imaging and onboard AI for real-time data processing, enabling detailed Earth observation and faster insights. It w...
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Sheikh Khaled: Microsoft's $15.2B AI Investment to Boost UAE Digital Growth
Microsoft is investing $15.2 billion in the UAE from 2023 to 2029 to boost its AI and cloud infrastructure, develop local talent, and strengthen its strategic partnership with the U.S. The investment focuses on building AI expertise tailored to regional needs, expanding data centers with advanced...
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Oman Data Park & Axway Boost Secure Data Exchange in Oman
Oman Data Park and Axway have formed a strategic partnership to enhance secure data exchange and digital innovation in Oman, aligning with Oman Vision 2040 by providing advanced API management and integration tools. The collaboration integrates Axway's technologies into ODP's secure cloud platfor...
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AWS and e& Launch AI Nation to Upskill 30,000 UAE Professionals
AWS and e& have launched the "AI Nation – Afaaq" programme to train 30,000 UAE professionals in AI and cloud computing, part of a $1 billion strategic alliance. The initiative provides 30,000 AWS certification vouchers and access to AWS Skill Builder and Cloud Coach sessions to prepare participan...
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Bahrain Launches $1B AI and Quantum Drug Discovery Program
Bahrain is investing $1 billion in a partnership with SandboxAQ to use AI and quantum computing for faster drug discovery and development. The initiative aims to create biotech assets, address regional diseases like diabetes, and establish Bahrain as a hub for AI-driven pharmaceutical research. T...
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Sheikh Mohammed Opens Gitex Global 2025, Highlights UAE's Tech Progress
Gitex Global 2025, inaugurated by Sheikh Mohammed bin Rashid Al Maktoum, emphasizes the UAE's commitment to leveraging cutting-edge technologies to build a robust digital economy, with Dubai aiming to contribute AED100 billion annually from digital transformation by 2033. The event has evolved in...
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Quick Read: The Rise of New Industries and Job Opportunities
While AI will displace some jobs, it will also create new industries and job opportunities. The development, implementation, and maintenance of AI systems require a workforce with specialized skills. Emerging…
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Dubai Airshow 2025 to Host Record-Breaking Space Pavilion
The Dubai Airshow 2025 will feature its largest-ever Space Pavilion, organized with the UAE Space Agency, to foster collaboration among international agencies, tech firms, and investors for commercializing space technologies. A key component is the two-day Space Conference, hosting over 50 expert...
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ADX Group Unveils 3 AI Tools to Simplify Investing
The Abu Dhabi Securities Exchange (ADX) has launched three AI tools—AI Financial Insight, AI Court Order Agent, and TAMM for ADX Investors—to simplify investing and enhance market accessibility for millions in the UAE. These tools, developed with TAMM and judicial bodies, streamline services by p...
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Oman Conference Champions Innovation and Digital Transformation
The Digital Content Conference in Muscat successfully established Oman as a pioneering hub for technological advancement, aligning with Oman Vision 2040 and bringing together leaders to explore AI-driven content creation. Experts highlighted AI's role in accelerating creative workflows and boosti...
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Omantel & Publicis Groupe Launch Oman's First AI AdTech Platform
Omantel and Publicis Groupe have launched Oman's first AI-powered AdTech platform, aligning with Oman Vision 2040 to advance the nation's digital economy through a data-driven advertising market. The platform enables real-time campaign execution and measurement for brands, while providing publish...
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Alipay+ Expands to Saudi Arabia, Enabling QR Payments for Merchants
The Saudi Central Bank and Ant International are partnering to introduce cross-border QR payments by 2026, enhancing financial inclusion and supporting Saudi Vision 2030. This integration will allow Saudi merchants to accept payments from over 1.7 billion users across 36 digital wallets, boosting...
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Gainz & Watermelon Ecosystem Revolutionize GCC F&B Financing
Gainz Financial Technologies and Watermelon Ecosystem have formed a strategic alliance to improve funding access for F&B businesses in the GCC by combining fintech innovation with industry expertise. The partnership offers faster, Sharia-compliant crowdfunding and holistic business support, addre...
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$600 Billion Tech Pact at Riyadh Forum Ignites US Saudi AI Future
The recent Saudi-US Investment Forum in Riyadh wasn't just another diplomatic handshake. It was a declaration of a new tech-centric era, underscored by a staggering $600 billion Saudi investment commitment to the United States.
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Microsoft Invests $15 Billion in UAE's AI Sector
Microsoft is investing $15 billion in the UAE from 2023 to 2029 to strengthen its AI and cloud infrastructure, supporting digital expansion, R&D, and workforce development. The investment is allocated in phases, with initial funds for G42, data centers, and operations, followed by further spendin...
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Oman Data Park Expands OCI Services with New Ibri Region
Oman Data Park has expanded its cloud services with a new Oracle Cloud Infrastructure Secondary Dedicated Region in Wilayat Ibri, enhancing Oman's digital transformation and sovereign cloud capabilities. The dual-region setup with Muscat ensures low-latency, high availability, and disaster recove...
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Vertiv, Ezditek Partner to Build AI Data Centers in Saudi Arabia
Vertiv and Ezditek have formed a partnership to accelerate the development of AI-ready data centers in Saudi Arabia, aligning with Saudi Vision 2030's digital transformation goals. The collaboration combines Vertiv's global infrastructure expertise with Ezditek's regional knowledge to deliver sca...
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ByteBridge, Naizak Partner on AI-Driven Data Centers in Saudi Arabia
ByteBridge and Naizak have formed a joint venture to develop hyperscale and AI-driven data centers in the Middle East, aiding international market entry and enhancing regional connectivity. The partnership combines Naizak's local expertise with ByteBridge's global experience to advance AI infrast...
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ADGM Academy & PGIM Launch RealAssetX Abu Dhabi Innovation Hub
The RealAssetX Abu Dhabi Innovation Center, a joint initiative by ADGM Academy and PGIM, has opened to position Abu Dhabi as a regional leader in applying AI and sustainable technology to real estate, infrastructure, and energy. The center will focus on three key areas: Climate Technologies for d...
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Bahrain's Mobile Internet Speed Ranks 5th Globally at 233.22 Mbps
Bahrain ranks as the world's fifth fastest country for mobile internet, with an average download speed of 233.22 Mbps according to Ookla’s 2025 Speedtest Global Index. This achievement reflects the Kingdom's strategic investments in digital infrastructure and next-generation technology, positioni...
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Finder Group AI Debuts 'By AI, For AI' at GITEX 2025
Finder Group Ai has launched at GITEX Global 2025 in Dubai, aiming to reshape AI startup growth by connecting entrepreneurs with investors and partners using its proprietary AI infrastructure. The GCC region is a fertile ground for AI, with startups securing over $1.2 billion in funding last year...
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Saudi Arabia's $708B E-Commerce Boom: AI, Youth & Digital Payments
Saudi Arabia's digital marketplace is projected to reach a $708.7 billion valuation by 2033, driven by high internet and smartphone penetration, AI adoption, and a shift to digital payments, supported by a young, tech-savvy population and Vision 2030 initiatives. Mobile commerce dominates online ...
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Saudi Prince Unveils AI Venture as Tech Titans Gather for Summit
Saudi Arabia launched Humain, a new AI venture backed by its sovereign wealth fund, to boost technological capabilities through advanced infrastructure like data centers. High-profile tech leaders, including Elon Musk and Sam Altman, are attending a Saudi investment forum, with AI as a key focus,...
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Submer Expands Digital Infrastructure Across Middle East, Africa & Turkey
Submer is expanding its digital infrastructure in the Middle East, Africa, and Turkey, establishing a regional hub in Saudi Arabia to serve as a design-build and sustainability partner for AI-ready datacenters. This expansion supports regional transformation agendas like Saudi Arabia's Vision 203...
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How AI is Driving Egypt's Industrial Transformation
Egypt is positioning itself as an industrial innovation hub, with AVEVA Day Egypt on October 1st serving as a platform to explore how unified engineering and AI are advancing its Vision 2030 goals for smarter, sustainable growth. The event will feature industry leaders discussing AI-powered digit...
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