UAE

Dubai's Fuel Delivery Startup Cafu Considers Its First Stake Sale

27 days ago

In a significant move for the burgeoning fuel delivery market in the UAE, Cafu, a Dubai-based startup known for its innovative on-demand fuel delivery service, is reportedly exploring the sale of its first stake. This development indicates a growing interest in alternative transportation solutions amid rising competition and demand for convenience in fuel services.

UAE Makes Strides in Accessing AI Chips Following Historic $1.4 Trillion Investment

1 month ago

The United Arab Emirates (UAE) has announced significant advancements in its pursuit of cutting-edge artificial intelligence (AI) chip technology, propelled by a monumental pledge of $1.4 trillion. This strategic commitment aims to bolster the nation's technological infrastructure and secure its position in the global AI arena.

Cerebras Secures U.S. Approval for UAE Collaboration Ahead of IPO

2 months ago

Cerebras Systems Inc., the innovative chipmaker known for its advancements in artificial intelligence hardware, announced that it has received crucial approval from the U.S. government to establish ties with the United Arab Emirates (UAE). This development comes just as the company gears up for a highly anticipated initial public offering (IPO), heightening its profile on the global tech stage.

Trump to Engage Top UAE Officials in Critical Talks on Semiconductor Investments

2 months ago

In an unprecedented move to bolster semiconductor capabilities, former President Donald Trump is set to host high-ranking officials from the United Arab Emirates (UAE). This pivotal meeting aims to foster collaboration in the rapidly evolving chip sector, which has become a focal point for national security and technological supremacy in recent years.

UAE Official Urges U.S. for Expanded Access to NVIDIA AI Chips

2 months ago

In a significant move towards bolstering its artificial intelligence capabilities, a senior official from the United Arab Emirates (UAE) government is set to engage U.S. authorities to discuss enhancing the UAE's access to NVIDIA's cutting-edge AI semiconductor technology. This meeting comes at a pivotal time when global demand for AI chips is surging, driven by advancements in machine learning and data processing.

Emirates NBD Takes the Lead in Crypto Trading with New Digital Arm in Dubai

2 months ago

Dubai's Emirates NBD has announced the launch of a new initiative that will allow customers to trade cryptocurrencies directly through its digital banking platform. This bold move positions the bank as a trailblazer in the region's rapidly evolving financial landscape, where digital currencies have gained significant traction among investors and traditional financial institutions alike.

UAE's Alpha Data Poised for Major IPO Amid AI Surge

3 months ago

The United Arab Emirates (UAE) is witnessing a significant financial event as Alpha Data, a firm specializing in artificial intelligence and technology solutions, prepares to launch its initial public offering (IPO). The company is set to price its offering at the higher end of its expected range, reflecting the increasing demand and positive market sentiment surrounding the burgeoning AI sector.

UAE’s ADNOC Drilling Seeks $1 Billion to Fuel Expansion Plans

3 months ago

In a strategic move aimed at bolstering its growth ambitions, ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has announced its intention to secure $1 billion in financing. This initiative is part of an expansive growth strategy designed to enhance its operational capacity and support the oil and gas industry's rising demand.

UAE IT Services Firm Alpha Data Prepares for Abu Dhabi IPO

3 months ago

In a significant move for the technology sector in the UAE, Alpha Data, a prominent provider of IT services, has announced its plans to launch an initial public offering (IPO) on the Abu Dhabi stock exchange. This step is poised to not only bolster the company's growth but also serve as a milestone for the region's tech landscape.

The UAE's Innovative Cloud Seeding Technologies Set to Enhance Rainfall

4 months ago

The United Arab Emirates (UAE) is actively engaged in pioneering efforts to combat its arid climate by testing advanced technologies aimed at increasing rainfall through a process known as cloud seeding. This initiative reflects the UAE’s commitment to harnessing scientific advancements to help address water scarcity, a critical issue in the region.