Technology & IT | Sunday 20 July, 2025 3:56 pm

Elon Musk’s xAI in Talks to Expand Data Centre Footprint in Saudi Arabia – Bloomberg

Elon Musk’s artificial intelligence startup, xAI, is in talks with data centre operators in Saudi Arabia and the United Arab Emirates to lease computing capacity, as the billionaire seeks to expand in regions offering lower energy costs and more favourable regulatory environments, Bloomberg...

More Details

Technology & IT | Sunday 20 July, 2025 3:55 pm

Elon Musk’s xAI in talks with Saudi Arabia to lease data center capacity

Elon Musk's xAI is in discussions to lease data center capacity in Saudi Arabia, Bloomberg News reported on Wednesday, citing people familiar with the matter.   The startup is in discussion with two potential partners: Humain, a Saudi-backed AI company offering xAI several gigawatts...

More Details

Business & Money | Sunday 20 July, 2025 12:33 pm

Dubai Chambers launches Dubai Hub London

Dubai Chambers has announced the launch of Dubai Hub London, its first international centre, designed to offer integrated government and private sector services to support international investors and companies seeking to establish operations in Dubai. The new hub aligns with the leadership’s ...

More Details

Business & Money | Sunday 20 July, 2025 12:27 pm

2P renews, increases SAR 330M credit facilities with Riyad Bank

Perfect Presentation for Commercial Services Co. (2P) renewed and increased a Shariah-compliant credit facility to SAR 330 million with Riyad Bank, the company said in a statement to Tadawul. The financing, available until July 30, 2026, is secured by promissory notes that cover the total...

More Details

Business & Money | Sunday 20 July, 2025 12:24 pm

ACWA Power inks $800M desalination deals with Senegal

ACWA Power Co. signed several agreements with Senegal’s government for the Grande Côte desalination plant. In an emailed statement to Argaam, the Saudi utility said this project is the largest desalination imitative in West Africa with total investment of up to $800 million. The project...

More Details

Business & Money | Sunday 20 July, 2025 12:21 pm

Air Arabia consortium wins Dammam budget carrier license

General Authority of Civil Aviation (GACA) named a consortium led by Air Arabia and consisting of Kun Investment Holding and Nesma Co., as the new national low-cost airline based at King Fahd International Airport in Dammam. In a post on X, GACA said the new carrier will operate 24 domestic...

More Details

Business & Money | Sunday 20 July, 2025 12:08 pm

Aramco, BlackRock-led group close to $10B deal for Jafurah project: Report

Saudi Aramco is close to a deal to raise around $10 billion from a group led by BlackRock (BLK.N), established to invest in the infrastructure of Aramco's Jafurah gas project, Reuters reported, citing informed sources. According to the report, the targeted assets in the...

More Details

Business & Money | Sunday 20 July, 2025 12:05 pm

Ports, Customs and Free Zone Corporation Signs MoU with Friends of the Environment Society to Enhance Cooperation in Environmental Protection

The Ports, Customs and Free Zone Corporation (PCFC), represented by the Planning and Development Department – Trakhees, has signed a Memorandum of Understanding (MoU) with the UAE-based Friends of the Environment Society. The agreement aims to strengthen cooperation and coordination in areas ...

More Details

Business & Money | Sunday 20 July, 2025 12:01 pm

RAKEZ delegation to India engages business leaders across three major cities

Ras Al Khaimah Economic Zone (RAKEZ) successfully wrapped up a week-long roadshow across key Indian cities, including Hyderabad, Mumbai, and Pune, further advancing its long-standing collaboration with India. Led by RAKEZ Group CEO Ramy Jallad, the delegation aimed to deepen business ties and...

More Details

Business & Money | Sunday 20 July, 2025 11:59 am

Dubai Customs and Dubai Humanitarian: Joining Forces to Expedite the Flow of Relief Shipments and Facilitate Procedures

Dubai Customs held an expanded coordination meeting with Dubai Humanitarian to unify efforts and develop avenues for field and procedural cooperation. This is part of the leadership's vision to enhance urgent response and facilitate the movement of relief aid to meet the emergency and crisis needs...

More Details