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Saudi-Backed EV Maker Lucid Secures Fresh Funding and Leadership Reset

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Electric vehicle manufacturer Lucid Motors has secured fresh funding from Saudi Arabia’s Public Investment Fund (PIF) and strategic investors, alongside appointing a new CEO in a major leadership shake-up announced today. The move is part of Saudi Arabia’s broader push to accelerate its EV ecosystem and reduce reliance on oil revenues. The PIF, which already […]

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Gulf Economies Set for Strong Rebound Despite Geopolitical Shock, IMF Says

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Gulf economies are expected to stage a strong recovery despite recent geopolitical disruptions, according to the International Monetary Fund’s latest regional outlook released today. The IMF projects regional growth to rebound to 4.8% by 2027, after slowing sharply to 1.1% this year due to conflict-related disruptions impacting trade, energy flows, and investor sentiment. The slowdown

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Dubai-Based Startup Raises $120 Million to Expand AI Logistics Platform

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A Dubai-based logistics startup has raised $120 million in a Series C funding round, highlighting growing investor interest in AI-driven supply chain solutions. The company specializes in using artificial intelligence to optimize delivery routes, reduce costs, and improve efficiency for e-commerce and retail businesses. The funding round was led by international venture capital firms, with

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Egypt Secures $3 Billion IMF-Linked Investment to Stabilize Economy

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Egypt has secured $3 billion in new investment linked to its IMF reform program, providing a significant boost to its struggling economy. The funding includes a mix of direct investments and financial support tied to structural reforms, including currency stabilization and subsidy reductions. The Egyptian pound has faced pressure in recent months, prompting urgent economic

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Qatar Launches Fintech Sandbox to Attract Global Startups

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Qatar has introduced a new fintech regulatory sandbox aimed at attracting international startups and accelerating financial innovation within the region. The initiative, launched by the Qatar Financial Centre, allows fintech firms to test products in a controlled regulatory environment before full-scale market entry. Officials stated that the sandbox will focus on areas such as digital

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Saudi Arabia Attracts Record $15 Billion in Foreign Investment for NEOM Expansion

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Saudi Arabia has secured $15 billion in new foreign direct investment (FDI) for its ambitious NEOM megacity project, marking one of the largest single-day investment inflows into the Kingdom. The funding comes from a mix of global infrastructure funds, sovereign investors, and multinational corporations. NEOM, a centerpiece of Saudi Arabia’s Vision 2030 strategy, aims to

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UAE Launches $2 Billion AI Infrastructure Fund to Accelerate Tech Dominance

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The United Arab Emirates has unveiled a $2 billion AI infrastructure fund aimed at strengthening its position as a global technology hub. The initiative, announced in Abu Dhabi today, will focus on building advanced data centers, cloud computing capabilities, and AI research facilities. The fund is backed by sovereign wealth entities and private investors, signaling

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Middle East Startup Funding Rebounds Led by AI and Fintech

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Startup funding in the Middle East is rebounding strongly, led by growth in artificial intelligence and fintech sectors. Venture capital investments are increasing as global investors show renewed confidence in the region’s innovation ecosystem. Countries like the UAE and Saudi Arabia are driving the trend with supportive policies, startup accelerators, and access to international markets.

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UAE Banks Report Strong Q1 Profits Despite Regional Uncertainty

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Banks in the UAE have reported strong first-quarter profits for 2026, supported by increased lending and stable economic activity. Despite regional geopolitical uncertainty, the banking sector has shown resilience, with higher interest margins and strong consumer demand driving performance. Analysts believe UAE banks are well-positioned to sustain growth due to solid capital reserves and supportive

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Saudi Arabia Accelerates AI and Smart City Investments

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Saudi Arabia is accelerating investments in artificial intelligence and smart city development as part of its Vision 2030 strategy. The government is focusing on building advanced digital infrastructure, innovation hubs, and AI-powered urban systems. Major projects such as NEOM are receiving increased funding to integrate cutting-edge technologies, including automation, robotics, and data analytics. Experts say

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