
LG Powers AI Data Center Cooling in Saudi’s NEOM Project
LG Electronics is expanding its global South strategy with a partnership to provide advanced cooling solutions for a new AI data center in Oxagon, NEOM’s industrial

Qatar’s Sovereign Fund Backs AI Startup Anthropic
The Qatar Investment Authority (QIA) has joined a $13 billion funding round for Anthropic, the U.S.-based AI company behind the Claude assistant. Although funding amounts

Crypto Industry Lost $22.7 Billion to Scams & Hacks Since 2011
A new report from Crystal Intelligence reveals that the crypto sector has suffered losses totaling $22.7 billion through scams and cybersecurity breaches since 2011. Ethereum remains the

Middle Eastern Nations Quietly Accumulate Bitcoin
While official confirmations remain scarce, analysts report that several Middle Eastern countries are quietly increasing their Bitcoin reserves in multi-billion-dollar moves. These behind-the-scenes acquisitions suggest

Bahrain Seeks to Attract Crypto & Asset Management Firms
Bahrain is proactively courting over 50 financial services companies, nearly half of which specialize in crypto and investment management. Leveraging its zero-tax environment and full

Gulf Markets Gain Ground on Fed Rate-Cut Expectations
Investor optimism surrounding a potential U.S. Federal Reserve rate cut continues to buoy Gulf equity markets. Markets across the region saw modest gains: Saudi Arabia’s

UAE Fuel Prices Adjusted for September
New fuel rates in the UAE are taking effect this month: petrol prices have risen modestly by 1 fils, while diesel costs decreased by 12 fils per

GCC Economic Outlook: Growth Surpasses Global Average
GCC Secretary-General Jasem Albudaiwi revealed that Gulf economies are currently outperforming global norms. The labour market has expanded significantly, with the workforce growing from 27.9 million

UAE Gold Reserves Surge Amid Market Uncertainty
The Central Bank of the UAE boosted its gold reserves by nearly 26% in the first five months of 2025, increasing the total to $7.9 billion—up from $6.255