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Mubadala Bio Signs Deal to Distribute Baynounah's AI-Designed Diagnostic KitsMoody's Forecasts 8.2% UAE Growth in 2027, Twice the Average for Big Emerging MarketsBanned Nvidia Chips Reached a Shanghai Data Centre Through a Firm Alice Huang FoundedAnthropic Seeks a Natural Gas Chief for Data Centres That Generate Their Own PowerDubai Has 15,067 Hotel Rooms in Development as Middle East Pipeline Hits a RecordBinghatti's Nine-Month Profit Rises 65% to AED 4.4 Billion, More Than in All of 2025Oman Opens a Hydrogen Auction Built Around Data Centres and Awards Two Duqm ProjectsOil Heads for Second Weekly Loss as Trump Keeps the Iran Blockade in Place

Daily Briefing

Thursday, 12 November 2026

33 stories published on this day, grouped by section.

The day in brief

  • Jensen Huang Resigns as Nvidia CEO, and CFO Colette Kress Is Named Interim Chief: The board accepted the co-founder's resignation late on Wednesday, named Nvidia's first-ever chair and began a search for a permanent CEO five days before quarterly results.
  • Huang's Exit Puts Nvidia's $99 Billion Web of AI Investments in Question: Neocloud shares Nvidia has backed with cash and compute contracts fell harder than the chipmaker on Thursday, while rivals AMD and Broadcom gained.
  • Blackstone Opens Dubai Office to Grow Its Private Wealth Business Across the Gulf: The DIFC office is the alternative asset manager's second in the UAE after Abu Dhabi, and it says it has more than 40 distribution partners in the region.
  • Space42 Lifts Nine-Month Revenue 11% to $404 Million as Government Demand Grows: The Abu Dhabi satellite and geospatial AI company said adjusted EBITDA rose 30% to $194 million, with a $6.2 billion backlog and more than $1.3 billion in cash.
  • Waha Capital's Nine-Month Profit Rises 10% to Dh376 Million on Fund Inflows: The Abu Dhabi investment firm drew more than $400 million of outside money into its funds, lifting third-party assets under management to Dh8.7 billion.

AI

  1. HUMAIN Says Full AI Stack With 3 Trillion-Parameter Model Arrives December 15

    Chief executive Tareq Amin made the pledge at the launch of HUMAIN+, a Riyadh AI training platform with about 1,500 learner places a year that opens in early 2027.

  2. Fireworks AI Breach Exposed Notion AI Chat Transcripts, Second Incident in Two Months

    Attackers entered through the inference provider's cloud host and took billing data and customer datasets, and Notion says about 1% of its own customers were affected.

  3. Ras Al Khaimah Government HR Department Wins SAP Award for Its Use of AI

    The department says 13 AI uses in its SAP SuccessFactors system cut performance-review preparation time by 40% and requests for pay data by 60%.

  4. Abu Dhabi AI Weather Forecasting Course Trains Officials From 15 Countries to Help Farmers

    MBZUAI and the University of Chicago are running the five-day course, part of a Gates-backed effort to get AI forecasts to 100 million smallholder farmers by 2030.

  5. United Airlines Bars Third-Party AI Agents From Booking Flights and Managing Accounts

    The carrier cites leaked credentials, unintended purchases and federal rules that require a human to make safety declarations, and is extending the ban to agencies and aggregators.

Business

  1. Blackstone Opens Dubai Office to Grow Its Private Wealth Business Across the Gulf

    The DIFC office is the alternative asset manager's second in the UAE after Abu Dhabi, and it says it has more than 40 distribution partners in the region.

  2. Dubai Ranks Fifth in New Maritime Resilience Index and 12th Overall in DNV Study

    The 2026 Leading Maritime Cities report also moved Dubai from 15th to sixth for attractiveness and competitiveness after a year of trade disruption across the region.

  3. Vessel Catches Fire After Projectile Strike Off Ras Al Khaimah, Maritime Agencies Say

    The unnamed ship was hit at the stern while leaving the Strait of Hormuz and its crew was evacuated, with no injuries or pollution reported.

  4. Norwest Raises $4 Billion Fund, Its Largest Yet, to Expand Its AI Investing

    The Wells Fargo-backed firm's 18th fund will invest in the US, India and Israel, with physical AI, voice AI and agentic cybersecurity among its priorities.

  5. Abu Dhabi's AI Data Centre Build-Out Needs 2GW of Power at First, Rising to 5GW

    Operators including Khazna say coordination on power, standards and skills is the main gap as the emirate hosts its first Data Center World Middle East next week.

  6. Dubai Chambers and Toronto's Rotman School Launch Agentic AI Course for Family Firms

    The executive programme for family business leaders and their successors combines teaching in Dubai with three days of company visits in Toronto.

  7. Damac's Sajwani Targets 10GW of Data Centre Capacity by End of 2027, Up From 6GW

    The Dubai group's founder said $9 billion of its $20 billion US pledge has been invested and that data centre building costs have risen about 30%.

Companies

  1. Jensen Huang Resigns as Nvidia CEO, and CFO Colette Kress Is Named Interim Chief

    The board accepted the co-founder's resignation late on Wednesday, named Nvidia's first-ever chair and began a search for a permanent CEO five days before quarterly results.

  2. Space42 Lifts Nine-Month Revenue 11% to $404 Million as Government Demand Grows

    The Abu Dhabi satellite and geospatial AI company said adjusted EBITDA rose 30% to $194 million, with a $6.2 billion backlog and more than $1.3 billion in cash.

  3. ADNOC L&S Lifts 2026 Profit Forecast to About $4 Billion as Supertanker Rates Soar

    Third-quarter net profit jumped 321% to $887 million, but the shipping group's finance chief warned that this year's war-driven earnings cannot be repeated in 2027.

  4. Presight's Third-Quarter Profit Rises 31% as Multi-Year Contracts Dominate Revenue

    The Abu Dhabi AI company's revenue grew 14.7% to AED 749.2 million, with energy unit AIQ supplying almost a quarter and the order backlog reaching AED 4.41 billion.

  5. Trump Floats Tim Cook for Nvidia CEO as Kress Sets November 18 Staff Meeting

    The president called Apple's executive chairman the "only one man" who could replace Jensen Huang, while Nvidia's board told staff it will look at internal and external candidates.

  6. DEWA's Nine-Month Profit Rises 11.7% to a Record Dh7.63 Billion

    Dubai's electricity and water utility said revenue grew 3.3% to Dh25.74 billion, while peak power demand, customer accounts and clean-energy output all rose in the third quarter.

  7. SpaceX Plans More Than $74 Billion for AI Supercomputing Campuses in Texas and Arizona

    About $50 billion would go to a Cochise County, Arizona site that still needs county approval and faces local opposition, and more than $24 billion to Starbase.

  8. Cumulocity and Siemens Energy Sign Deal on Industrial AI for Middle East Oil and Gas

    The memorandum signed at ADIPEC pairs Cumulocity's industrial IoT platform with Siemens Energy's equipment and engineering, starting with national oil companies and petrochemical producers.

  9. Amlak Finance Reports Dh104 Million Net Profit as Wakala Deposit Income Rises

    The Dubai Islamic financier has had no funding costs since settling its old obligations in July 2025, and it has paid Dh735 million in cash dividends this year.

Markets

  1. Huang's Exit Puts Nvidia's $99 Billion Web of AI Investments in Question

    Neocloud shares Nvidia has backed with cash and compute contracts fell harder than the chipmaker on Thursday, while rivals AMD and Broadcom gained.

  2. Waha Capital's Nine-Month Profit Rises 10% to Dh376 Million on Fund Inflows

    The Abu Dhabi investment firm drew more than $400 million of outside money into its funds, lifting third-party assets under management to Dh8.7 billion.

  3. Oil Rises as Trump Says the US No Longer Needs a Deal With Iran

    The president took Vice President JD Vance off Iran diplomacy as attacks on ships around the Strait of Hormuz continue and Brent trades around $93 a barrel.

  4. Anthropic's IPO Will Follow SpaceX's Playbook of Fast Index Entry and Forced Buying

    Index funds could take about $19 billion of the stock within 15 days of listing, but employee selling on day one could make Anthropic trade differently from SpaceX.

Policy

  1. Warren and Coons Ask Trump Officials to Preserve Nvidia China Export Records

    The Democratic senators want written confirmation by November 17 and a briefing on whether counter-intelligence warnings about Nvidia and Megaspeed were overruled.

  2. Georgia Residents Sue OpenAI and Local Officials Under Racketeering Law Over Data Centre

    Three Effingham County residents allege that nondisclosure agreements and a zoning change approved without public hearings pushed through the 3.2-gigawatt Project Camellia campus.

  3. Oakland Union Wins AI Job Protections as US Public Workers Bargain Over Automation

    A tentative three-year deal requires the California city to retrain or reassign staff displaced by AI, as more public-sector unions write AI limits into their contracts.

  4. Singapore Says It Barred Alice Huang in February After She Misled Police Over Megaspeed

    The home affairs ministry said it found too little evidence to charge the former Megaspeed chief, did not investigate her for espionage, and got limited help from US agencies.

  5. Trump Threatens to Double Tariffs on Mexico Unless It Stops Migrant Caravans

    The president did not say which duties would rise or when, and the Supreme Court's February ruling against his emergency tariffs leaves his legal route unclear.

  6. UAE Ranks Fifth in UNIDO's Quality Infrastructure Index Among Mid-Sized Economies

    The ranking covers economies with GDP between $100 billion and $1 trillion, and the industry ministry says 92% of the UAE's 29,000 standards follow international norms.

Products

  1. Google and Samsung's Gemini Glasses Go on Preorder From $395, Shipping December 10

    The first Android XR glasses are sold under the Warby Parker and Gentle Monster brands and have a camera and speakers but no display. They launch in the US and South Korea.

  2. Etisalat UAE Launches Agentic AI Advertising Platform for Small Businesses With Pixis

    AI Marketing Hub plans, creates and runs ad campaigns on Google, Meta and TikTok for firms without marketing teams, and will be sold in subscription tiers.

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