Region
AI and business stories from Middle East.
In Abu Dhabi, the UBS Global Wealth Management chief economist said falling oil could tame inflation by mid-2027 and that a Democratic Senate could reshape the Federal Reserve.
By Nakoda News Desk··3 min read
Employers will pay 9% of each foreign worker's basic monthly salary into individual accounts at the Social Protection Fund, a change that will hit payrolls and balance-sheet liabilities.
By Nakoda News Desk··1 min read
Treasury says a Chandigarh couple posed as registries for Guyana, Eswatini and Laos, and also targeted a Turkish ground handler serving sanctioned Iranian airlines.
By Nakoda News Desk··2 min read
Weak earnings, a stronger won and slow export orders have hit Hanwha Aerospace and Hyundai Rotem, while analysts question how well tank and artillery makers fit drone-era warfare.
By Nakoda News Desk··2 min read
Tencent will supply computing, storage and networking while OmniOps, founded in 2024, contributes its inference engine and local deployment for enterprise AI in the Kingdom.
By Nakoda News Desk··2 min read
The energy business, part of The Kanoo Group, says sales have passed $700 million as it adds exports to North Africa and Iraq and opens offices in Uzbekistan.
By Nakoda News Desk··1 min read
The Abu Dhabi firm's diversified strategy, which offers limited quarterly redemptions, will be sold to qualified investors through iCapital's marketplace as both firms push into Middle East private wealth.
By Nakoda News Desk··2 min read
The Oaktree-backed operator, which runs a hyperscale campus on Abu Dhabi's Yas Island, says it has now raised more than $6.2 billion in 12 months.
By Nakoda News Desk··2 min read
Abu Dhabi Islamic Bank says it is the first UAE lender to send Egyptian pounds to bank accounts in Egypt at any hour over Visa's network.
By Nakoda News Desk··1 min read
Acting chief executive Adnan Bu Fateem says growth will come from Malaysia, Indonesia, Egypt and the Commonwealth LNG project in the US, where construction has started.
By Nakoda News Desk··2 min read
The IRGC says one tanker hit a mine on a route it had not authorised, and it blamed Washington for steering ships through mined waters.
By Nakoda News Desk··2 min read
The Saudi Fund for Development will lend to Syria on concessional terms for health, housing, civil defence, water and the Aleppo thermal power plant.
By Nakoda News Desk··2 min read
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The three-year-old Tel Aviv start-up secures the keys, tokens and credentials used by AI agents and other software, and would be Palo Alto's fifth announced deal this year.
By Nakoda News Desk··1 min read
The amount was not disclosed, and the deal includes a long-term agreement for the AI data infrastructure company to run its Gulf and wider MENA business from Abu Dhabi, starting with energy, utilities and critical infrastructure.
By Nakoda News Desk··2 min read
Brent lost $7.50 a barrel on Wednesday as investors bet a Democratic Congress could change Washington's approach to the region, while Bloomberg reported the UAE is studying a third export pipeline that would avoid the Strait of Hormuz.
By Nakoda News Desk··3 min read
The in-country deployment, first announced as a plan in January, keeps security workloads and customer telemetry inside the kingdom and is aimed at government bodies and critical infrastructure operators.
By Nakoda News Desk··2 min read
The head of the Abu Dhabi-listed producer told an Arab steel summit in Cairo that UAE construction and infrastructure work is holding up demand, even though Middle East crude steel output fell 9.2 per cent in the first nine months of the year.
By Nakoda News Desk··2 min read
The PIF-backed AI company did not disclose terms for CNTXT, an Aramco-linked Riyadh firm that resells Google Cloud in the kingdom, and says the deal will help it carry its models and compute into customers' operations.
By Nakoda News Desk··2 min read
Executives from Siemens, SLB, DP World, AIQ, Inception42 and Bechtel said governance, trust and community support will decide how far AI spreads through the energy industry.
By Nakoda News Desk··3 min read
World Gold Council data show Middle East jewellery demand fell 22 per cent in the third quarter to 26.2 tonnes, as average gold prices rose 23 per cent to $4,262 an ounce.
By Nakoda News Desk··2 min read
First Abu Dhabi Bank is one of the new lenders backing the data centre developer as it raises money for land and power in Europe and the Middle East.
By Nakoda News Desk··1 min read
The first £2.5 billion phase would bring up to 100 megawatts online in early 2028 at the North Yorkshire power station, but it still needs planning approval and a tenant.
By Nakoda News Desk··2 min read
The card will be offered through Jordan Post's more than 400 branches and is aimed at underserved communities, small businesses and expatriates who use few digital payments.
By Nakoda News Desk··1 min read
The rack-scale system pairs Supermicro servers carrying eight Nvidia Blackwell Ultra GPUs per node with Nutanix's agentic AI software, and Nutanix is pitching it to Middle East and African firms that want to control their inference costs.
By Nakoda News Desk··2 min read
Cloudflare's third-quarter disruption report counted 49 outages worldwide, and power failures in several African countries and a 10-day shutdown in Ethiopia's Tigray region add to the Middle East and Africa's connectivity risks.
By Nakoda News Desk··2 min read
Business banking on the new platform is due to launch in 2027 and retail services will follow, as Libya's central bank pushes for wider use of electronic payments.
By Nakoda News Desk··1 min read
The five-year secured bond pays a 10.375 per cent coupon and was increased from $400 million after orders came in at 1.7 times the amount on offer.
By Nakoda News Desk··1 min read
Brent fell below $103 a barrel in early Wednesday trade after the AP reported Democrats had taken the Senate, while attacks on shipping near the Strait of Hormuz continued.
By Nakoda News Desk··2 min read
The oil giant will move AI, compute and digital assets into HUMAIN and put in about SAR 9.9 billion ($2.6 billion) in cash this year, while the Public Investment Fund keeps 51 per cent.
By Nakoda News Desk··2 min read
The IHC-controlled investor's strategy chief also said its new $1 billion commitment to an Alpha Wave fund holding OpenAI, Anthropic and SpaceX is a long-term bet on AI.
By Nakoda News Desk··2 min read
The chief executive of the UAE-based medical evacuation and security provider said at ADIPEC that its teams have flown about 1,000 hours in three to four months as conflict raises demand from energy companies and others.
By Nakoda News Desk··2 min read
The Chinese carmaker says the GX has more than 4,000 regional orders, 800 of them in the UAE, and that it is bringing its humanoid robot and flying cars to the Gulf.
By Nakoda News Desk··3 min read
The campaign asks users to stop and check before clicking, sharing or sending, while Meta says its AI detection systems are catching about 5,000 scam attempts a day that its review teams had previously missed.
By Nakoda News Desk··2 min read
The Amman-based lender's assets grew 5% to $81 billion, and management pointed to an 11% rise in non-interest income and wider use of AI across its operations.
By Nakoda News Desk··1 min read
Qatari mediators flew to Tehran overnight to discuss a draft deal negotiated over eight days, but a senior Iranian official told Reuters the two sides remain far apart on Hormuz, sanctions and the US naval blockade.
By Nakoda News Desk··3 min read
The free online Arabic programme runs in four November cohorts and covers AI, blockchain, the platform and gig economies, AI governance and the creative economy.
By Nakoda News Desk··1 min read
Non-oil revenue rose 20% in the quarter, but financing costs and subsidies climbed sharply, taking the nine-month shortfall to SR244.3 billion against a full-year estimate of SR165.4 billion.
By Nakoda News Desk··2 min read
Executives told The National they have stockpiled supplies, rerouted cargo and cut staff to keep operating, but say paying for backup options is getting expensive.
By Nakoda News Desk··3 min read
Brent fell back to about $101 a barrel after trading above $107 earlier in the session, extending Monday's slide of more than 7% as traders weighed signs the Iran war could wind down.
By Nakoda News Desk··2 min read
The PIF-owned AI company is taking on CNTXT's staff, products and enterprise clients to cover implementation and managed services, but neither side has disclosed deal terms.
By Nakoda News Desk··2 min read
Under the new rules, customers can open accounts and verify their identity at third-party outlets in areas without bank branches, and banks stay responsible for their agents' work.
By Nakoda News Desk··1 min read
Dell partner Total Technical Triangle Company will supply Nvidia GPU-equipped systems over 12 months, and GO plans to sell the computing capacity to public- and private-sector customers.
By Nakoda News Desk··1 min read
The Central Bank of Bahrain has granted in-principle approval, but the partners have not named products, a launch date or an investment amount.
By Nakoda News Desk··2 min read
Kamco Invest data show regional indices rising for the month while staying down for the year, and Gulf issuance falling a third from September as sukuk sales dropped sharply.
By Nakoda News Desk··2 min read
IMO Secretary General Arsenio Domínguez says the waterway is still unsafe, as the agency counts 125 confirmed incidents and 24 seafarers killed in the Gulf since the conflict began.
By Nakoda News Desk··2 min read
Re-exports of vehicles, electronics and machinery fell by a third, official figures show, putting pressure on Dubai's role as a distribution hub for the Iraqi market.
By Nakoda News Desk··1 min read
Higher crude prices lifted Saudi Aramco's quarterly net profit 35% to $36.3 billion, while the company kept its full-year spending guidance, which includes its investment in the national AI company Humain.
By Nakoda News Desk··2 min read
Trade minister Thani Al Zeyoudi gave the figures at the COMCEC meeting in Istanbul and urged member states to use AI to modernise customs, logistics and trade finance.
By Nakoda News Desk··2 min read
The industrial software company's regional vice president told WAM at ADIPEC 2026 that predictive maintenance is its main AI application and that data quality decides whether projects succeed.
By Nakoda News Desk··1 min read
US officials called the strikes defensive and part of a series of limited, unannounced actions, which came hours after President Trump said a deal with Tehran could happen.
By Nakoda News Desk··2 min read