After years of bold ambition and heavy investment, artificial intelligence adoption in both Saudi Arabia and UAE is entering a more performance-driven phase amid reports that AI could contribute $135 billion to the kingdom’s economy and $96 billion to the emirates' economy by 2030, said an expert.
Jadwa Investment, a leading investment management and advisory firm in the Middle East, has announced the launch of its flagship private credit fund, Jadwa GCC Diversified Private Credit Fund, with a target size of up to SAR750 million ($200 million).
Arcapita Group Holdings, a global alternative investment firm, has announced a joint venture partnership with Cloud Capital, a leading global data center investment management firm, to acquire a 21MW data center located in Minneapolis, US, with plans to expand its capacity to 31 MW.
Beyon Connect, a part of the Beyon Group, has announced that CFI Financial, a regional provider of online trading and investment services, has become the first investment platform in Bahrain to go live with eKey for Business, the national biometric digital identity and eKYC platform for the private sector.
Burgan Bank has joined hands with Kamco Invest to host the third edition of their exclusive Investment Conference in Kuwait. This year’s conference brings together decision-makers, economists and industry experts to examine the forces redefining capital allocation and opportunity identification.
