Defence solutions and products developed by the UAE's EDGE group now reach more than 100 countries worldwide, reflecting growing international confidence in the country's defence industries, said Hamad Al Marar, Managing Director and CEO of EDGE.
Global industry leaders, senior policymakers and investors will be in Riyadh to discuss ways to strengthen waste and water systems, advance circular economy models and support long-term environmental resilience at the IFAT Saudi Arabia Summit which kicks off this month.
Worldwide spending on artificial intelligence (AI) is forecast to hit $2.52 trillion in 2026, up 44% over last year, said a report. The AI infrastructure is driving this boom; adding a whopping $401 billion in expenditure as technology providers continue to build out AI foundations.
Gulf investors are playing an increasing central role in sustaining AI and private market deal flow, not as speculative entrants, but as strategic financiers of foundational technology infrastructure, a Standard Chartered report said.
