East
China lures US$2.3 billion of Middle East sovereign money in 2023
ABOUT US$2.3 billion of Middle East sovereign wealth fund capital flowed into the greater China market last year, Hong Kong Monetary Authority’s (HKMA) Kenneth Hui said on Monday (Jun...
Nvidia to launch in Middle East amid US curbs on AI exports to region, Ooredoo CEO says
NVIDIA has signed a deal to deploy its artificial intelligence (AI) technology at data centres owned by Qatari telecoms group Ooredoo in five Middle Eastern countries, Ooredoo’s CEO said.The...
Oil settles over 1% higher on mounting tension in Europe, Middle East
OIL settled more than 1 per cent higher on Tuesday due to escalating geopolitical risk in Europe and the Middle East, where wars continue to threaten global supply.Brent crude...
Meituan prepping Middle East foray while exploring Europe, Asia
MEITUAN is preparing for a potential entry into the Middle East in its first expansion beyond the China region, even as it begins to consider the feasibility of other...
US is slowing AI chip exports to Middle East by Nvidia, AMD
US OFFICIALS have slowed the issuing of licenses to chipmakers such as Nvidia and Advanced Micro Devices (AMD) for large-scale artificial intelligence (AI) accelerator shipments to the Middle East,...
HSBC is making a Middle East wealth push after hiring 100 bankers
HSBC Holdings is courting private bankers as it seeks to expand its business of catering to the growing number of millionaires and billionaires moving to the Middle East. The...
Why Chinese PE and VC firms are chasing Middle East money
CHINESE venture capital (VC) and private equity (PE) firms are targeting deep-pocketed Middle Eastern investors, as funding from their traditional backers dwindles amid growing geopolitical tensions and shrinking opportunities...
Mermaid Maritime bags Middle East contract extension worth US$125 million
Mermaid Maritime on Thursday (May 9) said its joint venture (JV) with a local offshore services operator in the Middle East obtained a one-year contract extension from a “reputable...
