UAE

Microsoft plans to spend $7.9B+ on data centers, cloud, and employees in the UAE over the next four years, taking its UAE investment to $15.2B from 2023 to 2029

Bloomberg :

Microsoft plans to spend $7.9B+ on data centers, cloud, and employees in the UAE over the next four years, taking its UAE investment to $15.2B from 2023 to 2029

Microsoft Corp. said it will spend more than $7.9 billion on data centers, cloud-computing and employees in the United Arab Emirates …

Chinese robovan startup Neolix raised $600M led by UAE-based Stone Venture without disclosing its valuation, ahead of a potential Hong Kong IPO as soon as 2026

Wataru Suzuki / Nikkei Asia :

A look at UAE-based Khazna, a real estate company that builds and rents out data centers and controls 70% of the country's operational data center capacity

Divsha Bhat / Rest of World :

There's little evidence that UAE-based Aqua 1 Foundation, the largest investor in Trump's World Liberty Financial after buying tokens worth $100M, exists at all

The strange saga of a shadowy UAE company's $100 million investment in World Liberty Financial, the Trump-aligned crypto trader

Magnitt: VC funding in the Middle East fell 29% YoY to $1.5B in 2024, with Saudi Arabia accounting for $750M, down 44% YoY, while the UAE saw $613M, down 8% YoY

Fahad Abuljadayel / Bloomberg :

Delivery Hero's Talabat, one of the largest food delivery services in the UAE, sets its Dubai IPO price at the top end of its range and plans to raise ~$2B

Delivery Hero's Talabat, one of the largest food delivery services in the UAE, sets its Dubai IPO price at the top end of its range and plans to raise ~$2B

Talabat, one of the largest food ordering businesses in the Middle East, is set to raise about $2 billion from the largest initial public offering …

Lagos-based Moove, which offers car financing to ride-hailing drivers in Africa, the UK, India, and the UAE, raises $76M in equity and debt at a $550M valuation

Will Louch / Financial Times :

Sources: a16z, Tiger Global, IVP, and other VCs are touring Saudi Arabia, the UAE, and Qatar to build ties with sovereign wealth funds during the funding crunch

Liquidity crunch leads investors such as Andreessen Horowitz to sovereign wealth funds in Saudi Arabia, Qatar and UAE