The company will expand its capabilities across key business verticals in the region, including esports operations, creative studios, game publishing, and events
Technology
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Bitcoin
Phoenix Group expands global footprint with 80MW Ethiopian PPA
Abu Dhabi group plans to announce more sites in the African nation, apart from making an entry into South America later this year
Artificial intelligence
Trump announces $500 billion investment in AI project ‘Stargate’
Abu Dhabi’s MGX is a lead partner in the project that includes initial equity funders SoftBank, OpenAI and Oracle
Abu Dhabi
Abu Dhabi to make a $3.54bn push towards AI-powered government
Plans to achieve 100% adoption of sovereign cloud computing and digitising and automating 100% of processes over next three years
eSIM
MENA eSim market grows 20% driven by surging travel, IoT adoption, 5G network rollout
eSIM technology is projected to power 33% of all smartphone connections in the MENA region this year, which is projected to jump to 68% by 2030
Cryptocurrency
Bitget LaunchX to support Jambo’s $5mn fundraising for first ever crypto space programme
The satellite programme is the next phase to vertically integrate borderless data access to JamboPhone users around the world
Blockchain
Dizzaract Games launches as Middle East’s largest game development studio
The company also pioneering AI integration in gaming
Donald Trump
TikTok gets a fresh lease of life after Trump intervention
President-elect says he is likely to give the Chinese parent company a 90-day extension to find new owners
cyber attack
UAE thwarts 200,000 daily cyberattacks
UAE Cyber Security Council successfully blocks tens of thousands of attempted cyberattacks
AI
KKR invests $5bn in Dubai’s Gulf Data Hub
Gulf Data Hub and KKR announce $5bn investment in Dubai-founded firm
5G
Qatar’s PIH completes acquisition of Kazakhstan’s MTS telecom
MTS, known for its prominent brands Altel and Tele2, is Kazakhstan’s leading provider of ultrafast 5G connectivity
Elon Musk
Musk remains upbeat despite SpaceX losing new Starship in space
Starship broke up 8 minutes after launch, moments after its Super Heavy Booster was successfully caught by mechanical arms on ground
crypto crime
Crypto criminals pocket almost $51bn in 2024
There has been a steady diversification in crypto crimes away from bitcoin in 2024, with stablecoins now occupying the majority of all illicit transaction volume
Abu Dhabi
ADNOC Gas deploys groundbreaking new technology at its Habshan site
In partnership with Baker Hughes, the new Levidian-patented LOOP unit will capture methane and turn it into graphene and hydrogen
MBRSC
UAE satellite MBZ-SAT beams back first signal to Earth
MBZ-SAT was entirely developed by Emirati engineers at the Mohammed Bin Rashid Space Centre in the UAE
digital payment service
Saudi Arabia to launch Google Pay in 2025
Google Pay will be launched in Saudi Arabia this year
communication
UAE’s Space42 deploys second SAR satellite with ICEYE collaboration
The second phase of the constellation will continue to boost Space42’s geospatial insights and capabilities with increased speed and precision