Latest news with #UAE-US
Dubai Eye
6 days ago
- Business
- Dubai Eye
ENEC–Westinghouse pact to advance nuclear energy deployment in US
The Emirates Nuclear Energy Company (ENEC) and Westinghouse Electric have signed an agreement focused on deploying advanced nuclear energy solutions in the United States. The Memorandum of Understanding, signed in Washington DC, aims to support America's goal of quadrupling its nuclear power capacity by 2050—driven by growing energy demands from sectors like artificial intelligence and technology. ENEC brings experience from its work on the Barakah Nuclear Energy Plant in the UAE, while Westinghouse offers cutting-edge nuclear technology, including its fully licensed AP1000 reactor. Both companies will also explore opportunities in new builds, reactor restarts, fuel supply chains and operational services. ENEC CEO Mohamed Al Hammadi said the agreement reinforces the UAE's commitment to global energy security, while Westinghouse's interim CEO Dan Sumner emphasized the AP1000's role in meeting the US target of ten large reactors under construction by 2030. The deal marks a deepening of the UAE-US energy partnership and a shared push for clean, reliable and scalable nuclear power.
The National
24-07-2025
- Business
- The National
Mubadala hosts business leaders on sidelines of DC Open in Washington
Abu Dhabi's strategic investment firm Mubadala has co-hosted a business convening with the Milken Institute and Citi on the sidelines of the Mubadala Citi DC Open in Washington. Speakers at the event were Mubadala deputy group chief executive Homaid Al Shimmari, US Commerce Secretary Howard Lutnick, G42 group chief global affairs officer Talal Al Kaissi, MGX chief strategy and safety officer David Scott, Milken Institute chairman Michael Milken, Washington Mayor Muriel Bowser, US tennis star Frances Tiafoe and others. Among the topics discussed during the Tuesday event included investment and policy priorities to advance economic growth. Key themes during the session included sport's role in Abu Dhabi's evolution as a global city, Mubadala's commitment to adding value and how sport is driving Washington's changing economy. Other themes included US facilitating foreign investment in the UAE, Mubadala's role as a key player in the Emirates' economic partnership with the US and the two countries' relationship in AI and artificial intelligence. The US and UAE have strengthened their relationship in the new technology in recent months, including the UAE's commitment to a $1.4 trillion investment framework in the US related to AI infrastructure, semiconductors, energy and manufacturing. In May, UAE President Sheikh Mohamed and Mr Trump witnessed the unveiling of plans for a new 5GW UAE-US AI Campus in Abu Dhabi during the president's visit to the country. Mubadala became a co-sponsor of the annual tennis tournament in 2023. The tournament is a 500-level event on the ATP and WTA tours, featuring a field of 48 players in the men's singles event and 28 players in the women's singles event.
The National
24-07-2025
- Business
- The National
UAE and US working to 'get chips moving' after AI deal
After this week's debut of the White House's Artificial Intelligence Action Plan, the UAE is ready to expedite its AI partnership with the US. This follows President Donald Trump's visit to Abu Dhabi in May, when he announced the US-UAE AI Acceleration Partnership, which included plans for a 5GW UAE-US AI Campus. Those plans allow for the UAE to obtain powerful CPUs and GPUs from the US which are necessary to build up AI infrastructure. Once completed, part of the campus, dubbed Stargate UAE, will be among the largest AI data centres in the world. Security guarantees to protect the UAE AI technology from falling into the wrong hands were are major aspect of the deal. Also bolstering the deal, Mr Trump's much-anticipated AI plan, unveiled on Wednesday, seeks to reduce regulatory barriers in place to build up AI infrastructure in the US, while pushing for increasing the prevalence of US AI technology around the world. That bodes well for the UAE, and other countries with similar AI aspirations. It's also a sharp contrast to the former president Joe Biden's policies. His administration sought tighter export controls on US chips to prevent them from being used in China. 'The UAE welcomes President Trump's AI Action Plan and is ready to fast track our strategic AI partnership with the US,' Yousef Al Otaiba, UAE Minister of State and ambassador to the US, said on Wednesday. 'As a trusted partner, we are working closely with leading US companies to adopt and scale American technology in the UAE and beyond.' Some pundits aren't sold however, and they're trying to exert influence to slow the US-UAE AI Acceleration Partnership. In an opinion article in The Washington Post, Christopher Chivvis and Sam Winter-Levy from the Carnegie Endowment, a US-based think tank, expressed concern about China somehow getting access to the US AI technology, among other things. 'To now approve the offshoring of the data centres that will house so many of the resulting chips to another conflict-prone region would be a major unforced error – one that will prove difficult to reverse,' they wrote. The UAE has addressed this by committing to a $1.4 trillion investment framework for AI infrastructure in the US. Regardless, the Wall Street Journal also reported that some in the White House have sought to take a closer look at the recently announced UAE deal, amid concerns about US technology diffusion. But last week, the White House cryptocurrency and artificial intelligence adviser beat back those concerns, and reaffirmed the US partnership with the UAE. 'These are countries that are long-standing partners and allies of the US going back many years,' White House AI chief David Sacks said during a round-table discussion at the Pennsylvania Energy and AI Summit, referring to the UAE. Mr Sacks added that the Trump administration thought that if US technology wasn't used in AI projects around the world, China-owned Huawei would step in to fill the vacuum. 'We don't want to create demand for Huawei,' he explained, also describing some of the chip smuggling scenarios that have become prevalent in media reports as quixotic. He said the newest standard data centres technology hardware is approximately 2.4m tall, with servers weighing 1,600kg, and that it's 'very easy to see' if they're being transported. 'I know that our Gulf State partners would honour our security agreement,' he said just hours before President Trump appeared at the event in Pennsylvania. 'This is ultimately a trust-but-verify situation, and all we have to do is send an inspector to a data centre and they can count the racks,' Mr Sacks explained, reiterating that he felt the scenarios of AI hardware smuggling were 'blown wildly out of proportion.' Meanwhile, there's no indication from the White House or Department of Commerce, which is ultimately responsible for allowing the export of US technology, that criticism of the UAE deal is gaining traction. In a statement to The National, the UAE ambassador expressed continued optimism about the AI plans with the US announced back in May. 'Signed just 60 days ago in Abu Dhabi, the UAE-US investment and Ai partnership will deliver enormous benefits to both countries,' Mr Al Otaiba said. 'High level teams have been actively engaging to advance the agreement, to get chips moving and to accelerate technology co-operation.'
Mid East Info
02-07-2025
- Business
- Mid East Info
G42, First UAE Firm Recognized Among TIME's 100 Most Influential Companies - Middle East Business News and Information
Abu Dhabi, UAE – July, 2025: G42 has been named to TIME's 2025 list of the 100 Most Influential Companies, marking the first time a UAE-headquartered company has been featured. The recognition highlights G42's growing global impact in advancing AI responsibly and at scale. From the company's pivotal role in the launch of Stargate UAE and the 5GW UAE-US AI Campus to its expansion into Europe and the UK , G42 is building the 'Intelligence Grid,' its vision of AI as a universal utility that is secure, scalable, and accessible. 'We are thrilled to be featured by TIME. This recognition affirms our mission to bring AI to everyone, not just a privileged few,' said Faheem Ahamed, Group Chief Marketing and Communications Officer at G42. 'It validates the role we're playing in shaping a more inclusive and connected AI future.' With a portfolio spanning Space42 , Core42 , Khazna , M42 , Presight , CPX , and Inception , G42 operates across the full AI value chain, driving transformation across healthcare, energy, finance, mobility, and space.
Al Etihad
02-07-2025
- Business
- Al Etihad
Abu Dhabi, Dubai among top emerging data centre markets
2 July 2025 17:51 REDDY (ABU DHABI)Abu Dhabi and Dubai are among the top two emerging data centre markets globally, according to Cushman & Wakefield's newly released '2025 Global Data Center Market Comparison' report. The UAE's two largest cities are also the highest-ranked emerging markets in the Europe, Middle East, and Africa (EMEA) region. The global study evaluated 97 data centre markets, classifying them as either established or emerging across four regions: Americas, EMEA, and Asia Pacific (APAC). The rankings were based on 20 criteria including power availability, fibre connectivity, development pipeline, land pricing and policy to the report, Abu Dhabi ranked fourth and Dubai sixth globally among all emerging data centre markets. Austin/San Antonio led the global emerging market rankings, followed by Iowa, Pennsylvania, Abu Dhabi, Reno, and Dubai. Other notable markets included Berlin, Helsinki, and Virginia retained its position as the top established data centre market with 5.9 GW of operational capacity, followed by other established hubs such as Phoenix, Dallas, Atlanta, Oregon, Columbus, Beijing, Salt Lake City, Chicago, and Shanghai.'There's a clear link between long-term infrastructure planning and current market performance,' said Edward Macura, Country Head at Cushman & Wakefield Core.'Abu Dhabi and Dubai have created the conditions for scale, and global operators are responding. Access to power, land, and fast-track approvals are converging with demand from AI and cloud platforms – this combination is driving investment decisions.'The UAE currently has more than 250 MW of live data centre capacity, with an additional 500 MW under active development. Among the flagship projects is 5GW UAE-US AI Campus spanning over 10 square miles in Abu Dhabi. The Stargate AI project, backed by OpenAI, Oracle, and Nvidia, was recently unveiled with a planned 1GW capacity as part of the grand plan. Khazna Data Centres remains the dominant operator in the country, accounting for more than 59% of the market share, while cloud expansions by global giants such as AWS, Alibaba, and Equinix continue across both emirates. Notably, Emirates Group is shifting operations to a solar-powered data centre at the Mohammed bin Rashid Solar Park in line with sustainability UAE's data centre market, valued at $1.26 billion in 2024, is projected to grow to $3.33 billion by 2030. This growth is being driven by large-scale capital deployment from both domestic and international investors. ADQ and Energy Capital Partners are investing $25 billion into power infrastructure to support data centre development. In a separate initiative, MGX, Microsoft, and BlackRock are jointly backing a $30 billion AI-related investment programme.'We're seeing investment decisions being made on the strength of delivery performance, not just potential,' Macura added. 'Developers are meeting deadlines, occupiers are pre-leasing, and supporting infrastructure is being delivered in parallel. That consistency is being noticed by institutional capital.'Stargate UAE's first 1 GW of capacity is scheduled to go live by 2026, an accelerated timeline by global standards. Meanwhile, Khazna's 100 MW AI-focused facility in Ajman is also progressing towards phased delivery within 24 months. As AI workloads intensify and power availability becomes a key global constraint, the UAE is positioning itself as a scalable hub for next-generation computing. 'The level of interest we're seeing isn't temporary,' said Macura. 'The UAE has reached the point where it offers both operational reliability and future capacity – those are the markets that will outperform over time.'
