Microsoft to invest $80 billion in AI data centers by June 2025
Microsoft has announced plans to invest $80 billion in AI-enabled data centers during its current fiscal year, which ends in June 2025. More than half...
Tag : infrastructure
French ski industry faces closures as small resorts struggle with costs
France’s ski industry is witnessing a growing decline in smaller, mid-altitude resorts as economic and environmental pressures mount. Since the 1950s, 186 ski resorts have...
Borouge opens offices in Kenya, South Korea
Leading petrochemical company, Borouge, known for its innovative polyolefin solutions, has announced the opening of new offices in Kenya and South Korea. This strategic move...
Egypt and UAE forge $150 billion investment partnership
In a groundbreaking move, Egypt and the United Arab Emirates (UAE) have inked a historic investment partnership agreement aimed at transforming the Ras al-Hikma peninsula,...
UAE president Sheikh Mohamed hosts FIFA president
In a meeting at Qasr Al Bahr in Abu Dhabi today, UAE President Sheikh Mohamed bin Zayed Al Nahyan welcomed Gianni Infantino, President of the...
KKR to absorb Telecom Italia’s debt in €18.8 billion acquisition
In a seismic shift for Italy's communications landscape, Telecom Italia's board has given the green light to an €18.8 billion ($20.2 billion) acquisition by KKR,...
President Lula’s $347.5 billion growth plan for Brazil emphasizes ecological transition
Brazil's "growth acceleration" plan, known as PAC, has been reintroduced, with a projected 1.7 trillion reais ($347.5 billion) in investments. This new initiative is set...
President of Brazil embarks on official visit to the UAE
Luiz Inacio Lula da Silva, the President of Brazil, arrived in the UAE today for an official visit, accompanied by his wife and First Lady...