Cloud 22 at Atlantis The Royal is set to revive its Moonlight Sessions starting Thursday, 1 May, offering guests evening access to its rooftop infinity pool. Perched 96 metres above ground, the venue provides panoramic views of Palm Jumeirah and the Dubai skyline, creating a distinctive setting for nighttime swims. The sessions will run every Thursday to Saturday from 7pm to 11pm, aligning with the city’s rising […]
A formidable dust storm, propelled by powerful winds, surged across southern New Mexico and western Texas on April 19, 2025, significantly reducing visibility and disrupting daily life. The event was captured in striking detail by NOAA’s GOES-19 satellite, providing meteorologists and scientists with valuable data on the storm’s dynamics. The storm was driven by a cold front that generated wind gusts reaching up to 58 mph in […]
Global connectivity provider GNX has inaugurated a new office in Dubai, marking a significant step in its strategic expansion across the Middle East and Africa region. The move aims to cater to the growing demand for agile, secure, and scalable network solutions among enterprises, managed service providers , and data centre operators in the region. The Dubai office will serve as GNX’s regional headquarters, enabling the company […]
Dubai-based startup The Game Company has introduced its AI-powered cloud gaming platform during Dubai AI Week 2025, an event held under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. The platform aims to deliver high-performance, low-latency gaming experiences without the need for specialized hardware, marking a significant step in the evolution of gaming technology. TGC’s platform leverages proprietary low-latency technology, enabling users […]
IceWhale Technology has introduced the ZimaBoard 2, a compact, fanless single-board server designed to enhance home labs and self-hosted environments. The device is now available for pre-order on Kickstarter, targeting tech enthusiasts and professionals seeking a versatile, low-power computing solution. The ZimaBoard 2 is powered by Intel’s N150 quad-core processor, part of the “Twin Lake” series, offering a base frequency of 3.6 GHz and integrated Intel UHD […]
Azizi Developments has announced a $20.4 billion master-planned community named Azizi Milan, set to rise along Sheikh Mohammed Bin Zayed Road in Dubai. This ambitious project aims to blend Italian architectural elegance with Dubai’s modern urban landscape, featuring over 30,000 residential units, including 100 mid-rise apartment complexes and more than 400 luxury villas and mansions. Spanning approximately 15 million square feet, Azizi Milan is designed to be […]
SINGAPORE – Media OutReach Newswire – 24 April 2025 – CDNetworks, the APAC-leading network to deliver edge as a service, is reinforcing its commitment to supporting global enterprises as they expand into key emerging markets, including Latin America, South and Southeast Asia, the Middle East, and Africa. With a well-established presence in these rapidly growing regions, CDNetworks helps global enterprises accelerate their market entry and expand with […]
![istockphoto 1310441328 612x612 1[1]](https://thearabianpost.com/wp-content/uploads/2025/04/istockphoto-1310441328-612x612-11-151x118.jpg)
Emirates Integrated Telecommunications Company has entered into a landmark agreement with Microsoft to construct a state-of-the-art hyperscale data centre in the UAE. The project, valued at approximately 2 billion dirhams , marks a significant development in the country’s growing data infrastructure sector.
This collaboration, unveiled during Dubai AI Week, aims to create a cutting-edge facility that will offer cloud computing and data storage solutions for businesses across the region. With Microsoft as the primary tenant, the data centre is expected to scale its operations in phases, enhancing the UAE’s digital landscape over time.
Hyperscale data centres, like the one planned in partnership with Microsoft, are vast facilities designed to handle massive amounts of data, providing essential services for enterprises in various sectors, from finance to telecommunications. These centres are vital for enabling cloud-based operations and the increasing reliance on digital platforms.
Fahad Al Hassawi, CEO of du, highlighted the significance of the project, stating that the development represents a major step forward in the UAE’s ambition to lead in the global digital economy. “This deal marks a pivotal leap in our strategic goal to revolutionise the digital ecosystem of the UAE,” Al Hassawi said in his statement.
As the demand for cloud services continues to rise across the Middle East, this hyperscale data centre is poised to address the growing need for data storage, backup, and processing power. The centre will serve as a critical hub, supporting both local businesses and multinational companies looking to expand their presence in the region.
The data centre is also expected to help drive advancements in artificial intelligence , a technology that is rapidly gaining traction across various industries. By providing a robust infrastructure for AI development, the facility will bolster the UAE’s position as a leader in digital innovation. Microsoft’s involvement will bring in not only expertise in cloud technologies but also access to their vast network of global services, including Azure, which powers a wide range of enterprise solutions.
This partnership highlights the UAE’s commitment to investing in next-generation technologies to support the region’s economic diversification. With cloud computing continuing to be a fundamental driver of the digital economy, the development of such facilities is a clear reflection of the country’s long-term strategy to enhance its technological capabilities and attract international investment.
The project will further contribute to the UAE’s broader vision of becoming a global tech hub. The strategic location of the data centre in Dubai offers a significant advantage, given the city’s status as a business and logistics hub connecting Europe, Asia, and Africa. The development of this data centre aligns with the UAE’s long-standing goals of promoting innovation, sustainability, and digital transformation across multiple sectors.
The deal underscores the UAE’s efforts to improve its digital infrastructure in line with global standards. The hyperscale facility will provide businesses with enhanced access to cloud-based services, ensuring that they have the flexibility to scale operations efficiently. This is expected to benefit sectors like finance, e-commerce, and telecommunications, which are increasingly dependent on cloud technology.
The hyperscale data centre also aligns with the UAE’s broader ambitions to become a global leader in technology and digital services. As the country moves towards a knowledge-based economy, investments in data infrastructure are seen as critical to sustaining long-term economic growth. The UAE’s strategic investments in this sector are expected to have far-reaching effects on both local and international markets, with businesses set to benefit from enhanced access to cloud services and data storage.
The scale and scope of the partnership between du and Microsoft also reflect the increasing importance of international collaborations in the tech industry. Such collaborations are essential for fostering innovation and ensuring that businesses in the UAE have access to world-class technologies. By partnering with a global tech leader like Microsoft, du is positioning itself to be at the forefront of the digital revolution in the region.
As the UAE continues to expand its digital footprint, this project represents a significant step in its journey towards becoming a hub for advanced technologies in the Middle East. The hyperscale data centre will not only meet the growing demand for cloud services but also play a pivotal role in the broader development of AI and digital transformation initiatives in the region.
Matein Kalid Only the poetic genius of an Irishman can do justice to the epic Big Boy sumo wrestling match in history – between Shogun Trump and Sensei Powell-san as panic spreads at the speed of light across the digital arteries of the global banking village. W.B. Yeats’s immortal versus echo in my brain – things fall apart, the center cannot hold, mere anarchy is loosed upon […]
Google has unveiled Project IDX, a browser-based, AI-powered integrated development environment designed to streamline full-stack, multiplatform app development. Built on Google Cloud and powered by Codey, an AI model trained on code and built on PaLM 2, Project IDX aims to provide developers with a seamless, cloud-hosted workspace that mirrors the capabilities of local development environments. Project IDX offers developers the ability to import existing projects from […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 19 April 2025 – Even the most seasoned CFD traders can fall into psychological traps—from chasing the hype to holding poor trades out of stubborn hope. Emotional biases can cloud judgment and lead even experienced traders to costly blunders. However, psychological resilience reduces the risk of a loss. Octa Broker, as part of its commitment to traders’ education, explores […]
Google’s Media Content Delivery Network has achieved a significant milestone by reaching a data transfer rate of 100 terabits per second . This development underscores Google’s commitment to enhancing its infrastructure to meet the growing demands of video-on-demand , large file downloads, and selective live streaming applications. Media CDN, introduced by Google Cloud, is designed to optimize the delivery of high-throughput content. By utilizing the same infrastructure […]
Matein Khalid Thank God my macro instinct flashed a “get out” SOS in late February and I dumped King Dollar for Bonnie King Charlie’s British pound before New Year late last year and thus averted fate worse than death/Matty miskeen. My macro guardian angel now whispers a few subliminal ideas. One, Chinese factories shed 20 million workers last week and hiring is down 30%. So the youth […]
15 Tech Companies Showcase AI, Telecommunications, and Green and Construction Tech at HKSTP Pavilion HONG KONG SAR – Media OutReach Newswire – 16 April 2025 – The Hong Kong Science and Technology Parks Corporation (HKSTP) will lead a delegation of 15 innovative tech companies to GITEX Asia 2025, taking place from 23-25 April, 2025, at Marina Bay Sands in Singapore. The HKSTP Pavilion will highlight the breadth […]
HONG KONG SAR – Media OutReach Newswire – 16 April 2025 – Zero Fintech Group Limited (“Zero Fintech” or the “Company”, stock code: 0093.HK), a leading fintech innovator, is proud to announce its stellar financial performance for the year ended 31 December 2024, showcasing remarkable growth driven by strategic execution and advanced risk management. 2024 Financial Highlights: Revenue: HK$261.8 million – a 33% increase YoY, driven by […]
SYDNEY, AUSTRALIA – Media OutReach Newswire – 16 April 2025 – Crayon, a global leader in IT services and innovation, today announced the latest release of its biennial Future of Operations study of SMB decision makers. The Future of Operations: Advancing AI-Driven Innovation and Cloud Agility for Small and Medium Sized Businesses, Forrester Consulting study commissioned by Crayon for the Asia Pacific region reveals a bold shift […]
Banking powerhouse Standard Chartered, in collaboration with global cryptocurrency exchange OKX, has launched an innovative pilot programme in Dubai aimed at reshaping the landscape for institutional investors trading in digital assets. This new initiative, known as the collateral mirroring programme, promises to transform how cryptocurrencies and tokenised money market funds are used as collateral, potentially setting a new standard in the industry.
The programme enables institutions to use their digital assets as collateral for trading purposes without needing to transfer these assets onto an exchange. This method significantly reduces counterparty risk, one of the primary concerns in the crypto world, particularly for large investors. The model allows firms to maintain control over their assets while still participating in the market, addressing long-standing issues surrounding asset security and liquidity.
This venture marks the first time that a major global bank, a regulated crypto platform, and a traditional asset manager have come together to support secure crypto trading for institutional investors. By collaborating, the entities are not only offering a new approach to collateral management but also strengthening the framework for institutional participation in the crypto space.
Dubai, a hub for both traditional and digital finance, serves as the ideal location for this pilot programme. The city has long been at the forefront of adopting innovative financial technologies, positioning itself as a global leader in digital asset regulation. The Dubai Financial Services Authority has consistently supported initiatives that balance innovation with regulatory oversight, providing a clear framework for the crypto industry to grow within secure boundaries.
Institutional investors have traditionally been hesitant to fully engage in cryptocurrency markets due to concerns about volatility, security, and regulatory ambiguity. The new programme addresses these concerns by ensuring that assets are not exposed to the vulnerabilities of traditional exchanges. Instead of transferring assets directly onto an exchange, they remain in the custody of the institutional investors, with their value mirrored for trading purposes. This provides a layer of protection, reducing the risks associated with custodial services and enhancing capital efficiency.
Capital efficiency is another critical factor for institutional investors, who often deal with large volumes of assets. By using cryptocurrencies and tokenised funds as collateral without the need to move them onto exchanges, investors can free up their capital for additional trading opportunities. This is a significant improvement over the current model, where assets typically need to be held in exchange accounts or liquidated to meet collateral requirements.
The programme comes at a time when institutional interest in cryptocurrencies is growing. The global market for digital assets continues to expand, with more traditional financial institutions looking to integrate crypto services into their portfolios. According to industry experts, such initiatives are a necessary step to bridge the gap between the traditional financial system and the emerging world of digital currencies. The collaboration between Standard Chartered and OKX highlights how traditional financial institutions can innovate while still adhering to regulatory standards.
The partnership is also a response to the increasing demand for tokenisation in financial markets. Tokenisation, the process of converting real-world assets into digital tokens, has gained significant traction in recent years. With tokenised assets, transactions become faster, cheaper, and more transparent, making them attractive to institutional investors. This new initiative builds on the growing trend of tokenisation, offering a secure and regulated way for investors to participate in the digital asset market.
OKX, known for its compliance with global regulations, is well-positioned to offer the technological infrastructure needed for such a programme. As one of the largest cryptocurrency exchanges in the world, it provides a secure platform for trading and asset management, making it an ideal partner for institutional investors who demand reliability and transparency.
Standard Chartered’s involvement brings an additional layer of credibility to the initiative. As one of the world’s leading banking institutions, its participation signals a growing acceptance of cryptocurrencies within the mainstream financial system. By partnering with OKX, Standard Chartered is signalling its commitment to staying ahead of the curve in the rapidly evolving world of digital assets.
The collaboration also reflects a broader trend within the financial industry towards digitalisation. More and more, traditional financial institutions are recognising the potential of blockchain and cryptocurrency technologies to enhance financial services. As digital currencies continue to gain acceptance, the lines between traditional and digital finance are becoming increasingly blurred. This programme is a tangible example of how these two worlds can work together to create a more secure, efficient, and transparent financial system.
While this pilot programme represents a major step forward, the broader implications for the global financial system remain to be seen. The success of the programme will likely influence how other financial institutions and regulators approach the integration of digital assets into their operations. Should it prove successful, it could lead to similar initiatives being launched in other financial hubs around the world.
However, challenges remain. The regulatory landscape for digital assets is still evolving, with countries and jurisdictions adopting varying stances on how cryptocurrencies should be treated. This uncertainty could pose challenges for institutions looking to engage in digital asset trading. Nevertheless, Dubai’s proactive regulatory environment provides a model that other financial centres may look to replicate as they develop their own frameworks for crypto regulation.
Hypertec Cloud has merged with 5C Data Centres in a move set to revolutionise the AI infrastructure landscape. The newly formed entity, 5C Group, combines both companies’ strengths, solidifying their presence in the rapidly expanding AI market. With a commitment to delivering state-of-the-art data centres and cloud services, the merger is poised to address growing demands in sectors such as artificial intelligence, cloud computing, and data processing. […]
Mubadala Energy, the international energy arm of Abu Dhabi’s Mubadala Investment Company, has entered the US energy sector by acquiring a 24.1% stake in SoTex HoldCo, a portfolio of Kimmeridge Energy Management. The transaction, executed through the issuance of new equity, marks Mubadala’s inaugural investment in the United States. SoTex HoldCo encompasses two key assets: Kimmeridge Texas Gas , an upstream natural gas producer operating in South […]
Morocco is poised to become a central figure in Africa’s digital transformation as it prepares to host the third edition of GITEX Africa Morocco from 14 to 16 April 2025 in Marrakech. This event, held under the High Patronage of His Majesty King Mohammed VI, is organized by the Ministry of Digital Transition and Administration Reform in partnership with the Digital Development Agency (ADD) and KAOUN International. […]
IBM has unveiled the z17 mainframe, a system engineered to enhance artificial intelligence capabilities within enterprise environments. Central to this advancement is the IBM Telum II processor, featuring eight high-performance cores operating at 5.5GHz. This processor integrates an AI accelerator core and a coherently attached Data Processing Unit , collectively designed to deliver low-latency, high-throughput in-transaction AI inference, addressing complex transactional demands across industries such as finance, […]
The artificial intelligence landscape has been invigorated by the emergence of advanced conversational agents, notably Anthropic’s Claude Pro and OpenAI’s ChatGPT Plus. Both platforms offer subscription-based services at $20 per month, catering to users seeking enhanced AI interactions. While they share similarities in pricing, their distinct features and capabilities set them apart. ChatGPT Plus, powered by OpenAI’s GPT-4 model, is renowned for its extensive parameter count, facilitating […]
The 28th Dubai World Cup concluded with an extraordinary closing ceremony at Meydan Racecourse, captivating over 60,000 spectators with a pioneering display of drone, laser, and lighting technology. This ambitious spectacle not only mesmerized attendees but also set three new Guinness World Records, underscoring Dubai’s commitment to hosting world-class events. The centerpiece of the ceremony was an intricate performance involving 4,000 specialized drones equipped with LED lights […]
HONG KONG SAR – Media OutReach Newswire – 9 April 2025 – X Pay, the local leader in “Buy Now, Pay Later” solutions, is pleased to announce a landmark strategic partnership with STOREBERRY, Hong Kong’s fast-growing omnichannel commerce platform. “Our partnership with STOREBERRY marks a significant advancement in payment innovation for Hong Kong’s retail sector. The ‘Online Price Divider’ not only makes high-value purchases more accessible but […]
