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Thailand is moving quickly to reshape the digital map of Southeast Asia, with a surge in data centre construction and artificial intelligence investment shifting the country from a long-standing data transit role to a regional convergence point. New facilities clustered around Bangkok, Chonburi and the Eastern Economic Corridor are altering traffic flows, shortening latency across borders and drawing cloud, AI and content providers seeking scale outside established hubs.

The expansion reflects a change in how data moves across the region. Historically, much east-west traffic between South Asia, Greater China and the Pacific routed through Singapore before fanning out. With hyperscale campuses multiplying in Thailand, workloads are increasingly being processed and stored closer to end users, easing congestion and improving resilience. Network operators say the shift is visible in peering arrangements and cross-border fibre utilisation, with Bangkok emerging as a preferred interconnection point.

Policy has been a key driver. Authorities have offered investment incentives, fast-tracked permits and clarified power and land-use rules to attract large campuses. Grid upgrades and new renewable capacity have been prioritised to address the energy intensity of AI-ready facilities. The strategy aligns with a broader push to anchor higher-value digital services domestically, from cloud platforms and analytics to language models and industry-specific AI tools.

Global technology firms are responding. Cloud providers including Google, Microsoft and Amazon Web Services have expanded or announced investments to serve regional customers from Thai infrastructure, while chipmakers and systems integrators are working with local partners to deploy accelerated computing suited to AI training and inference. Industry executives cite Thailand’s central geography, improving power availability and maturing regulatory environment as decisive factors.

Domestic players are also scaling up. Telecom operators and property developers have formed joint ventures to build carrier-neutral sites, while energy companies are pairing data centres with solar and gas assets to stabilise supply. Universities and research institutes are increasing AI programmes to address talent gaps, with a focus on data engineering, cybersecurity and model governance. The goal is to ensure that infrastructure growth translates into local capability rather than pass-through capacity.

Competition across the region remains intense. Singapore retains strengths in finance, regulation and dense interconnection, but land and power constraints have pushed expansion elsewhere. Malaysia and Indonesia are adding capacity to serve fast-growing domestic markets, while Vietnam is drawing manufacturing-linked digital workloads. Against that backdrop, Thailand is positioning itself as a neutral aggregation point serving multiple neighbours within ASEAN, balancing scale with proximity.

Connectivity improvements underpin the shift. New submarine cable routes landing on both coasts, alongside terrestrial links to neighbouring countries, are diversifying paths and reducing dependence on a single choke point. Operators say this redundancy matters as enterprises distribute AI workloads across regions for cost, performance and regulatory reasons. Financial services, e-commerce and media firms are increasingly adopting multi-cloud strategies that favour locations offering reliable interconnection.

AI demand is shaping design choices. Facilities are being built with higher power densities, advanced cooling and space for accelerated hardware to support model training, while edge nodes closer to population centres handle inference and latency-sensitive tasks. This layered approach is changing how content delivery, language services and real-time analytics are deployed across Southeast Asia.

Oil prices advanced in early Asian trade on Monday after United States authorities intercepted an oil tanker off the coast of Venezuela in international waters, reinforcing concerns over supply risks linked to enforcement actions in key producing regions. Brent crude futures gained 44 cents, or 0.73%, to $60.91 a barrel by 0141 GMT, while U. S. West Texas Intermediate rose 40 cents, or 0.71%, to $56.92. The […]

Brazil’s youngest investors are reshaping the country’s crypto economy, pushing demand beyond speculative trading towards stablecoins and tokenised income products that mirror traditional fixed income while operating on blockchain rails. Platforms catering to this shift say participation from users in their late teens and twenties has climbed sharply, reflecting a broader generational move towards digital-first savings tools amid stubbornly high interest rates and volatile global markets. Data […]

PeerTube, the decentralised video-sharing platform positioned as an open-source alternative to YouTube, has rolled out a set of updates aimed squarely at creators, signalling a strategic push to make the network more attractive to professional and semi-professional video producers who have grown uneasy with the economics and governance of large, centralised platforms. The most significant change is the introduction of “Creator Mode”, a feature set designed to […]

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Kenya’s leadership has renewed its push to project the country as a future developed economy, with Deputy President Kithure Kindiki rejecting claims that the ambition is unrealistic and arguing that structural reforms, demographic momentum and targeted investment are laying the groundwork for first-world status. Speaking at a public forum on economic transformation, Kindiki said scepticism about Kenya’s trajectory often ignored long-term planning frameworks and measurable gains in […]

Rivian has begun deploying a major software update that introduces Universal Hands-Free Driving across supported highways, alongside expanded digital key functionality on both iOS and Android devices, marking a significant step in the electric vehicle maker’s push to narrow the software gap with more established rivals. The update, delivered over the air to owners of the R1T pickup and R1S SUV, enables drivers to operate their vehicles […]

IBM has set out an ambitious plan to equip five million people across India with skills in artificial intelligence, cybersecurity and quantum computing by 2030, deepening its long-running SkillsBuild programme and expanding partnerships with governments, universities and employers to address widening technology talent gaps.

The initiative, led by IBM, centres on scaling IBM SkillsBuild, a free digital learning platform that blends online courses, project-based learning and industry-recognised credentials. The company said the expansion will prioritise job-ready capabilities aligned with fast-evolving enterprise demand, including generative AI applications, cloud security and the foundations of quantum information science.

IBM executives framed the move as a response to structural shifts in the labour market, where automation and AI adoption are reshaping roles faster than traditional education systems can adapt. India’s large and youthful workforce, combined with rapid digitalisation across banking, healthcare, manufacturing and public services, has made skills development a policy and business imperative. Government estimates show millions of new digital roles emerging this decade even as legacy jobs are redefined.

The company plans to deepen curriculum integration with higher education institutions, vocational colleges and secondary schools, embedding SkillsBuild content into coursework while expanding teacher training so faculty can deliver updated material. IBM also intends to widen collaborations with state governments and industry bodies to tailor programmes for local employment needs, particularly in tier-two and tier-three cities where access to advanced training has lagged.

SkillsBuild offers modular pathways that range from introductory digital literacy to advanced certifications, with content developed by IBM practitioners and academic partners. Learners can earn digital badges in areas such as data analysis, AI ethics, cybersecurity fundamentals and cloud computing, alongside exposure to quantum concepts through simulations and guided labs. IBM said it will add more experiential components, including hackathons, internships and employer-linked projects, to strengthen transitions from learning to work.

Cybersecurity has been highlighted as a priority track, reflecting persistent shortages of security professionals and rising risks to critical infrastructure and enterprises. Courses will cover threat analysis, incident response and secure system design, with an emphasis on practical skills that align with global frameworks. In AI, the focus extends beyond coding to include responsible deployment, model governance and sector-specific use cases, areas that employers increasingly cite as gaps among graduates.

Quantum computing, still an emerging field, forms the third pillar of the programme. IBM operates one of the world’s largest fleets of quantum systems accessible via the cloud, and the curriculum introduces learners to quantum mechanics, algorithms and programming tools. While near-term job creation in quantum remains limited, IBM argues that early exposure will build a pipeline of talent capable of supporting research, hardware development and future commercial applications.

The scale of the target reflects IBM’s broader workforce strategy, which has shifted towards skills-based hiring and continuous learning. The company has previously said that formal degrees are no longer the sole proxy for capability, particularly in fast-moving technology domains. By expanding free access to training and credentials, IBM aims to widen participation among women, underrepresented communities and learners from non-traditional backgrounds.

Industry analysts view the plan as part of a competitive race among global technology firms to cultivate ecosystems of skilled users and developers. Cloud providers, software companies and chipmakers have all launched large-scale training commitments, seeking both social impact and long-term commercial benefits as trained professionals tend to adopt familiar platforms. For India, such programmes complement national efforts to boost digital skills and attract high-value investment, though experts caution that quality, relevance and job linkage will determine outcomes.

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Sharjah is finalising preparations to host the eighth Arab Women’s Sports Tournament, a multi-sport event scheduled to run from February 2 to 12, bringing together elite female athletes from across the Arab world in what organisers describe as a milestone for women’s competitive sport in the region.

Organised by the Sharjah Women Sports Foundation, the tournament is expected to draw teams from more than a dozen countries to compete across disciplines including basketball, volleyball, table tennis, fencing, athletics and archery. Officials say venues across the emirate have undergone technical upgrades and test events to meet international competition standards, while logistics plans covering accommodation, transport and medical services are being finalised.

The competition, formally known as the Arab Women’s Sports Tournament, has become a fixture on the regional calendar since its launch in 2012. It aims to expand opportunities for female athletes, raise performance benchmarks and create a platform where emerging talents can measure themselves against established competitors. Organisers say the February edition will place added emphasis on athlete welfare, officiating quality and broadcast production to extend the tournament’s reach.

Officials involved in planning say participation levels this year reflect growing institutional support for women’s sport across the Middle East and North Africa. National federations have confirmed full-strength squads in several team sports, while individual events are expected to feature athletes who have competed in continental and global championships. The organisers note that the depth of competition has increased steadily over successive editions, with closer scorelines and higher technical standards.

Sharjah hosts expanding Arab women sports event has become a recurring narrative for the emirate, which has invested heavily in grassroots and elite programmes over the past decade. Sports administrators say the tournament aligns with wider strategies to integrate physical education, competitive sport and leadership development for women and girls. Training clinics, refereeing workshops and youth engagement activities are planned alongside the competition calendar to maximise long-term impact.

The Sharjah Women Sports Foundation has stated that preparations also include collaboration with international federations to ensure rules compliance and consistency in judging. Advanced timing systems, video review where applicable, and certified officials will be deployed to maintain competitive integrity. Medical teams with experience in elite sport will be on site throughout the tournament, supported by emergency response units coordinated with local authorities.

Economic and social spillover effects are also part of the planning calculus. Hospitality operators anticipate increased occupancy during the tournament period, while local vendors and service providers are expected to benefit from ancillary demand. Cultural programmes linked to the event will showcase heritage sites and community initiatives, reinforcing Sharjah’s positioning as a host for sports and cultural exchange.

Athletes and coaches familiar with previous editions say the tournament offers a rare environment where women’s sport takes centre stage across multiple disciplines simultaneously. For younger competitors, exposure to international-level organisation and media attention is viewed as a stepping stone toward professional pathways. For established athletes, the event provides competitive continuity between continental championships.

SK hynix has secured a significant validation for its enterprise memory portfolio after completing Intel’s Data Center Certified process for a 256GB DDR5 RDIMM designed for the Xeon 6 server platform, marking a first for a module built on 32-gigabit die technology. The certification positions the South Korean chipmaker at the forefront of high-capacity memory deployment for data centres facing sharp increases in workload density driven by […]

Ras Al Khaimah has faced one of the most intense rainfall episodes in its recorded history, with official gauges measuring up to 127 millimetres across two days as a powerful storm system swept the northern emirates. The deluge exceeded the emirate’s typical annual average, overwhelming drainage networks and triggering flash flooding in low-lying and mountainous areas.

Authorities said the heaviest downpours were concentrated around Mina Saqr, Jebel Al Rahibah and the upper reaches of Jebel Jais, where steep terrain funnelled runoff into wadis and access roads. Several residential districts reported water entering homes and ground floors, while industrial zones near the coast saw yards and warehouses inundated. Emergency crews were deployed through the night to clear debris, pump water and assist stranded motorists.

Meteorological data show that the system delivered short bursts of exceptionally intense rainfall, a pattern that hydrologists say increases flood risk even where total volumes might otherwise be manageable. In the mountains, rainfall totals were uneven but locally extreme, with gauges registering more than a year’s worth of rain over 48 hours. The combination of saturated ground and rapid runoff led to temporary road closures and landslides on feeder routes to higher elevations.

Officials from civil defence and municipal services said no fatalities had been reported, though injuries were treated at local hospitals and several families were temporarily relocated as a precaution. Schools in affected zones shifted to remote learning for a day while assessments were carried out. Power and water supplies were largely maintained, though brief outages were recorded in pockets where substations were flooded.

The storm formed as moist air from the Arabian Sea collided with a slow-moving upper-level trough, creating prolonged convective activity over the UAE’s north. Weather specialists noted that while heavy rain events are not unprecedented, the persistence and concentration over Ras Al Khaimah set this episode apart. Satellite imagery showed successive storm cells tracking along the same corridor, repeatedly dumping rain over the same catchments.

Urban planners and climate scientists say the episode underlines growing exposure to extreme weather in arid regions. Studies of the Gulf’s climate indicate a tendency towards more erratic rainfall, with longer dry spells punctuated by intense storms. Such shifts challenge infrastructure designed around historical averages, particularly drainage systems sized for shorter, lighter showers.

Ras Al Khaimah’s leadership said post-storm reviews would examine drainage capacity, early-warning protocols and land-use planning in flood-prone areas. Investment in wadis management and retention basins has increased in recent years, but officials acknowledged that rapid development and changing rainfall patterns require constant reassessment. Work crews were already clearing silt from channels and inspecting culverts to restore full flow capacity.

Residents described scenes of fast-moving water sweeping through streets and wadis within minutes of the heaviest rain. In mountain communities, drivers abandoned vehicles as torrents crossed roads, while hikers on Jebel Jais were escorted to safety by rescue teams once conditions allowed. Authorities reiterated advisories against entering wadis during storms, warning that flows can rise without notice far downstream from where rain is falling.

Insurance providers said claims assessments were under way, with early indications pointing to damage to vehicles, ground-floor properties and small businesses. Analysts noted that insurance penetration for flood damage remains uneven, leaving some households reliant on emergency assistance and community support. Local charities and volunteer groups organised relief supplies, including pumps and cleaning equipment, to help affected families return to their homes.

The episode has also prompted renewed discussion about data sharing and public communication. Meteorologists said advances in radar and nowcasting allow for more precise warnings, but effective response depends on rapid dissemination and public trust. Authorities credited social media alerts and mobile notifications with reducing exposure, though they acknowledged that compliance varies, particularly among motorists accustomed to short-lived showers.

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Bitcoin’s slide below the closely watched $86,000 threshold has unsettled digital-asset markets, breaking a price floor that traders had treated as a key line of defence since the sharp sell-off in October. The move has triggered renewed volatility across major tokens and prompted a reassessment of risk as investors weigh whether the decline reflects temporary dislocation or a deeper shift in market structure. The breach occurred amid […]

TECOM Group has launched Phase 4 of its Innovation Hub at Dubai Internet City, marking a significant expansion aimed at meeting growing demand for Grade-A office space from multinational companies operating across technology, digital media, telecommunications and other future-focused sectors. Valued at Dhs615 million, the new phase will add 263,000 square feet of gross leasable area, reinforcing Dubai Internet City’s role as a regional centre for global […]

Saudi Arabia is preparing to lift crude oil shipments at the start of 2026, a move that underscores mounting concerns about excess supply as global demand growth remains uneven. Allocations to buyers across Asia, Europe and North America are set to rise, according to trade and shipping data reviewed by market participants, pointing to a more assertive sales posture by the world’s largest exporter after months of […]

Sony has agreed to acquire an 80 per cent stake in Peanuts Holdings for $457 million, securing control of one of the world’s most recognisable entertainment brands and deepening its push into character-driven film, television, music and consumer products. The transaction sees Sony buy out the stake held by Canada-based WildBrain, while the family of Peanuts creator Charles M Schulz retains the remaining 20 per cent.

The deal hands Sony majority ownership of the Peanuts intellectual property, which includes Charlie Brown, Snoopy and the wider cast that has defined the franchise since its debut in newspapers in 1950. Peanuts Holdings oversees global licensing, publishing and brand management, and its assets include more than 17,000 comic strips as well as extensive animation and merchandising rights.

Executives involved in the transaction said the agreement reflects a shared focus on preserving the spirit of the characters while positioning the brand for new audiences across platforms. Sony has built a broad entertainment ecosystem spanning film studios, music labels, games and consumer electronics, giving it multiple avenues to deploy the Peanuts characters without fragmenting creative control.

Sony deepens its grip on Peanuts

Sony’s leadership described the acquisition as a strategic step rather than a short-term content play. The company already distributes Peanuts animation through Sony Pictures Television and has worked closely with the Schulz family for years on brand stewardship. By consolidating ownership, Sony gains the ability to align long-term creative planning with distribution and merchandising strategies.

The Peanuts franchise continues to generate significant revenue through licensing deals covering toys, apparel, publishing and themed experiences. Industry analysts estimate that global character merchandising remains one of the most resilient segments of the entertainment economy, supported by multigenerational appeal and predictable demand. Peanuts, with its minimalist humour and emotional resonance, is often cited as one of the few properties that can cross age groups and cultures with limited localisation.

WildBrain’s exit reflects a strategic refocus on its own core animation and family content operations. The company had acquired its Peanuts stake through earlier transactions linked to rights management and production, and has since monetised the asset while maintaining creative partnerships. Executives at WildBrain said the sale strengthens its balance sheet and allows greater investment in owned brands and production pipelines.

For the Schulz family, retaining a 20 per cent stake preserves direct influence over creative decisions and brand values. Family representatives have repeatedly stressed the importance of protecting the philosophical tone of the strip, which blends humour with themes of loneliness, perseverance and childhood reflection. Their continued involvement is expected to reassure long-time fans wary of over-commercialisation.

Sony’s broader strategy has increasingly emphasised intellectual property with long shelf lives rather than single-release blockbusters. The company has expanded its catalogue through acquisitions and partnerships that allow stories and characters to move fluidly between cinema, streaming, music, games and live events. Peanuts fits that model, offering episodic storytelling, short-form content and strong visual branding.

The entertainment group also sees opportunities to integrate Peanuts more deeply into its music and gaming divisions. Snoopy and Charlie Brown have already appeared in music collaborations, seasonal broadcasts and digital content, and Sony’s ownership of major music labels and gaming platforms provides scope for cross-promotional projects without reliance on third-party licensing negotiations.

Market observers note that the valuation implies confidence in stable, long-term cash flows rather than explosive growth. Character-driven brands such as Peanuts tend to perform consistently across economic cycles, supported by evergreen demand for family-friendly content and nostalgia-driven consumption. This predictability contrasts with the volatility seen in theatrical box office revenues and subscription-based streaming models.

The acquisition also comes as global media companies reassess how to manage legacy brands in an era dominated by short-form video and algorithm-driven discovery. Sony has indicated it will invest in formats that respect the franchise’s roots while experimenting with new distribution channels, including digital shorts and educational programming.

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Expo City Dubai has rolled out a structured graduate development initiative aimed at preparing UAE nationals for long-term careers in real estate, urban development and city management, as the post-Expo district accelerates its transition into a permanent business, residential and innovation hub. The programme, branded Exposure, sits within Expo City Dubai’s Real Estate and Development division and targets fresh Emirati graduates at the start of their professional […]

Canada faces another period of economic uncertainty as the U. S. Supreme Court weighs a case that could reshape the legal foundations of tariffs imposed during Donald Trump’s presidency, reviving questions about the stability of cross-border trade rules and the exposure of Canadian industries to abrupt policy shifts. The pending decision centres on the scope of presidential authority to levy tariffs under long-standing U. S. trade statutes, […]

Washington has approved an arms package for Taiwan valued at about $11.1 billion, a move described by officials as the largest single tranche of US military support for the island and one that has prompted a sharp diplomatic response from Beijing. The decision underscores a widening security rift across the Taiwan Strait as pressure on Taipei intensifies through military drills, air patrols and naval manoeuvres. The package, […]

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Host Arabia has closed its first edition in Riyadh, positioning the Saudi capital as an emerging focal point for the hospitality and foodservice supply chain at a time when the kingdom is accelerating investment in tourism, leisure and urban development. The three-day event brought together hotel operators, restaurant groups, suppliers and policymakers, underlining the scale of demand being created by new resorts, giga-projects and a fast-expanding domestic dining market.

Held at the Riyadh Front Exhibition and Conference Centre, the inaugural edition drew exhibitors and visitors from across the Middle East, Europe and Asia, reflecting Saudi Arabia’s growing pull as a commercial hub for hospitality equipment, food and beverage solutions, technology and design services. Organisers said the turnout exceeded initial expectations, with strong participation from both international brands seeking market entry and local firms aiming to scale alongside national development plans.

The exhibition opened against the backdrop of an ambitious tourism strategy that targets a sharp rise in annual visitors by the end of the decade, supported by large-scale projects such as Diriyah, Qiddiya, NEOM and the Red Sea destination. These developments are reshaping procurement needs for hotels, resorts, serviced apartments and entertainment venues, driving demand for kitchen equipment, sustainable packaging, digital ordering systems and energy-efficient infrastructure. Host Arabia sought to position itself as a platform where these needs could be matched with suppliers and service providers in a single marketplace.

Industry executives attending the event highlighted Riyadh’s transformation into a year-round destination for conferences, sports and entertainment as a key factor behind the exhibition’s timing. International hotel groups are expanding their presence in the capital, while domestic restaurant concepts are scaling rapidly, supported by a young population and rising disposable incomes. This combination has intensified competition and raised standards, placing greater emphasis on quality, efficiency and sustainability across the hospitality value chain.

The programme featured live culinary demonstrations, equipment showcases and panel discussions focused on workforce development, localisation of supply chains and the adoption of smart technologies. Speakers addressed challenges such as staff training, cost pressures and the integration of sustainability targets into daily operations, themes that resonate strongly with operators navigating rapid expansion. Discussions also touched on regulatory alignment and the role of public-private partnerships in supporting sector growth.

Exhibitors ranged from global manufacturers of commercial kitchen equipment and refrigeration systems to regional producers of food ingredients, tableware and interior solutions. Technology providers showcased point-of-sale platforms, inventory management tools and data analytics designed to help operators manage margins and customer experience more effectively. Several participants noted growing interest in solutions that reduce water and energy consumption, reflecting both regulatory expectations and cost considerations in a desert climate.

Government and industry representatives used the gathering to underline the hospitality sector’s contribution to economic diversification and job creation. Training institutions and recruitment firms reported strong engagement from operators seeking to build local talent pipelines, an area seen as critical to sustaining long-term growth. The emphasis on skills development aligned with broader national objectives to increase private-sector employment and reduce reliance on imported labour over time.

Organisers described the Riyadh edition as a strategic step in establishing Host Arabia as an annual fixture, with plans to expand floor space and content in future editions. Feedback from exhibitors pointed to strong deal-making potential, with several reporting on-site negotiations and follow-up meetings scheduled with hotel developers and restaurant groups. The presence of decision-makers from major projects was cited as a key differentiator compared with more mature regional trade shows.

South Korea’s central bank has unveiled temporary measures to increase the supply of US dollars in the onshore foreign exchange market, responding to renewed pressure on the won and heightened volatility driven by global monetary conditions and capital flows. The steps, announced in Seoul, are designed to stabilise market functioning rather than signal a shift in the broader policy stance, according to officials familiar with the decision.

The Bank of Korea said it would expand and fine-tune existing mechanisms that channel dollar liquidity to domestic banks, including adjustments to foreign exchange swap operations and closer coordination with financial institutions that rely on short-term dollar funding. The announcement followed sharp movements in the won that reflected a stronger dollar globally, shifting expectations over US interest rates and risk-averse sentiment among international investors.

Authorities stressed that the measures are temporary and targeted. Central bank officials indicated that the aim is to smooth excessive fluctuations and ensure that firms and banks can access foreign currency at reasonable costs, rather than to defend a specific exchange rate level. Market participants have long viewed this distinction as important, particularly after past episodes when heavy-handed intervention drew criticism from trading partners.

South Korea’s economy is deeply integrated into global trade and finance, making its currency sensitive to swings in the dollar. Exporters and importers alike depend on predictable access to foreign currency, while domestic banks hold sizeable short-term foreign liabilities that can become vulnerable during periods of stress. Episodes of dollar scarcity can amplify volatility, as companies rush to hedge exposures and banks scramble to secure funding.

The central bank’s move builds on a toolkit refined over the past decade. FX swap facilities allow banks to exchange won for dollars with the central bank for a set period, easing immediate shortages without depleting official reserves. By adjusting maturities, volumes and pricing, policymakers can influence conditions in the onshore market while signalling readiness to act if dislocations worsen.

Government officials, speaking separately, said fiscal and regulatory authorities were aligned with the central bank’s approach. The finance ministry has held regular consultations with the Bank of Korea and financial regulators to monitor cross-border capital movements, particularly as global investors rebalance portfolios in response to shifting yield differentials. Officials noted that South Korea’s foreign exchange reserves remain ample by international standards, offering a buffer against disorderly market moves.

Economists said the measures reflect a broader trend among Asian central banks grappling with a strong dollar environment. While many economies in the region maintain flexible exchange rates, policymakers have shown a willingness to step in when liquidity dries up or price action becomes detached from fundamentals. In South Korea’s case, analysts pointed to stable external balances and a manageable current account position as factors that give authorities room to act calmly.

Banks welcomed the announcement, saying predictable access to dollar liquidity helps reduce funding costs and limits the risk of knock-on effects to credit markets. A senior treasury executive at a major commercial bank said the adjustments would “help smooth day-to-day operations” at a time when global markets remain sensitive to policy signals from Washington and other major capitals.

Currency strategists cautioned, however, that temporary measures alone cannot offset sustained external pressures if global conditions remain unfavourable. They noted that the won’s performance will continue to be influenced by US monetary policy expectations, geopolitical developments and investor appetite for emerging market assets. Any prolonged mismatch between dollar demand and supply could require further action, though officials have signalled a preference for gradual, market-friendly steps.

The Bank of Korea has repeatedly emphasised that foreign exchange policy operates alongside, not in place of, its primary mandate of price stability. With inflation dynamics evolving and domestic growth facing headwinds from weaker external demand, policymakers are balancing multiple objectives. The central bank has avoided linking the FX measures directly to interest rate decisions, underscoring that liquidity management in currency markets serves a different purpose.

ADQ and the Gates Foundation have announced a partnership aimed at scaling the responsible use of artificial intelligence and education technology to improve learning outcomes for children across sub-Saharan Africa, marking one of the most ambitious cross-sector efforts to apply advanced technology to foundational education systems in the region.

The agreement was unveiled on the sidelines of Abu Dhabi Finance Week during a visit to the UAE by Bill Gates, chair of the Gates Foundation, underscoring the growing role of Abu Dhabi-based sovereign investors in global development initiatives that extend beyond traditional infrastructure and capital deployment.

At its core, the partnership seeks to blend ADQ’s experience as a sovereign investor focused on critical infrastructure and global supply chains with the Gates Foundation’s long-standing work in education, health, and technology-driven development. The collaboration is designed to accelerate the deployment of AI-enabled tools that support teachers, personalise learning, and strengthen education systems while addressing concerns around data privacy, equity, and long-term sustainability.

ADQ–Gates alliance targets AI-powered learning systems as governments and development agencies look for scalable solutions to persistent gaps in literacy, numeracy, and teacher capacity across sub-Saharan Africa. Despite progress in school enrolment over the past two decades, learning outcomes across much of the region continue to lag global averages, with large disparities between urban and rural areas.

Officials familiar with the partnership say the focus will extend beyond hardware or software procurement. Programmes are expected to prioritise teacher support platforms, curriculum-aligned digital content, and AI-driven assessment tools that can function in low-bandwidth environments. Emphasis is also being placed on building local capacity so that education ministries and institutions can manage and adapt systems without long-term dependence on external providers.

The Gates Foundation has invested heavily in education technology across Africa, backing initiatives that use data analytics and adaptive learning models to improve classroom instruction. Its approach has increasingly shifted towards ensuring that digital tools complement teachers rather than replace them, a principle that is expected to guide the collaboration with ADQ.

For ADQ, the partnership aligns with a broader strategy of deploying capital and expertise into sectors that underpin economic resilience and human development. While the Abu Dhabi-based group is widely known for investments in ports, logistics, food security, and energy, it has expanded its scope to include technology-driven solutions with global impact, particularly in emerging markets.

Bill Gates, speaking during his visit to Abu Dhabi, highlighted the transformative potential of AI when applied responsibly to education systems under strain. He noted that advances in machine learning and language models can help teachers tailor lessons to individual students and identify learning gaps early, provided the technology is designed with clear safeguards and local realities in mind.

Education specialists caution that AI adoption in low-income settings carries risks if implemented without adequate oversight. Challenges include uneven access to electricity and connectivity, limited digital literacy among educators, and the potential for algorithmic bias when systems are trained on data that does not reflect local contexts. The partners say governance frameworks and pilot-based rollouts will be central to mitigating these risks.

The collaboration comes at a time when African governments are under pressure to modernise education systems while managing tight budgets and rapidly growing school-age populations. Multilateral lenders and philanthropic organisations have increasingly encouraged public–private partnerships to bridge funding and expertise gaps, particularly in technology deployment.

Abu Dhabi Finance Week has become a platform for such announcements, reflecting the emirate’s ambition to position itself as a hub for global capital addressing development challenges. ADQ’s involvement signals a model in which sovereign investors participate not only as financiers but as strategic partners shaping long-term outcomes.

People briefed on the initiative say initial programmes will focus on a select group of countries, working closely with education ministries to align AI tools with national curricula and policy objectives. Over time, successful models could be adapted across the region, with lessons shared among participating governments.

The Gates Foundation has previously stressed that technology alone cannot fix systemic issues in education, such as overcrowded classrooms or shortages of trained teachers. As a result, the partnership is expected to integrate AI solutions with broader reforms, including teacher training and data-informed policymaking.

Heavy rainfall across Dubai prompted authorities to urge residents to remain indoors as flooding alerts were activated across several neighbourhoods, disrupting transport, schooling and daily life while emergency teams moved to manage water accumulation on key roads.

Police and civil defence units said weather conditions had deteriorated rapidly overnight, with intense downpours leading to waterlogging in low-lying areas and reduced visibility on major arteries. Motorists were advised to avoid unnecessary travel, particularly near underpasses, tunnels and wadis, where runoff posed heightened risks. Schools in parts of the emirate shifted to remote learning, while several private institutions announced temporary closures after campus access became difficult.

The advisory underscored how Dubai urges residents indoors amid heavy rainfall, reflecting a coordinated response involving municipal services, transport authorities and utilities. Drainage pumps were deployed in multiple districts as crews worked to clear debris from stormwater grates. Electricity and water providers said services remained largely stable, though teams were on standby to address any outages caused by flooding or lightning strikes.

Meteorological officials attributed the rainfall to an active weather system drawing moist air across the region, producing prolonged showers and occasional thunderstorms. Forecasts indicated intermittent rain could persist through the day, with gusty winds and hail reported in isolated pockets. Authorities cautioned residents against venturing into flooded streets, stressing that even shallow water can conceal hazards and compromise vehicle control.

Public transport services adjusted schedules as a precaution. Portions of the road network experienced slow-moving traffic during peak hours, while ride-hailing operators reported higher demand as residents avoided driving. At the city’s airports, airlines warned of possible delays and advised passengers to check flight status before travelling. Ground handlers said operations were continuing with additional safety measures to manage wet runways and reduced visibility.

Dubai Municipality said its crisis management protocols had been activated, with field teams monitoring drainage performance and responding to citizen reports. The Roads and Transport Authority urged commuters to follow official updates and avoid sharing unverified information, noting that real-time advisories would be issued as conditions evolved. Health officials reminded residents to keep children indoors and to secure loose items on balconies and rooftops to prevent accidents during strong winds.

Urban planners and climate researchers note that extreme rainfall episodes are testing the resilience of cities built in arid environments. While Dubai has invested heavily in drainage infrastructure, the intensity and duration of storms can overwhelm systems designed for historically lower precipitation levels. Experts emphasise the importance of adaptive planning, including enhanced runoff capacity, permeable surfaces and improved forecasting integration to reduce disruption during severe weather.

Businesses across retail and hospitality sectors adjusted operations as footfall dipped in affected areas. Some malls delayed opening hours, while restaurants shifted to delivery-only service. Employers were encouraged to offer flexible work arrangements, particularly for staff commuting from flood-prone districts. Insurance providers reported an uptick in inquiries related to vehicle and property coverage, advising policyholders to document any damage once conditions allow safe inspection.

Apple is evaluating the assembly and packaging of iPhone chips in India as part of a broader effort to rebalance its global supply chain, with CG Semi emerging as a potential partner, according to people familiar with the matter and public disclosures by companies involved in India’s semiconductor push. The move would mark a deeper localisation step beyond final device assembly and signal confidence in India’s ability to host advanced backend semiconductor operations.

The discussions centre on outsourced semiconductor assembly and test, a critical stage that follows wafer fabrication and precedes integration into devices. Apple’s A-series and M-series chips are designed in California and fabricated by Taiwan Semiconductor Manufacturing Company. Packaging and testing have largely been concentrated in East Asia, with China playing a central role through specialised facilities. Shifting part of this work to India would reduce geographic concentration risk while aligning with policy incentives offered by New Delhi to attract high-value electronics manufacturing.

CG Semi, the semiconductor arm of CG Power and Industrial Solutions, has been positioning itself as a contender in this space through a joint venture with Japan’s Renesas Electronics and Thailand’s Stars Microelectronics. The consortium has outlined plans for an OSAT facility in Gujarat, supported by central and state incentives under the Semiconductor Mission. While timelines and customer commitments have not been formally disclosed, the venture has been presented by partners as targeting advanced packaging for automotive and consumer electronics chips, an overlap that fits Apple’s requirements.

People tracking the talks caution that Apple’s evaluation remains exploratory. The company typically subjects suppliers to multi-year qualification processes covering yield, reliability, intellectual-property safeguards and environmental standards. Any decision would depend on CG Semi’s ability to meet Apple’s exacting specifications at scale and to integrate with the existing manufacturing ecosystem that includes contract assemblers such as Foxconn and Tata Group entities already producing iPhones in India.

India’s pitch rests on a combination of incentives and momentum. Production-linked incentive schemes have helped lift smartphone assembly volumes, with Apple accounting for a growing share of exports. The government has since widened support to semiconductors, offering capital subsidies, infrastructure backing and fast-tracked approvals. Backend operations are viewed as a pragmatic entry point, requiring lower capital expenditure and shorter build times than wafer fabs, while still delivering skilled jobs and technology transfer.

Industry analysts say Apple’s interest reflects a global trend among chip designers to diversify OSAT footprints amid geopolitical tensions and supply disruptions. Packaging has become more complex as chips move to advanced nodes and heterogeneous integration, raising the strategic value of reliable partners. “Advanced packaging is no longer a commodity step; it’s a differentiator,” said one semiconductor consultant who advises multinational clients on Asia manufacturing strategies. “Design houses want redundancy without sacrificing quality.”

For CG Semi, an Apple engagement would be transformative. CG Power, part of the Murugappa Group, has roots in electrical equipment rather than semiconductors. Its partnership with Renesas brings process know-how and credibility, while Stars Microelectronics contributes OSAT experience from Thailand. Securing a marquee customer would accelerate learning curves and help anchor a local supplier network for substrates, testing equipment and specialised chemicals.

There are constraints. India’s semiconductor ecosystem remains nascent, with gaps in materials, talent depth and logistics that could challenge tight production schedules. Power reliability, water availability and customs efficiency are under scrutiny by global manufacturers. Apple has previously paused or redirected supplier plans when execution risks appeared elevated, underscoring the need for consistent policy implementation at the state level.

Apple has not commented publicly on specific supplier discussions. CG Power has also refrained from naming potential customers, reiterating in filings that its semiconductor venture is at a development stage. Officials involved in the Semiconductor Mission have said backend projects are progressing and that customer announcements will follow commissioning milestones.

Dubai Airports has kicked off what executives describe as one of the most extensive winter flight programmes in its history, as Dubai International and Dubai World Central – Al Maktoum International roll out new airline services, increased frequencies and expanded connectivity to capitalise on sharply rising travel demand. Airlines from Europe, Central Asia and the wider region are boosting capacity, while direct traffic now makes up more than half of passenger movements at DXB, a marker of strong point-to-point travel confidence that underpins the broader network growth.

The winter schedule enhancements come as carriers add new routes and upgrade equipment, signalling robust airline confidence in Dubai’s appeal as an international hub. FlyArystan has joined DXB’s network with twice-weekly flights from Aktau, Kazakhstan, and Austrian Airlines has reinstated five weekly services from Vienna, reflecting growing European engagement. Virgin Atlantic has deployed its larger A350-1000 aircraft on flights into Dubai, increasing seat capacity significantly, and British Airways has restored Airbus A380 operations from London Heathrow, reinforcing transcontinental connectivity. These moves underscore the increasing demand for direct travel to and from Dubai across key long-haul markets.

Connectivity from South Asia and the Middle East is also strengthening, with Varesh Airline initiating twice-weekly flights from Sari, Iran, and Fly Jinnah adding twice-weekly services from Lahore, enhancing point-to-point traffic flows that traditionally surge during the winter travel period. Saudi Arabia continues to be a pivotal market for both airport hubs, remaining DXB’s second-largest country market by passenger share, with combined traffic across DXB and DWC reaching millions of passengers and marking a year-on-year increase. At DWC, passenger numbers have grown sharply, reflecting its rising importance as a complementary gateway within Dubai’s aviation landscape.

DWC’s strategic role has expanded markedly as airlines take advantage of its available capacity to broaden their offerings alongside DXB operations. The airport recorded a substantial rise in passenger volumes over the year and has seen notable increases in cargo and aircraft movements, pointing to broader growth in both passenger and freight activities. Eurowings has played a significant role in this growth, launching a daily service from Stuttgart to DXB, operating a thrice-weekly service from Düsseldorf into DWC, and increasing frequencies to Berlin, Cologne and Hannover, including its Premium Bizclass product on select services.

Dubai Airports’ research leadership highlights this period as pivotal for the sector, emphasising that the breadth of the winter network reflects evolving travel patterns and confidence from airline partners. Direct traffic growth across both airports is attributed to a mix of inbound tourism, outbound resident travel and medium-term relocations, illustrating a diversified demand base that supports sustained connectivity expansion.

Industry observers point out that Europe and Central Asia have been particularly dynamic contributors to the uplift in capacity. FlyArystan’s entry into the market and Austrian Airlines’ service reinstatement exemplify the shifting landscape of global travel demand, with carriers recalibrating their networks to capture increased passenger flows. At the same time, regional carriers are leveraging expanding demand from neighbouring markets, reinforcing Dubai’s position as a central aviation node connecting different parts of the world.

Capacity enhancements on existing routes are another hallmark of this winter schedule. Carriers such as Virgin Atlantic and British Airways have not only increased frequency but also introduced larger, more efficient aircraft to meet peak season travel. This reflects a broader industry trend toward optimising fleet deployment on high-demand city pairs, balancing cost efficiency with passenger comfort.

While the expanded passenger schedule captures much of the spotlight, cargo operations have also seen parallel growth, particularly at DWC where infrastructure and available slots have encouraged carriers and freight operators to scale up activities. Cargo volumes have continued to rise alongside passenger growth, underscoring the dual role of Dubai’s airports as critical hubs for both people and goods movements.

Airport officials note that the broader travel ecosystem — including international business events, sports fixtures, cultural festivals and holiday travel — continues to stimulate demand, complementing the seasonal drivers that historically shape winter travel patterns. This diversified demand mix has provided airlines with a degree of resilience as they invest in expanded services and plan capacity well into the year ahead.

Oman’s sovereign wealth fund arm ITHCA Group has entered a strategic investment partnership with Saudi Vision Venture Capital, marking a significant step in Muscat’s efforts to deepen the funding pool and regional reach available to start-ups based in the sultanate. The agreement is designed to give Omani founders structured access to the Saudi investment ecosystem, one of the largest and fastest-growing venture capital markets in the Middle […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
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