Britain’s trade deal with six Gulf Cooperation Council countries is reportedly “almost done” following Chancellor Rachel Reeves’ diplomatic mission to Saudi Arabia. The agreement could provide crucial economic momentum ahead of the November 26 Budget.
Saudi Arabia aims to leverage its energy surplus to become an AI data center powerhouse. But turning this vision into reality faces significant infrastructure and geopolitical hurdles that demand critical examination.
Goldman Sachs is launching a dedicated private wealth management team in Saudi Arabia, according to reports. The expansion aims to serve the region’s growing population of high-net-worth individuals as the kingdom diversifies its economy beyond oil.
Goldman Sachs is establishing a specialized private wealth management team in Saudi Arabia, according to reports from Reuters. The move represents a significant expansion of the investment bank’s Middle East operations as it seeks to capitalize on the region’s growing population of high-net-worth individuals.
A new AI startup founded by Scale AI veteran Bilal Abu-Ghazaleh has raised $9 million in seed funding to tackle operational inefficiencies in critical Middle Eastern industries. 1001 AI is developing an AI-native operating system specifically designed for aviation, logistics, and construction sectors across the MENA region. The platform aims to automate complex decision-making processes in physical operations that reportedly account for billions in regional inefficiencies.
1001 AI, a startup developing artificial intelligence infrastructure for critical industries across the Middle East and North Africa, has reportedly secured $9 million in seed funding according to recent reports. The round was led by prominent venture firms CIV, General Catalyst, and Lux Capital, with participation from global and regional angel investors including Chris Ré, Amjad Masad of Replit, and members of prominent Gulf business families.
