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Semafor World Economy

Kelsey Warner

Kelsey Warner

Reporter

Email Kelsey

Sign up for Semafor Gulf: Navigating the region’s capital, influence, and power.

Atlantis Dubai offers free waterpark access amid tourism hit to Gulf

The goodwill gesture comes less than two weeks after an Iranian drone struck the Fairmont The Palm hotel roughly three miles away, injuring four people.
A picture taken on February 25, 2021, shows a view of the The Palms Aquaventure waterparks in Dubai. Karim Sahib/AFP via Getty

Kuwait exit permits can trap expats fleeing war

Foreign residents are required to apply for exit permits from their employers in order to leave the country.
A drone view shows Kuwait City.Stephanie McGehee/Reuters

Abu Dhabi’s Judan buys major stake in US AI investor

Judan will have a 50.1% stake in Alpha Wave Global, a Miami-based alternative asset manager and investor in Anthropic, OpenAI, and SpaceX.
An OpenAI logo.Dado Ruvic/Illustration/Reuters

Love letters to UAE provide antidote to derision

The essays have provided an alternative to the Schadenfreude that has tinged some international coverage of wartime Dubai.
People watch the sun set over Dubai. Amr Alfiky/Reuters.

Gulf AI infrastructure faces its first stress test

Amazon’s cloud-computing facilities in the Middle East suffered power and connectivity issues on Sunday.
Amazon web service signage.Kylie Cooper/File Photo/Reuters

UAE’s pandemic response a good test case for current crisis, executive says

A logistics expert offers a reassuring message on the flow of food and necessities to the Emirates amid massive uncertainty.
People sit on motorbikes in the traffic, after an Iranian attack in Dubai. Amr Alfiky/Reuters.

G42’s bot recruiting is step toward the UAE’s AI-first future

With only 1.3 million citizens, augmenting human work is not just a shareholder necessity, but a question of survival.

Gulf states bet on AI investment to secure US backing

As the Gulf waits for Trump’s next move on Iran, amid a prodigious buildup of US forces in the region, the argument for AI-as-protection is an untested one.

Saudi relaxes rules for foreign companies to establish headquarters in the country

Saudi Arabia began blocking foreign companies without a regional headquarters in the kingdom from bidding for government contracts two years ago, but it’s now becoming more flexible.

Finstreet sees UAE as crossroads in private capital boom

The fintech startup is hoping to tap into $600 billion in private assets seeking exits across Asia, Europe, and the Middle East, its CEO told Semafor.

Abu Dhabi’s G42 to build supercomputer for India

At 8 exaflops of capacity, the project makes it competitive with the world’s leading supercomputers.

Saudis display mixed signals toward Israel in new survey

In a new survey of 15 Arab countries, Saudis appeared to be the least opposed to the idea of recognizing Israel.

UAE joins $700M plan to lay internet cable to Türkiye through Iraq

The project signals that the network for transferring data across the Middle East is becoming more robust.

Saudi’s HUMAIN invests $3B in Elon Musk’s xAI

It’s the Saudi AI champion’s splashiest direct investment yet.

Abu Dhabi’s MGX talks AI investment strategy, deal access

Having powerful principals in Sheikh Tahnoon bin Zayed and Mubadala chief Khaldoon Al Mubarak helps, as does a New York office staffed with venture and private equity veterans.

Plans for first Gulf casino boost UAE luxury developer RAK

Plans for the Gulf’s first casino, in the once-sleepy emirate of Ras Al Khaimah, have been a boon for RAK Properties.

‘No problems’ in UAE, one third of residents say

The Emirates has largely shrugged off the economic uncertainty which topped people’s concerns globally, according to a new Gallup survey.

Dubai taps Musk’s company Boring Co. to ease gridlock

The Dubai Loop is a planned underground mass-transit system using Tesla cars traveling along dedicated tunnels.
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