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Semafor Gulf
🟡 Semafor Gulf: Birds of prey
In today’s edition: Saudi seeks AI partners, a $320,000 bird, and how the caviar makes it to first class on Emirates.
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Emirates makes caviar a competitive advantage among Gulf airlines
Emirates faces competition not just from Gulf rivals but also from private jets, which offer privacy and the hassle-free convenience of small airfields.
Courtesy of Emirates
Record-breaking falcon sells for $320k in Saudi
Falcons and other birds of prey are coveted in the Gulf, and like other animals, are considered cultural heritage and prized assets.
Courtesy of the Saudi Press Agency
Abu Dhabi’s BlueFive Capital partners with Chinese PE firm
The two firms have formed a new fund to invest in companies working in advanced manufacturing, consumer goods, and green energy.
VCG/VCG via Getty
Riyadh Metro reaches 100 million riders
The world’s longest driverless train network has defied initial doubts that it would be a passing fad.
Courtesy of the Saudi Press Agency
Abu Dhabi asset manager Lunate nabs hedge fund stake
The deal with Brevan Howard also includes $2 billion for a new platform.
An aerial view of ADGM. Courtesy ADGM.
PIF’s AI unit HUMAIN has already sold out its data center capacity
HUMAIN is building new data centers and planning to raise money to fuel investments in AI startups.
Courtesy of HUMAIN
Lawmakers eye vehicle for Syria sanctions relief
Sen. Jeanne Shaheen, D-N.H., and Rep. Joe Wilson, R-S.C., met with Syrian President Ahmad al-Sharaa on a Middle East swing.
Qatari sheikh pledges to invest billions in African countries
A Qatari sheikh has been jetting across Africa, pledging investments that dwarf some of the target countries’ GDPs.
Relic from early Christianity surfaces on Abu Dhabi island
The find is being touted by the emirate’s tourism authority as evidence that peaceful coexistence among the faithful is not a new thing in the UAE.
UAE premium grocer Spinneys expands in Kuwait
Regional grocery chains in the Gulf have struggled in the past year amid rising competition from online-only outlets.
Kuwait shuts down newspaper critical of the government
Kuwait is in the midst of a regulatory overhaul, which has been accompanied by the purging of thousands of citizenships the government says were obtained illegally.
Oman joins Gulf’s golden visa push to attract foreign capital
The country follows Bahrain and the UAE in launching the scheme, which offers visas to investors who put at least 250,000 Omani rials into certain sectors of the economy.
Abu Dhabi’s TAQA inks $1.2B deal for Spanish water company
The emirate’s government-backed firms are accelerating a global acquisition spree in search of a more international footprint.
Controversial US comics given major platform in Riyadh
Dave Chappelle, Louis C.K., and Andrew Schulz are on the bill for the the Riyadh Comedy Festival next month.
Semafor has removed this story
Semafor has removed this story. The information it was based on — a story by another outlet based on an interview with Space42’s CEO — was incorrect.
Kuwait unveils revised Vision 2035 economic plan
The plan aims to speed up the delivery of critical infrastructure projects and reduce reliance on the state budget by attracting foreign capital.
Gordon Ramsay to open new Saudi culinary academy
The Michelin-starred Brit will open his first academy by the end of the year, with branches planned in Riyadh, Jeddah, and Al Khobar.
UAE adds newborns to major genome project
The UAE hopes to address the global gaps in Arab-descent mapped genomes while also tackling public health issues.