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Nvidia (NVDA) and OpenAI are partnering with the UAE to build a new AI data center, one of the biggest in the world, according to a Friday report. Nvidia, Cisco, and OpenAI are supporting the “UAE Stargate” artificial intelligence data center, announced this week. The data center will collaborate with the AI infrastructure project of the same name in the U.S. JUST IN: NVIDIA and OpenAI partner with UAE to help build one of the world's biggest AI data centers. pic.twitter.com/UydebEMEgX — Watcher.Guru (@WatcherGuru) May 16, 2025 US President Donald Trump announced the US’s new AI infrastructure project earlier this week in a move to continue AI development in the country. While touring several big Middle Eastern nations, Trump has been working to bring new funding to the US, while projects like new AI data centers are a big outcome of these new investments. Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son, and Cisco President Jeetu Patel...

As the BRICS bloc looked to continue buying the metal, the United Arab Emirates (UAE) has become the second-largest gold hub in the world. Indeed, the country is looking to advance its position and eventually be the top “alternative” to traditional gold trade centers, according to a new report. Throughout 2024, the BRICS bloc has ramped up its efforts to acquire the asset. Many believed it was connected to its continued de-dollarization efforts, as it sought to lessen reliance on the US dollar. Those efforts have paid off, as one of its member nations has become a key player in the global gold trade market. Source: Reuters Also Read: Four New Countries Show Interest in Joining BRICS Alliance, But Who Are They? UAE Looks to be Global Gold Hub Amid BRICS Currency Shift This year had proven to be one of the biggest years for gold as an investment. Since December of 2023, the metal has continually set all-time highs and landmark price records. The highest mark was set on October...

BRICS members UAE and China settled a cross-border transaction on Monday using the new Digital Dirham sidelining the US dollar. This is the first-ever transaction made directly to China from the UAE using the new mode of payment with the Digital Dirham . The direct trade settlement was initiated by the UAE through the ‘M Bridge’ platform making ways for BRICS to end reliance on the US dollar through digital methods. Also Read: BRICS: Russia Building New Payment System Without U.S. Dollar The UAE Central Bank initiated the Digital Dirham payment to China amounting to Dh500 million, which is equivalent to $136 million. Shaikh Mansour conducted the historic transaction directly to China showcasing the ‘M Bridge’ payment platform. The live trade settlement was also attended by the UAE’s Central Bank officials and graduating students comprising 1,056 Emiratis. The development indicates that the UAE is ushering in a new era of digital payments. Also Read: BRICS Expansio...

The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3. Saudi Arabia has ramped up its economic diversification efforts driven by its ambitious Vision 2030.  In a bid to diversify its economy away from a dependence on oil, the kingdom has embraced emerging technologies, such as blockchain and artificial intelligence (AI), and tapped into booming markets like gaming. But while the country has yet to leave a significant mark in the global game and AI development, the ripples of its investments in the gaming sector could extend far beyond — at least, that’s what Web3 experts say. “Based on our work and communications that we have, Saudi [Arabia] is very, very interested in Web3,” Animoca Brands co-founder Yat Siu told Cointelegraph. Given the kingdom’s partnerships with entities such as The Sandbox and even Animoca, Siu sees that there’s an effort from Saudi to venture into the new iteration of the internet. The executive...

Binance is now officially allowed to offer crypto services to institutional and qualified retail investors in Dubai. Major cryptocurrency exchange Binance has reached another milestone in relationships with regulators in the United Arab Emirates by winning a new license in Dubai. Binance’s Dubai-based subsidiary, Binance FZE, has obtained the Operational Minimum Viable Product (MVP) license from Dubai's Virtual Asset Regulatory Authority (VARA), the firm announced on July 31. The new license officially allows Binance to operate two activities, including cryptocurrency exchange services and virtual asset broker-dealer services. The services enabled by the license are currently limited to institutional and qualified retail investors in Dubai, Binance noted. Eligible investors in Dubai will now be able to access authorized services like crypto-to-fiat exchange compliant with the intergovernmental Financial Action Task Force (FATF). “Institutions and residents that qualify to use the ...

The Asian crypto market is thriving. This region is home to 35% of the global crypto workforce. The two most populous nations, India and China, are currently in the lead, followed by Singapore. These three Asian nations roughly employ around 29,400 people out of a total of 65,900. Hong Kong, South Korea, and Indonesia stood right behind, accounting for 5%-10% each. The UAE, Australia, Turkey, and Thailand were at the bottom of the ladder. The remaining countries, together, accounted for 21%. Binance, OKX, and Crypto.com emerged as the top employing organizations. Collectively, their workforce consisted of around 8,300 Asian employees. Source: K33 Research Also Read: India: BlackRock, Jio to Launch Digital Asset Venture Making a Case for Singapore Several nations from the list are deemed to be crypto hubs in the global economy. Take the example of Singapore. Right from Ripple to Crypto.com, a host of prominent companies have been receiving licenses from the Monetary Autho...