Amazon, Alphabet and Microsoft are expected to spend nearly $580bln on AI this year, with investors looking for stronger returns from their cloud businesses. Google Cloud led growth at 82% last quarter, ahead of Azure at 42% and AWS at 37%, putting pressure on tech giants to prove that rising AI investments are translating into revenue.
PROPERTY
Nakheel has awarded a contract worth over AED 950 million for 617 homes at Bay Grove Residences on Dubai Islands, bringing total construction awards for the development to more than AED 1.75 billion across 1,154 planned homes.
money
Masdar has agreed to acquire and develop a 550+ MW solar project in Greece from Lightsource bp, with operations expected by the end of 2026. The project will power over 200,000 homes annually, with plans to integrate battery storage. A separate partnership with Khazna Data Centers will explore clean energy solutions to support Greece’s growing digital infrastructure.
Egypt is moving closer to launching short selling as the Financial Regulatory Authority introduces a model agreement governing securities borrowing, collateral requirements and risk management. The centralized lending system operated by MCDR is undergoing live testing ahead of its anticipated launch, with the framework designed to protect market participants and standardize transactions.
lifestyle
Kanebridge News - Investing In Your Best Life
