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Home > Latest

Lates News

date
24/09/2026
Microsoft (MSFT.O) plans to invest $400 million in the Middle East by 2030 for submarine and terrestrial connectivity.
Latest
8 m ago
Microsoft (MSFT.O) President: Now is the best time to invest in the Gulf countries.
11 m ago
Microsoft (MSFT.O) announced it will invest an additional approximately $2 billion in the Middle East Gulf region, marking the company's first update on its business footprint in the area since the outbreak of the U.S.-Iran conflict. Microsoft said it will invest $10 billion by 2030 in four Gulf countriesSaudi Arabia, Kuwait, Qatar, and the UAEincluding the $7.9 billion investment plan for the UAE announced last year. Microsoft President Brad Smith said the new investment will go toward cloud computing operations, artificial intelligence, and data center operations, including capital expenditures and operating expenses. About $400 million of that will be used for submarine cables and related infrastructure to enhance network resilience and data transmission capacity. Microsoft previously also invested $1.5 billion in UAE technology company G42 and participated in the construction of local AI data centers. However, during the Iran conflict, multiple data centers were affected, and Amazon recently disclosed that some data in certain damaged facilities in the UAE and Bahrain could not be recovered.
19 m ago
Wednesday (September 23), the Federal Reserve's overnight reverse repurchase agreement (RRP) usage scale was $461 million.
30 m ago
The U.S. 5-year Treasury yield rose above 5% for the first time since 2007.
32 m ago
The U.S. 5-year Treasury yield rose further after the auction, recently up 19.04 basis points at 5.032%.
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