SoftBank is said to raise $3b loan

Vision Fund raised a $3 billion (Dh11 billion) loan from banks including Goldman Sachs Group Inc to help bridge funding gaps in deals, according to two people with knowledge of the matter. Goldman Sachs along with Mizuho Financial Group Inc led the so-called capital call facility, said the people, asking not to be identified because […]

American tech giant AT&T joins alliance formed by UAE’s Etisalat, other telcos to boost cybersecurity

Dubai: The Global Telco Security Alliance, formed by a collection of telcos that includes Etisalat, said on Wednesday that it would add AT&T, the US telecommunications giant, as an equal member in the group. The alliance was formed in April 2018 by Etisalat, Singtel, SoftBank and TelefĂłnica. Claiming to offer companies information and advice on […]

Dubai government launches AI think tank with EY

Dubai: The government of Dubai launched on Wednesday a new think tank to develop its use of artificial intelligence (AI), partnering with consultancy EY to run a series of roundtables, workshops and panel discussions. At the event, Omar Sultan Al Olama, the UAE Minister of State for Artificial Intelligence, spoke of the active role the […]