AI-related investments in the UAE this week add to signs that the US is using access to AI technologies to take the Gulf economies away from China’s sphere of influence. It may also reflect the relatively low cost of energy in the Gulf for energy hungry data centres. Elsewhere, fresh capital inflows from a deal signed between Qatar’s state-owned real estate firm and Egypt will help to ease Egypt’s external strains, although it remains key for Egypt to pass reforms and keep the IMF on board.
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