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2026-09-23T07:56:29.916Z

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Trump's speech tests power and dealmaking

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Trump's speech tests power and dealmaking

Copper drops from record highs amid profit-taking

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Copper drops from record highs amid profit-taking

EU proposes releasing 4.2 billion euros to Hungary

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18 Hrs2026-09-23T13:54:00.000Z
EU proposes releasing 4.2 billion euros to Hungary

Standard Chartered Predicts Oman 3.5% Growth in 2026/2027

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UAE Govt Sukuk yields 5.06% for individuals

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UAE Govt Sukuk yields 5.06% for individuals
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Alibaba extends AI data centers to Europe and Middle East

Alibaba extends AI data centers to Europe and Middle East

Alibaba Group is significantly expanding its data centers for artificial intelligence and cloud computing across Europe and the Middle East, with the goal of building a global infrastructure capable of 20 gigawatts by 2032. Its plans include establishing the first cloud centers in Turkey, Finland, and the Netherlands within the next 12 months, along with expanding its presence in Malaysia, Germany, the United Arab Emirates, France, and Hong Kong to enhance local capabilities. These developments coincide with the company's release of the most powerful AI chips in China and training models containing between 5 trillion and 10 trillion parameters, aiming to directly compete with Western companies like Amazon and NVIDIA. The company expects its cloud services revenue to exceed $160 billion. These plans also align with Chinese government efforts to boost technological advancement, amidst American criticism over alleged unlicensed copying of AI technologies.

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