Sovereign wealth fund ADIA optimistic on equities, private credit after turbulent 2022

Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) said it was optimistic about public equities for 2023 after last year’s market rout, driven by high inflation and rising interest rates,  weighed on stocks’ valuations, making them more attractive. The fund was also looking at opportunities in the private credit market, as banks become more cautious […]

US-based Forcepoint with AWS to open data center in Dubai

Forcepoint, an American multinational corporation software company, has formed a partnership with Amazon Web Services (AWS) to open a new data center in Dubai as part of the continued expansion of its Data-first Secure access service edge (SASE) platform services in the Middle East. Forcepoint’s Data-first SASE approach to cloud-delivered security and connectivity focuses on […]

UAE’s Khazna to enter Egyptian market with Benya through $250mln investment

Khazna Data Centers, headquartered in the UAE, unveiled its plan to enter the Egyptian market with Benya Group through an investment worth $250 million to build a state-of-the-art data centre which will be Egypt’s first hyper-scale data centre. The project will be built at the Maadi Technology Park, the first specialised investment zone in Egypt, […]

Benya Group, UAE’s Khazna to build $250mln hyperscale data center in Egypt

The digital solutions provider Benya Group has signed a memorandum of understanding (MoU) with the UAE-based wholesale data center provider Khazna Data Centers to build a 25-megawatt (MW) hyperscale data center at Maadi Technology Park with $250 million in investments, the General Authority for Investment and Free Zones (GAFI) stated on May 5th. As the […]