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Abu Dhabi’s state investor Mubadala has invested in Yondr Group, a London-based data centre developer, marking its latest move into a sector expected to benefit from rising demand for cloud services and artificial intelligence (AI).

Dubai-based property giant DAMAC Group has bolstered its investment in the thriving artificial intelligence (AI) sector through a $50m deal with Anthropic. The conglomerate has also made substantial investments in xAI, an American AI startup founded by Elon Musk, and Mistral, a French AI firm.

The Ministry of Investment in the UAE and the Ministry of Electronics & Information Technology in the Republic of India have agreed on a Memorandum of Understanding, outlining plans for increased cooperation in the digital infrastructure sector.