Business & Investments

Sukoon Secures UAE Mainland Fund Administrator License

SUKOON SECURES UAE MAINLAND FUND ADMINISTRATOR LICENSE FROM CMA TO OFFER ALTERNATIVE EOSB SAVINGS SCHEME

June 2nd, 2026

Dubai, United Arab Emirates (UAE)

Sukoon Insurance PJSC (“Sukoon”) has announced that it has officially received its mainland fund administrator license from the Capital Market Authority (CMA), establishing Sukoon Workplace Savings Solutions Fund Administrator LLC (SWSSFA) in the United Arab Emirates (UAE).

This milestone will firmly position SWSSFA to offer administration services in relation to workplace savings scheme and support the development of Alternative End-of-Service Benefits scheme in the UAE.Furthermore, through this entity, Sukoon stands out from the market by being able to provide a truly comprehensive suite of employee benefits solutions addressed to UAE corporates.

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Technologies

Core42 Expands AI Infrastructure in New York

Core42 Advances U.S. AI Infrastructure Strategy with expanded New York Deployment

Core42 has expanded its Buffalo AI cluster from 18MW to 60MW, adding 42MW of AI compute capacity in the United States and further strengthening its global AI infrastructure footprint.

Talal M. Al Kaissi, Chief Executive Officer, Core42 (A G42 Company)

  • Core42 has expanded its Buffalo AI cluster from 18MW to 60MW, adding 42MW of US AI compute capacity.
  • The expansion adds NVIDIA and AMD capacity to the site’s existing AMD foundation, reinforcing Core42’s broader heterogeneous AI infrastructure strategy.
  • “Maximus”, the existing AMD deployment, ranked No. 20 on the TOP500, validates Core42’s ability to deliver high-performance AI infrastructure at global scale.


02 June, 2026, Abu Dhabi, United Arab Emirates: Core42, a G42 company specializing in sovereign cloud and AI infrastructure, today announced a 42MW expansion of its U.S. AI infrastructure at the Lake Mariner site in New York, increasing total site capacity from 18MW to 60MW of high-performance AI production infrastructure.

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Sports & Recreations

Tatler Padel Series 2026: Asia’s First Premium Tournament

Tatler Partners with Standard Chartered and Club Med to Launch Asia’s First Premium Padel Series

The UAE is the only Middle East market to be included in the tournament

Dubai, 2 June 2026 – Tatler Asia is proud to announce the launch of the Tatler Padel Series 2026, marking a significant milestone as Asia’s first premium padel tournament. Spanning six months, the series will travel across major hubs in the region, offering a dynamic platform for competition and connection through the fast-growing sport of padel. The event is proudly supported by its regional partners, Standard Chartered as the Presenting Sponsor and Club Med as the Official Lifestyle Partner. The United Arab Emirates is the only Middle East market to be included in the tournament.

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Business & Investments

MENA Investor Conference 2026: Opportunities and Challenges

Nahyan bin Mubarak to Inaugurate Arqaam Capital’s 13th Annual MENA Investor Conference in Dubai on Wednesday

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DUBAI, UNITED ARAB EMIRATES — 2 June 2026 – H.E. Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, will inaugurate Arqaam Capital’s 13th Annual MENA Investor Conference on Wednesday, 3 June 2026, at The Ritz-Carlton, DIFC, Dubai. The conference will convene regional and global investors, listed corporates, policymakers, economists and market leaders to discuss the future of capital markets across the Middle East and North Africa.

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Featured, Technologies

Magna AI and Partners Boost Sovereign AI in Southeast Asia

Magna AI, Global Telecommunications and Zchwantech Announce Strategic Collaboration to Accelerate Sovereign AI Infrastructure Across Southeast Asia

02 June 2026, Riyadh, KSA:Magna AI, Inc., the global integrated‑value‑chain sovereign AI transformation leader established through a partnership between Trend Micro and Wistron Digital Technology Holding Company (WDH), in strategic collaboration with NVIDIA, today announced the signing of a Memorandum of Understanding (MoU) withGlobal Telecommunications Sdn. Bhd., a Malaysian infrastructure technology company, and Zchwantech Cybersecurity Sdn. Bhd., a trusted Malaysian provider of security assurance and cyber resilience solutions, at Computex 2026 in Taiwan.

Magna AI, Zchwantech, and Global Telecom sign an MoU agreement at Computex 2026

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