Monthly Archives: May 2026

Business & Investments

Nvidia earnings jump 85% as revenue hits USD$81.6bn

Abu Dhabi, United Arab Emirates – May 21, 2026: Nvidia has done it again, beating on the top and bottom line and guiding the current quarter well above Wall Street estimates, yet the share price barely moved. That tepid reaction has become the new normal for the world’s most valuable company, and it tells us exactly how high the bar has been set in the AI trade.

According toJosh Gilbert, Lead Analyst, Middle East at eToro:Revenue of USD$81.6 billion was up 85% on the same quarter last year, with the all-important data centre business pulling in USD$75.2 billion, growth of 92%. For a company of this size to still deliver that level of growth is staggering. Guidance for the July quarter came in at around USD$91 billion, comfortably ahead of the USD$87 billion consensus, while management lifted the quarterly dividend to 25 cents from 1 cent and authorised another USD$80 billion in buybacks. The buyback and dividend hike show that Nvidia wants to keep shareholders on side, even as the eye-watering share price gains of recent years become harder to repeat.

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Education

BITS Pilani Dubai Career Fair: Connecting Students and Employers

BITS Pilani Dubai Campus Connects 400+ Students with 80+ UAE Recruiters at 11th Annual Career Fair

  • 51% of participating students shortlisted, with several attracting interest from multiple employers
  • Career Fair strengthens UAE industry-academia collaboration and connects students with leading employers
  • Annual initiative supports the UAE’s growing demand for future-ready talent across sectors

Dubai, UAE: Reinforcing its role in developing future-ready talent for the UAE workforce, BITS Pilani Dubai Campus hosted the 11th edition of its Annual Career Fair, bringing together more than 80 recruiters and over 400 students from first and higher degree engineering and management programmes. With over 60 companies participating onsite and 20+ recruiters joining virtually, the event delivered strong outcomes, with 51% of participating students shortlisted by at least one company and several attracting interest from multiple employers.

The Career Fair featured leading UAE and international employers across technology, logistics, retail, e-commerce, consulting and engineering, including Danube Properties, Aramex, Lulu Minutes by Lulu Group, Help AG by e&, Jacky’s Group and ESAB Middle East. Their participation reflected growing confidence in locally educated talent and the role of universities in supporting the UAE workforce ecosystem.

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Technologies

84% of GCC Firms Use AI, Only 11% See Business Impact, Snowflake Finds

Snowflake’s Data for Breakfast event spotlights path from AI adoption to enterprise impact in Middle East

Dubai, UAE, 21 May 2026: Snowflake, the AI Data Cloud company, brought together data and AI leaders from across the Middle East at its flagship Data for Breakfast event to explore how enterprises can deploy agentic AI through trusted data foundations. As UAE and KSA organisations accelerate enterprise AI adoption, the event addressed a growing regional priority of moving beyond pilots and building governed, scalable systems that are capable of delivering measurable business impact.

Michel Nader, GM for Middle East, Turkey & Africa, Snowflake

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Featured, Technologies

UAE’s Vision for AI: Transformational Leadership at HBS Forum

HBS Club of GCC’s Forum on Agentic AI Transformation Organized with KeystoneConvenes Regional Leaders fromPublic, Private Sectors

Themed, ‘Growing in Unity’, the forumfocused on Agentic AI leadershipwas opened by H.E. Mohamed Bin Taliah, Assistant Minister of Cabinet Affairs for Government Knowledge Exchange Affairs

DUBAI; UAE, 21 May 2026:

The Harvard Business School Club of the GCC, in collaboration with Keystone, hosted Growing in Unity: AI & Transformational Leadership in Practice,on Monday 18th 2026 evening at the Park Hyatt Hotel, Dubai, convening top UAE government officials, enterprise leaders, academics, and Harvard Business School alumni for a landmark conversation at the intersection of Agentic AI and transformational leadership.

The event, inspired by His Highness Sheikh Mohammed Bin Rashed Al Maktoum’s vision to make the UAE the first government globally to operate with 50% of government sectors, services, and operations run on autonomous AI agents, held in the spirit of the UAE’s Year of Family, bringing together senior figures from government, the private sector, and academia to explore how GCC organisations can harness AI not only for operational performance but to strengthen the human foundations that make sustainable growth possible.

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Technologies

Core42’s $550M Funding to Drive AI Cloud Development Across US & Europe

Core42 Raises USD 550 million from HSBC to Scale Global AI Infrastructure

UAE-headquartered AI infrastructure operator strengthens capital base to scale cloud and compute deployments across the United States and Europe

21May, 2026, Abu Dhabi, United Arab Emirates:Core42, a G42 company specializing in sovereign cloud and AI infrastructure, today announced the successful arrangement of two structured trade financefacilities (“the facilities”)amounting toUSD550million with HSBC to accelerate its AI cloud and compute deployments across the United States and Europe. The facilities of USD240 million and USD310 millionwere completedinFebruary 2026 and May 2026 respectively.

Neha Gupta, Chief Financial Officer, Core42

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