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Gulf Today Report
Microsoft Corporation sets to invest $1 billion over the next five years in Malaysia for setting up data centres, announced Malaysia’s PM on Monday.
In February, Malaysia gave conditional approvals for Microsoft, Google, Amazon and Telekom to set up hyper-scale data centres and provide cloud services.
The announcement comes after Malaysia recorded a 68% decline in foreign direct investment (FDI) last year, the biggest decline in Southeast Asia.
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Malaysia describes itself as an investment destination, it is scouting for incentives to help attract more FDI, added the finance minister.
It has said the investments from these cloud service providers will total between 12 billion ringgit and 15 billion ringgit ($2.91 billion-$3.64 billion) over the next five years.
Swedish solar energy company Azelio has partnered with Abu Dhabi Future Energy Company (Masdar) and Khalifa University of Science and Technology (KUST) to run a pilot project evaluating new technology in power storage.
DUBAI: Kuala Lumpur’s new representative to Dubai and the Northern Emirates, Consul General Mohammad Hasril Abdul Hamid on Monday unveiled the latest Japanese beverage, produced in Malaysia, to help meet the health needs of the GCC market.
German health group Siemens Healthineers said on Sunday it was buying Varian Medical Systems Inc of the United States for $16.4 billion in a deal that seeks to create the global leader in cancer care solutions.
The neighbours are also putting in place travel arrangements for their residents who hold long-term immigration passes for business and work in the other country, their foreign ministries said in a joint statement.
Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, visited the pavilion of Ukraine in the Opportunity District at Expo 2020 Dubai,
Dubai Airport Freezone Authority (Dafza) is bolstering its efforts to attract direct foreign investments in Dubai and support foreign companies in establishing business in the Emirate,
The total value of the UAE’s foreign trade in the past five decades amounted to some $9.32 trillion (Dhs34.23 trillion), according to the United Nations Conference on Trade and Development (UNCTAD).
DP World’s flagship Jebel Ali hub including Jebel Ali Port and Jebel Ali Free Zone (Jafza) will highlight the growth prospects in the sector and their competitive offerings