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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.
Global economic leaders on Friday hailed China’s move away from its hardline zero-Covid policy, with the IMF chief saying the “decisive actions” would help revive growth both in the country and globally.
The British public’s expectations for inflation over the next one to two years rose to their joint-highest level in nearly a decade and satisfaction with the Bank of England slid,
A total of 3,186 real estate transactions worth over Dhs9.1 billion were conducted during the week ending 9th December, 2022, according to figures released by the Dubai Land Department (DLD).
Etihad Airways has announced that it is reintroducing four of its A380s in the summer of 2023, following a surge in demand for air travel across the airline’s network and customer feedback.