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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.
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.
"As one of our biggest markets for point-to-point travel, Etihad is proud to offer our guests a greater choice of options and easier access between the UAE and Manila," said Martin Drew, Senior Vice President Global Sales and Cargo.
"In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock," he said in a tweet late on Tuesday.
Godel Technologies, a UK-based agile software development company founded in 2002, has become the latest digitally oriented business to join the UAE’s landmark NextGenFDI initiative,