AI INFRASTRUCTURE EGYPT
Charting the global economy: Central banks hold rates steady
Global central banks have opted to keep interest rates unchanged amidst growing inflation worries stemming from energy costs. While the Federal Reserve and the European Central Bank signaled potential hikes during their December meetings, the US economy displays robust growth from business investments and consumer activity.
BRICS parliamentary forum condemns Pahalgam attack, calls for UN reforms
The 12th BRICS Parliamentary Forum took place in New Delhi, gathering legislative leaders from various member nations. Delegates emphasized the need to reform the United Nations for more effective global governance while condemning terrorism and unilateral sanctions. The forum expressed concern over regional conflicts, urging resolutions based on human rights and humanitarian law.
Software majors add more hands in Q2 on deal wins, growth optimism
Data showed the top six had added a net 5,500 to their rolls in the April-June quarter. Employee data of Infosys, the country’s second-largest software exporter, isn’t included in these calculations as the company is due to announce earnings on October 23 and hasn’t shared its latest manpower data.
5 stocks with consistent score improvement and upside potential of up to 29 % in 1 year, according to analysts
Look at how the market treated the stock of a large FMCG stock – one the best wealth creators of the past – just because it mentioned the risk of rising input costs. It shows what the underlying sentiment on the street is like.
Jaishankar meets Russia, Iran foreign ministers at UNGA days after Trump signs sanctions law
During the UN General Assembly, India's External Affairs Minister S. Jaishankar conferred with officials from Russia and Iran, highlighting vital areas like bilateral ties, BRICS collaboration, and the Gulf conflict. He reaffirmed India's focus on energy security in light of recent US sanctions. Furthermore, Jaishankar participated in discussions with the Gulf Cooperation Council to fortify partnerships, alongside co-chairing a dialogue centered on the ramifications of artificial intelligence on maritime security.
Anthropic, OpenEvidence partner to bring medical AI worldwide
OpenEvidence answers doctors' questions by drawing on peer-reviewed medical research and treatment guidelines. The platform is free to clinicians in the United States and Europe.
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BRICS Summit: Modi warns against weaponisation of tech, critical minerals; Xi announces open-source AI
BRICS Summit 2026: Prime Minister Narendra Modi urged BRICS nations to unite in the face of rising global tensions and emphasised the need for inclusive growth, particularly for the Global South. Concerns were also raised over the weaponisation of technology and critical minerals. The grouping aims to strengthen resilience and preparedness against future crises, with cooperation on early warning systems and resilient supply chains being prioritised.
The epistemology of power: Why BRICS must build a common scientific architecture
For nations striving for geopolitical balance, achieving scientific and technological independence is crucial. The BRICS alliance, with its substantial population and economic resources, is focused on developing joint scientific initiatives and promoting collaborative innovations. By pooling their strengths, they intend to amplify their influence on future technological advancements and frameworks, thus enhancing their role in global tech governance.
Putin pitches NDB investment platform to deepen BRICS trade, technology ties
Russian President Vladimir Putin proposed an NDB-based investment platform to fund trade, infrastructure, logistics and technology projects across BRICS, while stressing the grouping was not directed against other countries. He highlighted transport corridors, AI, finance and business cooperation as BRICS seeks greater economic resilience and reduced reliance on Western-led institutions.
BRICS 2026: From bigger to better? The New Delhi summit may put trade, tech and energy in focus
BRICS 2026 will test whether the expanded 11-member grouping can translate its growing economic and geopolitical weight into practical cooperation. With trade, payments, startups, AI, energy, critical minerals and climate finance on the agenda, India’s presidency faces a tougher challenge: building consensus among members whose strategic interests often diverge.
Egypt moves to build $1 bn AI data centre with Nvidia tech
Egypt is embarking on an ambitious $1 billion project to build an advanced artificial intelligence data center. The first phase will kick off with an investment of $200 million and a capacity of 20 megawatts. This initiative is in collaboration with major players like Vodafone Business, Elsewedy Electric, and Cassava Technologies, and is set against a backdrop of growing rivalry between the United States and China in the tech domain.
Indian businesses redesigning supply chain to capture new growth opportunities: Report
Indian businesses are actively redesigning supply chains for resilience and growth. Supplier diversification and strategic inventory are key priorities for companies. Technology adoption and entry into new markets are also significant drivers. India's trade growth will be defined by resilience and connectivity. Businesses are positioning inventory closer to customers for better market access.
AI could lift Sub-Saharan Africa economy 4% if power, internet improve, IMF says
As countries and companies race to secure AI's economic benefits, investment in data centres, energy infrastructure and digital networks is surging worldwide.
750 times bigger than Pentagon: Egypt unveils a massive 22000-acre armed forces headquarters called 'The Octagon'
Egypt has unveiled its colossal State Strategic Command Headquarters, dubbed 'The Octagon,' a sprawling military complex dwarfing the Pentagon in size. Inaugurated by President El Sisi, this advanced facility in the New Administrative Capital centralizes Egypt's military command, intelligence, and crisis management. Designed as an integrated defence city, it boasts cutting-edge technology to bolster national security and operational readiness.
Kospi jumps over 8% on Iran peace deal hopes; world's best-performing market up 94% YTD
South Korean stocks surged on Friday, with the KOSPI jumping as much as 8.5%, driven by optimism that Middle East tensions could ease after U.S. President Donald Trump signaled a possible Iran deal this weekend. The rally helped the index end a volatile week up 3.2%, recovering from the previous week's 3.7% decline triggered by a global selloff in AI and technology stocks.
Explainer: The Hormuz digital chokepoint - How does the Iran war threaten subsea cables?
The narrow waterway, already a chokepoint for global oil shipments, is equally vital for the digital world. Several fibre-optic cables snake across the seabed of the strait, connecting countries from India and Southeast Asia to Europe via the Gulf states and Egypt.
The Hormuz digital chokepoint: How does the Iran war threaten subsea cables?
Iran has highlighted the vulnerability of submarine cables in the Strait of Hormuz. These vital undersea links carry 99% of global internet traffic and are essential for the digital economies of Gulf nations. Accidental damage from shipping and potential sabotage pose significant risks. Repairing these critical infrastructures in conflict zones presents further challenges.
The Hormuz digital chokepoint: Where oil, war and the internet collide
Iran has highlighted the vulnerability of submarine cables in the Strait of Hormuz. These vital undersea links carry 99% of global internet traffic and are crucial for the digital economies of Gulf nations. Accidental damage from ship anchors and fishing gear pose risks, alongside potential sabotage.
Three AI startups founded by Indians join Hub71’s $222.7 million cohort
Hub71 in Abu Dhabi welcomes three new Indian-founded startups. These AI-driven firms join the latest cohort.
INTOSAI adopts cybersecurity, remote audits work plan for 2026-28
The International Organisation of Supreme Audit Institutions (INTOSAI) has adopted its 2026-28 Work Plan, emphasizing cybersecurity and remote audits using IoT. Hosted by the CAG of India, the event saw participation from 29 nationalities, focusing on leveraging technology for transparency and good governance. A key highlight included India's PM GatiShakti initiative, demonstrating AI and GIS for infrastructure planning.
Reliance-backed KareXpert to power Egypt’s national healthcare digital transformation
Telecom Egypt and KareXpert, backed by Reliance Jio, have partnered to launch a digital healthcare platform in Egypt. This platform, hosted on a secure national cloud, integrates HIMS, electronic medical records, and revenue cycle management. It aims to improve hospital efficiency, streamline billing, and ensure data privacy, aligning with Egypt's digital transformation vision and offering citizens easier access to healthcare.
BRICS trade ministers' meet: India calls for dismantling export controls among members
India has requested BRICS countries to remove export restrictions to promote commerce. Yashvir Singh represented India at the BRICS trade ministers' meeting in Brazil. India will assume the BRICS Presidency in 2026. India proposed '30 for 30' to mark WTO's 30th anniversary. India has asked developed nations to ensure concessional transfer of Environmentally Sound Technologies.
New look Middle East had started to draw investors... and then came Trump
International investors are optimistic about the Middle East following recent peace developments and economic recovery potentials. Positive changes include Egypt's first dollar debt sale in four years, Israel's bond market recovery, and Lebanon's efforts to address its crises. However, Trump's plan for Gaza and its potential repercussions loom as a significant risk factor.
India, Brazil, South Africa agree to use digital public infrastructure, AI and data for governance
Leaders from the G20 Troika - India, Brazil, and South Africa - released a joint declaration emphasizing the role of Digital Public Infrastructure (DPI) and AI in achieving inclusive and sustainable development. They highlighted the potential of these technologies to transform lives, create jobs, and improve healthcare and education outcomes, particularly in the context of sluggish global economic growth.
India, Brazil and South Africa agrees to use digital public infra and AI to bridge global inequality gap
This declaration, endorsed by several G20 countries, guest nations, and international organisations, underscores the potential of technology to bridge global inequalities and accelerate progress toward the Sustainable Development Goals (SDGs).
From creation to disposal, plastics industry is poised for transformation via AI: Jeevaraj Gopal Pillai, UFlex
AI can optimise manufacturing processes by analysing vast amounts of data, thereby improving efficiency, reducing waste and enhancing product quality, says Jeevaraj Gopal Pillai, Director, Sustainability & President, Flexible Packaging and New Product Development, UFlex.
Is the world running out of water supplies? These cities have acute drinking water crises.
The water crisis is being caused due to outdated supply infrastructure and mismanagement. Solutions are needed that leverage technology.
India Canada Relations: Amid speculations, US maintains strong relations with India
Despite the diplomatic fallout between India and Canada, recent developments indicate that India and the US are maintaining a strong relationship. Meetings between the two countries' officials have set the agenda for bilateral defense cooperation, and joint military exercises have commenced. India and the US are working towards co-developing projects and establishing a robust collaboration agenda in the defense sector.
India welcomes Egypt as member of New Development Bank of BRICS
A statement by the bank said its membership expansion is in line with its strategy to become the premier development institution for emerging economies and developing countries. “Egypt fully embraces the decision to join the NDB family and looks forward to building a strong partnership and engagement with the bank over the coming years,” said Mohamed Maait, Minister of Finance of Egypt.
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