Middle East dealmaking persists despite Iran war uncertainty, Saudi-UAE activity holds
- Deals and investment activity in Saudi Arabia and the UAE continue despite regional escalation and market volatility.
- Bloomberg notes oil and markets are dented but capital flows and summit planning persist.
- Implication for MCIT: investor confidence in tech projects remains fragile but available — monitor funding windows and travel risks.
Bloomberg.com · 2026-03-23
KAUST scales AI and cybersecurity engineering master's programs to meet workforce demand
- KAUST announced expanded specialised master's tracks in AI and cybersecurity to supply national talent pipelines.
- Programs align with Ministry employment initiatives and aim to accelerate applied R&D and industry placements.
- Recommendation: MCIT/DGA collaboration to channel scholarships, internships, and accreditation pathways for graduates.
Health and Safety International · 2026-03-23
Microsoft‑backed Lace raises $40M to advance chipmaking equipment technology
- Norway‑based Lace secured US$40 million to commercialise advanced chipmaking equipment — Microsoft is a backer.
- Signal that tooling startups continue attracting capital amid geopolitical supply chain focus for semiconductor autonomy.
- Relevance for Saudi: potential supplier relationships and tech transfer opportunities as the Kingdom scales local semiconductor plans.
BNN Bloomberg · 2026-03-23
Iranian strikes put Gulf cloud infrastructure at risk after AWS data‑centre hits
- Report describes kinetic attacks on AWS data centres in the Gulf, shattering assumptions about regional infrastructure stability.
- Highlights a direct risk to cloud-hosted AI workloads and a potential insurance and resilience shock for regional hyperscale deployments.
- Action for MCIT: assess local cloud redundancy, sovereign data policies, and emergency DR/telecom routing plans.
Rest of World · 2026-03-23