Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

‘Partnerships with technology leaders help in Dubai’s digital transformation’

Equinix has 198 data centers which are located in 37 countries. (WAM)
  • Successful partnerships with leading industry players are a key enabler of Dubai’s digital transformation journey.
  • The initiative seeks to advance Dubai’s strategic objective of becoming one of the world’s top urban economies.

DUBAI, UAE – First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum on Thursday met with Charles Meyers, President and CEO of Equinix here.

During the meeting, Maktoum bin Mohammed highlighted Dubai’s keenness to strengthen collaboration with major global technology companies.

Successful partnerships with leading industry players are a key enabler of Dubai’s digital transformation journey and its development as a global technology hub, he said.

He said that serving the community more effectively and enhancing sustainable development are key aims of Dubai’s digital transformation plan.

The initiative seeks to raise the efficiency of vital sectors and advance Dubai’s strategic objective of becoming one of the world’s top urban economies, Sheikh Maktoum bin Mohammed said.

Founded in Silicon Valley in 1998, Equinix is one of the world’s leading digital infrastructure companies. It serves diverse sectors including public, financial, industrial, healthcare, retail, education and transportation.  

The company has  198 data centers which are located in 37 countries and  50 additional centers that are under development.

In 2022, the company’s revenues reached $7.263 billion, while Q1 2023 revenues amounted to $2 billion.

One of Equinix’s biggest data centers, the DX1 Dubai Data Center, is located in the Dubai Production City. The facility spans an area of 41,000 square feet.

The meeting was attended by Abdullah Al Basti, Secretary General of The Executive Council of Dubai; Helal Al Marri, Director General of Dubai’s Department of Economy and Tourism; Hamad Obaid Al Mansoori, Director General of Digital Dubai, and Malek Al Malek, Director General of the Dubai Development Authority.