KAUST’s Shaheen III claims title of most powerful supercomputer in Middle East

These mathematical models will be used in various operations including scientific discovery, engineering design, and policy support. Pic/Supplied
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Updated 15 November 2023
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KAUST’s Shaheen III claims title of most powerful supercomputer in Middle East

RIYADH: Scientific exploration and innovation are set to receive a boost with the operation of the Shaheen III supercomputer at King Abdullah University of Science and Technology in Saudi Arabia.  

Developed by Hewlett Packard Enterprise, Shaheen III has already secured its place as the most powerful supercomputer in the Middle East, according to a recent report by TOP500, known for releasing statistics for this sector. 

Tony F. Chan, president of KAUST, said: “Shaheen III takes KAUST’s world-class research capabilities to the next level through its processing power and ability to create models across many fields in a short period of time.”   

The system is expected to play a pivotal role in supporting the construction and testing of predictive mathematical models. It employs a multifaceted approach that includes traditional simulations based on differential equations, statistical emulation, and machine learning based on neural networks. 

These mathematical models will be used in various operations including scientific discovery, engineering design, and policy support. 

He added: “Shaheen III will be crucial in supporting sustainability campaigns related to our National Center for Climate Change and for national projects that align with the Kingdom’s Vision 2030, helping to accelerate Saudi Arabia’s growth in areas such as sustainable development.” 

Ranked 20th globally for supercomputer efficiency, the system is six times faster than its predecessor, Shaheen II, and boasts processing power exceeding that of 500,000 of the latest MacBook Pros. 

“Supercomputing is part of KAUST’s research and curricular DNA, with many of our faculty recruited around supercomputing. Computational approaches formerly lagged theoretical, observational, and experimental approaches. Now, more often than not, they lead because of supercomputers like Shaheen III,” said David Keyes, KAUST’s founding dean. 

In its initial operational phase, Shaheen III will focus on powering research contributing to sustainability goals, encompassing materials, catalysis, combustion of alternative fuels, carbon sequestration, and bioinformatics. 

“Research universities like KAUST are increasingly putting supercomputers at the heart of their curriculum because modeling, simulation, machine learning and AI capabilities are fundamental to scientific discovery and innovation,” said Trish Damkroger, senior vice president and chief product officer, HPC, AI & Labs at HPE. 

According to TOP500’s list, Frontier, hosted at the Oak Ridge Leadership Computing Facility in Tennessee, retains its status as the world’s most advanced supercomputer.  

Following closely are Argonne National Laboratory’s Aurora and Microsoft’s Eagle, securing the second and third spots, respectively.


Kuwait to boost Islamic finance with sukuk regulation

Updated 05 February 2026
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Kuwait to boost Islamic finance with sukuk regulation

  • The move supports sustainable financing and is part of Kuwait’s efforts to diversify its oil-dependent economy

RIYADH: Kuwait is planning to introduce legislation to regulate the issuance of sukuk, or Islamic bonds, both domestically and internationally, as part of efforts to support more sustainable financing for the oil-rich Gulf nation, Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah said on Wednesday.

Speaking at the World Governments Summit in Dubai, Al-Sabah highlighted that Kuwait is exploring a variety of debt instruments to diversify its economy. The country has been implementing fiscal reforms aimed at stimulating growth and controlling its budget deficit amid persistently low oil prices. Hydrocarbons continue to dominate Kuwait’s revenue stream, accounting for nearly 90 percent of government income in 2024.

The Gulf Cooperation Council’s debt capital market is projected to exceed $1.25 trillion by 2026, driven by project funding and government initiatives, representing a 13.6 percent expansion, according to Fitch Ratings.

The region is expected to remain one of the largest sources of US dollar-denominated debt and sukuk issuance among emerging markets. Fitch also noted that cross-sector economic diversification, refinancing needs, and deficit funding are key factors behind this growth.

“We are about to approve the first legislation regulating issuance of government sukuk locally and internationally, in accordance with Islamic laws,” Al-Sabah said.

“This enables us to deal with financial challenges flexibly and responsibly, and to plan for medium and long-term finances.”

Kuwait returned to global debt markets last year with strong results, raising $11.25 billion through a three-part bond sale — the country’s first US dollar issuance since 2017 — drawing substantial investor demand. In March, a new public debt law raised the borrowing ceiling to 30 billion dinars ($98 billion) from 10 billion dinars, enabling longer-term borrowing.

The Gulf’s debt capital markets, which totaled $1.1 trillion at the end of the third quarter of 2025, have evolved from primarily sovereign funding tools into increasingly sophisticated instruments serving governments, banks, and corporates alike. As diversification efforts accelerate and refinancing cycles intensify, regional issuers have become regular participants in global debt markets, reinforcing the GCC’s role in emerging-market capital flows.

In 2025, GCC countries accounted for 35 percent of all emerging-market US dollar debt issuance, excluding China, with growth in US dollar sukuk issuance notably outpacing conventional bonds. The region’s total outstanding debt capital markets grew more than 14 percent year on year, reaching $1.1 trillion.