UK-founded AI transformation firm Nextgen has moved its global headquarters to the UAE, setting up Dubai as its primary base. The company, which has previously expanded into China and India, cited growing demand among regional enterprises to scale AI operations into production. Nextgen reports having over 75 specialists across five offices and more than 200 AI use cases deployed.
Kenyan digital bank Cloud9 has secured an undisclosed investment from crypto accelerator Alliance, bringing total funding to $1 million, Disrupt Africa reported. The platform operates on stablecoin rails to facilitate cross-border settlement for African merchants importing goods from hubs including China and Dubai. Cloud9 plans to use the capital to expand trade payment corridors, roll out physical and virtual cards, and grow its user base.
Egypt will implement new entry and visa regulations for Uzbek nationals starting November 1, 2026, according to the Embassy of Uzbekistan in Cairo. The revised rules mandate advance visas from diplomatic missions, authorized tour bookings, minimum cash holdings, and age-based travel restrictions. Uzbek travelers under 40 will only be allowed entry if accompanied by immediate family.
UAE equity markets closed marginally higher on Friday, 9 October 2026, with both Dubai and Abu Dhabi benchmarks recording slim advances in a subdued session. Dubai's DFM General Index gained 0.36% to settle at 5,819.96, while Abu Dhabi's FTSE ADX General Index inched up 0.08% to finish at 9,808.52. The modest gains completed a positive weekly finish for the UAE's two main stock exchanges.
Policy updates, China–UAE business news and industry insights, delivered to your inbox.
Membership
Tell us about your experience and connection to UAE–China business. UECN assesses your application and offers the right membership category — fees are shared privately with your offer.
We send you a one-time sign-in link — your answers are saved as you go.
