Industry News

XYRA Launches AI Accounting Platform for UAE Tax and E-Invoicing Compliance

Dubai-based tech firm XYRA has launched an artificial intelligence accounting platform designed to assist UAE businesses with financial management and regulatory compliance. The Microsoft-backed solution automates bookkeeping, payroll, invoicing, and inventory tracking to help firms handle corporate tax and VAT requirements. The company will showcase the platform at the Dubai AI Festival on October 26–27, 2026.

Industry News

Chinese Visitor Leisure Nights in Middle East Forecast to Surge 160% by 2030

According to the ATM Travel Trends Report 2026 by ICCA and Tourism Economics, Chinese leisure nights in the Middle East are projected to rise 160% between 2025 and 2030. In business travel, visits from China are forecast to grow by 99%, leading all major source markets. The study also notes that Chinese visitors spend more than twice as much per night as the typical traveler to the region.

China–UAE News

Shanghai Tech Carnival Showcases AI Consumer Innovations Expanding to Dubai

The 2026 West Bund International Tech Consumer Carnival opened in Shanghai on October 22, featuring AI consumer products from over 400 global tech brands. Exhibitors included Ningbo-based Mamibao, whose smart baby crib is sold in mainland China and Dubai, as well as E3A Healthcare and SenseTime. Official data revealed that retail sales of smart wearables in China grew by more than 70% year on year during the first nine months of 2026.

Industry News

Forbes Middle East to Launch Inaugural Family Business Summit in Abu Dhabi

Forbes Middle East will host the inaugural Forbes Middle East Family Business Summit in Abu Dhabi on October 28–29, 2026, under the patronage of the UAE Ministry of Economy and Tourism. Presented by First Abu Dhabi Bank, the summit expects approximately 3,000 attendees and over 60 speakers to examine governance, succession planning, and capital management. The event will also include a Successors Forum and an awards ceremony honoring top Arab family enterprises.