News

China–UAE News

Ant International and HSBC Expand Tokenised Treasury Management to Middle East

Ant International and HSBC have expanded their collaboration to provide real-time treasury management services across the Middle East using HSBC's Tokenised Deposit Service. The companies completed pilot transactions connecting the UAE and Hong Kong for domestic dirham and cross-border US dollar transfers. Ant International is HSBC's first corporate client in the Middle East to utilise the tokenised deposit infrastructure.

Industry News

Kenmare Resources Jumps 36% on Abu Dhabi Takeover Approach

Kenmare Resources shares surged 36% after confirming a non-binding cash takeover proposal from Abu Dhabi-based International Resources Holdings RSC Ltd (IRH). The London- and Dublin-listed mineral sands producer stated that discussions are ongoing, though a firm offer remains uncertain. The market move values the titanium feedstock producer at approximately £220 million.

Industry News

Abu Dhabi Cuts Public Service Costs Over 30% and Lifts Satisfaction via AI

Abu Dhabi reduced the cost of delivering government services by more than 30% between 2022 and 2025, while public satisfaction rose from 78% to 92%, according to the Department of Government Enablement. Speaking at the AI Everything summit, an official credited the integration of artificial intelligence and automated agents on the Tamm platform. Abu Dhabi continues to pursue its goal of operating a fully AI-native government by 2027.

China–UAE News

Mistral CEO in Abu Dhabi Highlights Sovereign AI Demand as Alternative to US, China

Speaking at the Ai Everything conference in Abu Dhabi, Mistral AI CEO Arthur Mensch stated that independence from the United States and China is driving the firm's growth across the Gulf and Asia-Pacific. Mensch claimed the company's latest model outperforms Chinese models in cybersecurity, pointing to substantial market demand for alternative technology suppliers.