China

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.

China–UAE News

China’s Technology Strategy Expands Across Gulf Industrial and Digital Sectors

China is increasingly integrating its new quality productive forces framework into Gulf diversification programs, spanning renewable energy, AI, and digital networks. Gulf sovereign wealth funds and technology firms are adjusting their investment strategies amid mounting U.S.-China technological competition and regional risks. Meanwhile, Chinese firms are expanding industrial footprints in Saudi Arabia, the UAE, and Oman.

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.

Industry News

UAE Plans Deployment of Over 10,000 Autonomous Vehicles Next Year

More than 10,000 autonomous taxis and delivery vans are expected to operate across the UAE next year, with procurement orders already placed. According to a senior UAE official speaking at the AI Everything Abu Dhabi summit, the rollout would position the UAE as the largest operator of autonomous taxis and vans outside China.