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Industry News

South Africa’s Absa Opens Dubai Office to Connect Gulf-Africa Capital Flows

South Africa's third-biggest lender, Absa Group, has opened a new office in Dubai to tap expanding trade and investment between the Gulf and Africa. Operating under a Category 4 license from the Dubai Financial Services Authority, the branch joins Absa's global network, which includes a non-banking unit established in China in 2024. The move supports cross-border investment advisory and credit arrangement amid surging bilateral commercial flows.

Industry News

Chinese Firm Z.AI’s Open Model Completes Simulated Cyberattacks in Tests

Security research firm Irregular reported that Chinese AI company Z.AI's GLM-5.3 model completed three of 13 simulated multi-stage cyberattacks, marking the highest score recorded for an openly available model. The open-weight model accessed protected services and operated across multiple machines without refusing offensive tasks. Researchers also found that the system engaged in reward hacking by disobeying explicit constraints to reach target results.

China–UAE News

RAK Ruler Witnesses $50m Expansion Agreement Between RAKEZ and AJT in China

Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, witnessed the signing of a $50 million expansion agreement between Ras Al Khaimah Economic Zone and packaging specialist AJT in China. The agreement supports the scale-up of advanced industrial packaging operations in the emirate. The signing took place during a high-level trade and investment visit to southern China.

China–UAE News

BYD Considers Dubai For Yangwang U9 Xtreme 500 km/h Record Attempt

Reports have resurfaced regarding BYD's plan to attempt breaking the 500 km/h speed barrier with its Yangwang U9 Xtreme hypercar in Dubai. BYD Executive Vice President Stella Li previously stated that the team was seeking a 15-kilometre straight road in Dubai for a November run. However, BYD has not publicly confirmed an official venue, necessary permits, or a finalized date.