Global

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.

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

Global Race to Commercialize Flying Taxis Highlights Strategic Divergence in China and Dubai

Countries across Asia and the Middle East are accelerating preparations to commercialize electric vertical take-off and landing (eVTOL) air taxis, though no market has launched regular paid passenger operations as of early October 2026. China leads in unmanned operations with EHang logging over 3,000 flights, while Dubai has contracted US-based Joby Aviation for piloted services under a six-year exclusive deal. Licensing, safety approvals, and infrastructure remain the primary global hurdles to commercial launch.