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Industry News
Source: The Fintech Times

Institutional Investors Expect US and China to Share AI Leadership by 2031

A survey of 100 institutional investors managing $513 billion found that 56% expect the US and China to jointly lead global AI within five years. Conducted by Pureprofile for Robocap across eight markets including the UAE and China, the report notes closing gaps in patents, research graduates, and applied robotics. All surveyed investors also projected that the UAE and Saudi Arabia will make significant progress toward becoming global AI hubs.

Policy & Legal Updates
Source: Gulf News

UAE Ministry Explains How International Maritime Shipping Regulations Are Established

The UAE Ministry of Energy and Infrastructure has outlined how global maritime shipping regulations are created through the International Maritime Organization. The UN agency sets worldwide benchmarks for vessel safety, maritime security, and pollution prevention across commercial fleets. The ministry clarified that the organization does not operate as a maritime police force or control individual transit routes such as the Strait of Hormuz.

Policy & Legal Updates
Source: China Briefing

China Tightens Offshore Trust and Overseas Income Tax Rules for Resident Individuals

China has implemented strict individual income tax rules for offshore trusts, imposing a 20 percent tax rate across asset funding, trust income, and distributions. The Ministry of Finance and State Taxation Administration established a 90-day transitional compliance window closing on October 22, 2026, allowing taxpayers to settle historical trust liabilities without late surcharges. Cross-border tax enforcement is increasingly supported by automated data exchange under the Common Reporting Standard.

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