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Industry News

Standard Chartered Launches Cryptocurrency Trading for Affluent Clients in the UAE

Standard Chartered has rolled out cryptocurrency trading for eligible affluent clients in the United Arab Emirates, allowing them to trade Bitcoin and Ether directly through existing bank accounts. The service is regulated by Dubai's Virtual Assets Regulatory Authority and marks a global first for the bank. Developed with SC Ventures-backed Zodia Markets, the platform handles custody and settlement via a closed-loop system.

Policy & Legal Updates

UAE to Lobby International Competition Network on Inter-Agency Information Sharing

The UAE intends to lobby the International Competition Network to increase information sharing among antitrust agencies, according to Global Competition Review. The initiative seeks to deepen cross-border regulatory collaboration and mutual assistance among competition authorities. For businesses in the UAE, expanded inter-agency data sharing signals closer international alignment in antitrust and merger oversight.

Policy & Legal Updates

UAE Poised to Become East-West Capital Hub Within Five Years, SIF Hears

Speakers at the ninth Sharjah Investment Forum stated that the UAE is positioned to become the primary crossing point for global capital flows between East and West within five years. Industry leaders attributed this trajectory to deliberate regulatory frameworks, dedicated oversight bodies like VARA, and rising investor emphasis on asset custody and trust.

Industry News

China Mobilizes Over 1,000 Mathematicians to Accelerate Artificial Intelligence Development

China has mobilized more than 1,000 mathematicians and specialized researchers to develop advanced artificial intelligence research and technologies. According to Voice of the Emirates, the initiative aims to narrow the technological gap with the United States and compete with companies such as OpenAI and Anthropic. The project focuses on algorithms, machine learning, and computational models to bolster domestic technological self-reliance.