Global

Policy & Legal Updates

Dubai and Abu Dhabi Rank Among Top 10 Global Next-Generation Wealth Hubs

Dubai and Abu Dhabi have ranked among the world's top 10 locations for attracting and retaining high-net-worth individuals under 40, according to property consultancy Savills. The two UAE cities were among only four locations across Europe, the Middle East, and Africa to secure top-10 positions. Savills evaluated more than 100 destinations based on business connectivity, taxation, wealth clusters, and lifestyle factors.

China–UAE News

Dubai Future Economy Majlis Examines Economic Competitiveness Amid Global Trade and AI Shifts

The 'Future Economy' Majlis convened at the Mohammed bin Rashid Leadership Forum in Dubai to explore long-term economic competitiveness amid global supply chain restructuring and technological change. Participants, including Emirates NBD's Hesham Abdulla Al Qassim and economist Nouriel Roubini, assessed shifting trade dynamics between China, the US, and Europe alongside Dubai's position as a gateway linking Asia, Africa, and Europe. Discussions underscored the integration of physical trade infrastructure with digital technology to build economic resilience.

Industry News

Russian Fintech A7 Launches Crypto-to-Bank Cross-Border Settlement Service Supporting Yuan and Dirhams

Russian financial technology company A7 has unveiled A7 International, a cross-border payment service enabling payers to settle invoices using USDT while recipients receive traditional SWIFT bank transfers. The service supports payouts in Chinese yuan, UAE dirhams, US dollars, and euros, with a 0.3% commission fee. Transactions are available in jurisdictions where digital currency transactions are legal.

Industry News

Gold Holds Below $4,200 as China Buying Offsets $10 Billion Short Positions

Spot gold traded at $4,185.69 an ounce as trend-following funds accumulated an estimated $10 billion net short position. Concurrently, China's central bank extended its gold buying streak to 23 consecutive months, adding approximately 23 tonnes in September. Analysts note that structural accumulation by central banks is offsetting speculative selling ahead of key US inflation data.