French artificial intelligence startup Mistral unveiled its new model, Mistral Large 4, at an event in Abu Dhabi on October 6, 2026. Mistral CEO Arthur Mensch stated the open-weight system surpasses Chinese competitors in specific areas, including cybersecurity. The announcement follows Mistral's move in August 2026 to offer Beijing-based Z.ai's GLM 5.3 model to its customers.
Payward, the parent company of cryptocurrency exchange Kraken, has secured full regulatory approval from Dubai's Virtual Assets Regulatory Authority. The licence permits the platform to prepare services for retail, professional, and institutional investors in the UAE, including direct dirham trading and deposits. Payward expects to roll out local operations in the coming weeks following preliminary approval received in May.
ABS Partners analyzed Article 15 bis of the UAE Commercial Companies Law, amended under Federal Decree Law No. 20 of 2025, which establishes a framework for internal corporate re-domiciliation. Companies can transfer between Emirates, Free Zones, and Mainland jurisdictions without losing their legal identity. The statutory procedure prevents the need for company liquidation and maintains existing contracts and banking continuity.
Dubai Aviation Engineering Projects has awarded a AED 10 billion ($2.7 billion) contract for the West Terminal substructure at Al Maktoum International Airport to a joint venture of China Civil Engineering Construction Corporation and Abu Dhabi-based Tristar Engineering & Construction. The 800,000-square-metre facility will span seven levels and accommodate 45 million passengers annually once complete. The project transitions the airport's $35 billion initial expansion phase into its core construction stage.
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