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French artificial intelligence startup Mistral has announced a new open-weight AI model named Mistral Large 4. Speaking at the Ai Everything conference in Abu Dhabi, CEO Arthur Mensch stated that the model outperforms certain Chinese models in cybersecurity. Mensch added that independence from US and Chinese suppliers is driving the company's growth in the Gulf and Asia-Pacific regions.
Mahy Khoory Automotive, the authorised dealer of Chinese automotive brands OMODA & JAECOO in Abu Dhabi, has delivered more than 1,000 vehicles in the emirate. The milestone coincides with OMODA & JAECOO surpassing 6,000 cumulative deliveries across the UAE in September 2026. The dealership supports the expansion via an Airport Road showroom and a Mussafah service facility.
Crude oil shipping costs on the TD3C route from the Arabian Gulf to China rose by 406% to reach $229.76 per metric ton at the end of September. The sharp increase in VLCC tanker rates has forced regional crude producers to deepen price discounts to remain competitive in Asian markets. Saudi Arabia reduced its official selling price for Arab Light crude by $3 per barrel for November.
Dubai CommerCity has unveiled an AED 1.8 billion Phase Two expansion scheduled for rollout between Q1 2027 and Q4 2028. The development follows an occupancy rate of nearly 96 percent across office, logistics, and retail spaces.
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