Banking, fintech, funds, capital markets and cross-border investment
Chinese President Xi Jinping held talks in Beijing with Sultan Haitham Bin Tarik of Oman, witnessing the signing of agreements across industrial supply chains, green development, and digital finance. Concurrently, Saudi Crown Prince Mohammed bin Salman sent an official message to Xi regarding bilateral trade, energy supplies, and maritime security.
Industry leaders at the Securities Finance Symposium in Dubai evaluated the transformation and future priorities of the UAE securities finance market. Banking and legal specialists highlighted the resilience of repo markets while calling for improved collateral mobility, real-time settlement, and Islamic finance standardisation. Participants also noted that regulatory responsibilities have increasingly shifted toward exchanges like the Dubai Financial Market.
UAE state oil company ADNOC has announced a partnership with OpenAI and Emirati AI firm G42 to deploy the OpenAI Frontier platform across its operations. The deal is part of a broader series of agreements witnessed by Abu Dhabi Crown Prince Khaled bin Mohamed al-Nahyan to integrate artificial intelligence across energy, sovereign investment, and government services. Planned initiatives include predictive oil modeling, investment analysis with Mubadala, and an AI-native regulatory compliance pilot for government permitting.
A Ras Al Khaimah court has acquitted a 51-year-old Asian commercial broker of fraud charges connected to a Dh10.5 million trade scam. In the same trial, a European businessman received a one-year prison sentence and a deportation order, while his company was fined Dh500,000 for defrauding a trading entity. The court found insufficient evidence that the broker participated in or had knowledge of the fraudulent scheme.
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