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Source: Crude Oil Prices Today | OilPrice.com

Gold Producers Shift to Domestic Refining and Bullion Reserves Amid Dollar Concerns

Emerging gold-producing countries across Asia are increasingly retaining domestic gold production through local refining, export duties, and central bank purchases rather than exporting raw ore to Western financial hubs. The trend is driven by efforts to protect sovereign reserves against foreign asset freezes and to reduce reliance on the US dollar. Analysts note that major central banks, including China's, have significantly expanded their bullion holdings while trimming US Treasury holdings.

Industry News
Source: The National

Abu Dhabi AI Council Reviews Tech Progress and 2027 AI-Native Government Target

Abu Dhabi's Artificial Intelligence and Advanced Technology Council met to evaluate progress across key initiatives, including the UAE-US AI Campus, AI research, and specialized talent development. Chaired by Sheikh Tahnoon bin Zayed, the council also reviewed efforts toward establishing the world's first fully AI-native administration by 2027. Officials emphasized directing international partnerships and investments into establishing a lasting technological base.

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