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Technology & Digital Economy

Software, telecommunications and digital infrastructure

China–UAE News
Source: UAE-China Chamber of Commerce

Chinese Direct Investment in UAE Hits $2.6 Billion as Financial Footprint Expands

China's outbound direct investment to the UAE reached $2.6 billion, more than tripling the previous year's total as overall Middle East flows doubled. In parallel, Beijing-based China Securities secured regulatory approvals to open a regional office in the Dubai International Financial Centre. Chinese banking institutions now account for over 30 percent of total assets in DIFC's Banking and Capital Markets sector.

China–UAE News
Source: Finimize

Chinese Autonomous Driving Startup Momenta Targets Thousands of Robotaxis and Dubai Launch

Mercedes-backed Chinese autonomous driving startup Momenta plans to expand its robotaxi fleet from over 100 vehicles today to several thousand by the end of next year. The company is currently testing vehicles in Abu Dhabi and Munich, with Dubai scheduled as its next deployment market. To cut costs, Momenta is working with XHeart on custom computing chips as an alternative to Nvidia hardware.

China–UAE News
Source: South China Morning Post

Saudi Arabia mBridge Exit Highlights Realities of Cross-Border Payment Diversification

Saudi Arabia's central bank ended its participation in the mBridge multi-CBDC platform after finishing a proof of concept in May 2025, according to an analysis published by the South China Morning Post citing the Financial Times. The project continues with participants including mainland China, Hong Kong, Thailand, and the UAE, alongside the recent activation of the Monetary Authority of Macao. The author argues that payment diversification reflects practical settlement efficiency rather than an outright abandonment of the US dollar.

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