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Technology & Digital Economy

Software, telecommunications and digital infrastructure

Industry News
Source: Zawya

Dubai Fintech Ziina Wins Dubai-it Award in Business Category

Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum announced that UAE fintech platform Ziina has won the Dubai-it Award for Companies in the Field of Business. The platform has processed over $1.5 billion in transactions and currently serves 500,000 users and 290,000 business owners. The award recognises Ziina's evolution from a peer-to-peer transfer app into an integrated financial platform facilitating mobile payments.

China–UAE News
Source: EnterpriseAM

US Midterm Election Scrutiny Threatens Gulf AI Chip Agreements and Tech Ties

US Democrats are threatening congressional investigations into agreements granting Gulf entities license-free access to advanced artificial intelligence semiconductors. The scrutiny is driven by concerns over technology transfer to China and alleged conflicts of interest. However, extensive cross-border investments between Gulf sovereign funds and US AI leaders complicate potential rollbacks.

China–UAE News
Source: Arab News Japan

Mashreq Bank Invests $125 Million in Hong Kong to Boost China-Middle East Flows

Dubai-headquartered Mashreq Bank has injected $125 million into its Hong Kong operations to capture expanding trade and investment flows between China and the Middle East. The bank recorded an approximate 50 percent year-on-year increase in Hong Kong revenue and profitability as of August 2026. In addition, the institution executed an inaugural 1 billion yuan dim sum bond issuance to meet demand for renminbi-denominated financing.

China–UAE News
Source: CXO Voice

Huawei Deploys Next-Generation VitaAAU Wireless Equipment in UAE

Huawei announced the launch of its commercial U6 GHz device, the VitaAAU, at an event in Shanghai. The technology has achieved commercial deployment in the UAE and other markets. According to the company, the equipment delivers peak downlink speeds exceeding 10 Gbps in live environments.

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