Software, telecommunications and digital infrastructure
A Middle East Institute study examines the growing structural links between Gulf maritime hubs and Chinese trade networks. It highlights the role of terminal operating software, cloud systems, and AI logistics in securing supply chain corridors.
UAE Federal Tax Authority Director General Abdulaziz Mohammed Al Mulla addressed the Belt and Road Initiative Tax Administration Cooperation Forum in Jakarta. The UAE delegation presented its adoption of artificial intelligence and smart tax systems to facilitate cross-border trade and investment. Topics covered also included digital economy taxation and cryptoassets under Islamic Shariah frameworks.
Chinese flying car developer ARIDGE delivered its first Land Aircraft Carrier (X3-F) air module to the UAE for testing in Ras Al Khaimah's advanced air mobility regulatory sandbox. Ras Al Khaimah Ruler Sheikh Saud bin Saqr Al Qasimi and ARIDGE founder Zhao Deli unveiled the test aircraft at the company's factory in Guangzhou. The modular system combines a six-wheeled ground carrier with a detachable two-seat electric flying unit.
OpenAI is in talks to raise up to USD 30 billion in fresh funding led by UAE investors alongside US investment firm Coatue, according to CNBC as reported by EnterpriseAM. The ChatGPT developer is targeting a pre-money valuation of USD 1.25 trillion, down from an earlier pitch of USD 1.4 trillion. The transaction discussions also include securing additional computing capacity within the UAE.
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