Bloomberg

Industry News

US Export Control Rule Sets 2027 Expiry for G42 AI Chip Access

A roughly 5,000-word US Commerce Department rule grants license-free access to top-tier AI chips for UAE-based G42 and its cloud unit Core42, but sets an expiration date of April 2027. Under a 17-word clause in the measure, maintaining continued access may require the firms to become US companies or secure renewed approval. G42 stated that it maintains substantial US ties and continuously evaluates opportunities aligned with its long-term objectives.

China–UAE News

US Commerce Rule Requires G42 to Become US Entity for Chip Access

A U.S. Commerce Department rule granting license-free access to advanced AI chips for UAE-based G42 and Core42 specifies that their status will expire in April 2027 unless they become U.S. companies or secure renewed approval. Export-control experts expressed confusion over the 17-word requirement, while G42 stated it already maintains substantial U.S. ties and operates in full regulatory compliance. The mandate carries strategic implications for Gulf AI autonomy between the United States and China.

Industry News

China’s Factory Activity Slips Into Contraction in October With 49.3 PMI

China's official manufacturing PMI fell to 49.3 in October, dropping below the 50-point mark separating expansion from contraction. The non-manufacturing index also slid to 49.7 as consumer goods demand softened and international oil prices pushed up raw material costs. Economists noted that domestic demand will require stronger policy support if global demand softens in 2027.

Industry News

Dubai Investments Sets DIP Offer Range Valuing Holding at AED 9.5-10 Billion

Dubai Investments has set the offer price range for the 20% float of DIP Holding at AED 1.10 to AED 1.15 per share, valuing the Dubai Investments Park landlord at AED 9.5 billion to AED 10 billion. The lowered price range delivers an implied dividend yield of 7.27% to 7.60% following investor negotiations. According to Bloomberg, order books for the full offering were fully covered within minutes of opening.