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Mubadala

China–UAE News
Source: Arabian Business

UAE-Asia Investment Corridor Matures as Dubai and Singapore Take Complementary Roles

The economic corridor between the UAE and Asia is evolving from capital flows into a multi-hub corporate and wealth ecosystem, according to an analysis in Arabian Business. Asian businesses are establishing UAE bases, with Chinese firms in Dubai reaching 6,650 alongside major Indian fintech expansions. Concurrently, UAE sovereign investor Mubadala is anchoring Asia strategy in China, while DIFC foundation registrations jumped 67 percent.

Industry News
Source: EnterpriseAM

OpenAI Seeks Up to USD 30 Billion in Funding from UAE Investors and Coatue

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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