UAE

Russia and Ukraine have conducted their first prisoner swap in almost four months, with the United Arab Emirates (UAE) acting as a mediator. What Happened: On Friday, the Russian Defense Ministry announced the exchange of 75 prisoners from each side, Bloomberg reported on Friday. Ukrainian...

Microsoft Corp. (NASDAQ:MSFT) President Brad Smith revealed that the company’s deal with UAE-backed AI firm G42 might involve transferring advanced AI technology. What Happened: Smith indicated that the agreement could eventually include exporting crucial AI components like model weights,...

The United Arab Emirates’ (UAE) energy minister, Suhail Al Mazrouei, has expressed his support for JPMorgan’s recent cautionary stance on the global energy transition. What Happened: Al Mazrouei, stated that JPMorgan’s call for a “reality check” on the world’s...

OpenAI CEO Sam Altman has been advocating for a global coalition to support the development of artificial intelligence infrastructure. This initiative includes discussions with government and industry leaders in the Middle East and other Western countries. What Happened: Altman has been actively...

In a recent development, the United Arab Emirates (UAE) has sealed a $5.5 billion deal with Hungary to revamp a Budapest neighborhood, infusing it with a touch of Dubai’s opulence. What Happened: The deal, signed on Wednesday, will see the UAE collaborating with the Hungarian government to...

In a bid to capitalize on the thriving real estate market in Dubai, Emaar Properties is set to invest a whopping $21 billion in two high-end residential projects. The move comes as the city’s property prices and rents approach record levels. What Happened: Emaar, renowned for constructing the...

The U.S. has successfully disrupted financial flows between Russia and countries such as Turkey, the United Arab Emirates, and Kazakhstan. This was achieved through a warning to foreign financial institutions of potential sanctions, according to a senior U.S. Treasury official. What Happened: The U...

To expand its international footprint, Tesla’s Chinese rival XPeng Inc. (NYSE:XPEV) has established a long-term strategic partnership with Ali & Sons, a prominent automotive dealership group in the United Arab Emirates (UAE). What Happened: The partnership will see XPeng, a leading...

In a strategic move, Alibaba Group Holding Ltd. (NYSE:BABA) has initiated partnerships with local companies in Saudi Arabia and the United Arab Emirates (UAE) as China strengthens its relations with the Gulf region. What Happened: Alibaba’s President, Michael Evans, revealed the company...

Sam Altman, the CEO of OpenAI, is reportedly in discussions with potential investors to secure trillions of dollars for a groundbreaking tech initiative. The project aims to transform the global semiconductor industry and enhance the capacity for AI. What Happened: Altman is in talks with investors...

The U.S. Secretary of State, Antony Blinken, has embarked on a diplomatic mission to the Middle East to prevent a potential regional war. His itinerary includes visits to the United Arab Emirates, Saudi Arabia, and Israel. What Happened: Blinken set out on a five-day diplomatic journey starting...

Hedge fund maestro Ray Dalio calls the United Arab Emirates a “renaissance state” — rather for financial reasons than human rights factors. He and dozens of billionaires are willing to overlook the moral maze for a safer — and cheaper — place to barricade their wealth. Dalio and...

This year’s United Nations Climate Change Conference, or COP28, kicked off on Thursday in Dubai. Nations expressed renewed commitments to reduce their reliance on fossil fuels — deemed a moment of reckoning for oil companies. COP28 President and UAE leader Sultan Al Jaber said at the opening...

Changpeng Zhao, the founder of cryptocurrency giant Binance, is currently required to stay in the United States as a federal judge deliberates over a motion from the U.S. Department of Justice. This motion insists that Zhao should remain in the U.S. until his sentencing, which is expected early...

Former CEO of crypto exchange Binance (CRYPTO: BNB) Changpeng Zhao is contesting the U.S. government's attempt to modify his bail terms. In a fresh legal document, he challenged the notion that he poses a flight risk, despite holding citizenship in two other countries, including...