Saudi Arabia's government is planning to establish a US$40 billion fund dedicated to AI investment, signaling a strategic move to diversify its economy and solidify its position as a dominant force in the Middle East's AI landscape.
ADIA, the Emirate SWF, is strategically positioning itself to benefit from the trend of Western investors reducing their exposure to China.
The Dubai government has unveiled a new legislation requiring foreign banks operating within the emirate to pay a 20 percent annual tax. We discuss implications and exemptions.
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