Dubai now has its own Silk Road strategy, which aims to promote the emirate’s position as a global trade and logistics hub.
It’s one of the major elements of Dubai’s 50-year development charter announced earlier this year.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has approved the new initiative, which will focus on enhancing trade between free zones and the rest of the Emirates.
It will also boost connections between DP World terminals across the world with Emirates Airline playing a key role.
The strategy has been prepared by the Ports, Customs and Free Zone Corporation (PCFC) in partnership with key government entities.
It comprises nine initiatives and 33 projects that will see the collaboration of Emirates Airline, Dubai Airports, Dubai South, Dubai Free Zones (DFZ) Council, Dubai Maritime City Authority (DMCA), Dubai Roads and Transport Authority, DP World, Dubai Municipality, and Jebel Ali Free Zone.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, has explored opportunities for cooperation in the banking sector during talks with Bernard Mensah, President of International for Bank of America.
Small AI models may be only months away from being able to copy themselves onto everyday internet-connected devices, such as smart ovens and cheap Android TV boxes, according to research published by Anthropic on Monday.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has praised the progress of the Dubai Cashless Strategy, with cashless transactions now accounting for 90.1 per cent of all transactions in the Emirate.
The Dubai Integrated Economic Zones Authority (DIEZ) has announced the doubling of the venture capital fund managed by its investment arm, Oraseya Capital, from AED500 million to AED1 billion.