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Ministry of Foreign Trade partners with Presight to deliver new AI-powered trade platform - وكالة أنباء الإمارات

WAM · Jan 19

The Ministry of Foreign Trade has partnered with Presight, an AI company, to develop a new AI-powered platform. This collaboration aims to enhance and optimize various aspects of trade operations within the country. The platform will leverage artificial intelligence to improve efficiency and decision-making in the foreign trade sector. Why it matters: This initiative highlights the UAE's strategic push to integrate advanced AI technologies into its key economic sectors to drive efficiency and competitiveness.

Saudi, UN officials discuss trade and AI in Austria - Arab News PK

SPA · Dec 19

Saudi officials met with UN representatives in Vienna, Austria to discuss enhancing trade cooperation. They explored ways to leverage artificial intelligence to facilitate trade and investment. The discussions also covered streamlining customs procedures and promoting sustainable development goals. Why it matters: This meeting indicates Saudi Arabia's interest in using AI to improve its trade capabilities and align with global sustainability efforts.

UAE ‘ahead of schedule’ to invest $1.4 trillion in US, says business council - Khaleej Times

Khaleej Times · Jun 4

The United Arab Emirates is reportedly ahead of schedule to invest a significant $1.4 trillion in the United States, according to a business council. This announcement highlights the deep and expanding economic relationship between the two nations, showcasing the UAE's substantial financial commitment abroad. The immense scale of this investment underscores the strategic economic planning and global reach of the UAE. Why it matters: While not explicitly focused on AI in the title, such a massive investment by a leading Middle Eastern nation is likely to encompass strategic technology sectors and advanced industries, indirectly supporting AI development and innovation.