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Europe
Technology
UAE, French Presidents witness signing of UAE-France Framework for Cooperation in Artificial Intelligence in Paris
The two leaders emphasized a strategic AI partnership, focusing on collaboration, investment, and Virtual Data Embassies
Economy
Bank of England cuts interest rates to 4.5 percent, lowest since 18 months
This decision follows December's unexpected inflation drop from 2.6 percent to 2.5 percent
Technology
South Korea latest country to block DeepSeek access in government ministries amid security concerns
The government also advised ministries to exercise caution when using AI services like ChatGPT
Hospitality & Tourism
Qatar sees 190,000+ cruise passengers in early 2024/2025 season
Germany led with 30.2 percent of arrivals, followed by Russia at 10.8 percent and Italy at 9.2 percent.
Banking & Finance
What Trump’s sovereign wealth fund means for TikTok
Trump proposed a sovereign wealth fund to address American security and user privacy concerns
Logistics
Trump’s tariff policies explained: EU next in line following Canada, Mexico and China
When asked about the UK, the US president said that trade issues with the UK could be worked out
Logistics
Dubai International Chamber attracts 51 multinational companies in 2024, 55 percent growth achieved
The chamber participated in 127 global events in 78 cities across 50 countries
Economy
Markets surge after ECB cuts interest rates for fifth time to 2.75 percent
Eurozone stagnation due to industrial recession leads ECB to continue its easing trajectory
Technology
DeepSeek under fire in Europe as Ireland and Italy investigate data handling
Both regulators united against China’s AI chatbot over data protection issues
Markets
UAE gold prices gain AED0.25, global rates rise ahead of key U.S. inflation data
Fed signaled no rush in lowering borrowing costs until inflation and jobs data made it appropriate to begin another easing cycle
Miscellaneous
Estonia reaches 100 percent digital government services as UAE aims for 2,000 bureaucratic cuts
Both nations are dedicated to advancing digital transformation and enhancing services for citizens
Banking & Finance
NEOM secures $3 billion financing facility with Italy’s SACE to support key projects
Deal marks NEOM's first corporate ECA financing and the largest untied financing ever guaranteed by SACE
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