The UAE has joined the US-led Pax Silica initiative that seeks to secure the AI and semiconductor supply chain, following the signing of a declaration at the Zayed National Museum in Abu Dhabi on Wednesday.
The coalition focuses on the advancement and innovation of compute, silicon, minerals and energy as shared strategic assets.
It was signed by UAE Minister of State Saeed Al Hajeri and US Under Secretary of State for Economic Affairs Jacob Helberg in the presence of UAE Minister of Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi.
Al Hajeri highlighted how the UAE is among the first countries invited to join the declaration, having attended the launch of Pax Silica in Washington last December.
He added that the UAE looks forward to work with the US and other signatory members to ensure that AI remains a driver for promoting prosperity.
Helberg emphasised on the significance of the strategic partnership as a representation of the structural shift in the economic system of the region, indicating the Gulf’s transition to a structure based on the foundations of sustainability.
He also extended an official invitation signed by US President Donald Trump and Secretary of State Marco Rubio for the UAE to participate in the Ministerial Meeting on Critical Minerals scheduled to be held in Washington in February.
Abu Dhabi’s Department of Municipalities and Transport has issued a package of administrative decisions to strengthen transparency, governance and investor protection across the real estate sector.
Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, and Executive Chairman of XRG, has received the 2026 Distinguished Global Leadership Award from the Washington D.C.-based Middle East Institute (MEI).
Dubai has achieved its highest ever ranking in the Global Financial Centres Index (GFCI), climbing to seventh place, underscoring the emirate’s rise as one of the world's most influential financial hubs and its importance in the global financial system.
Global equity markets, including from the U.S., Europe and Asia, rose while oil prices fell on Wednesday, as traders cheered news of ceasefire proposals to de-escalate the ongoing conflict in the Middle East.
Australia's centre-left government has introduced legislation in the parliament to double penalties for fuel price gouging on Wednesday as global supply disruptions due to the Iran war triggered fuel shortages in some rural regions.
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