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.
The Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
Passengers flying to Dubai through Emirates can now change their travel dates free of charge in an unlimited capacity under a new measure announced by the airline to offer greater flexibility.
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