TRADE-

Dubai International Chamber opens first Eastern Europe office in Warsaw:

Dubai International Chamber opened a representative office in Warsaw, Poland — its first in Eastern Europe — state news agency Wam reports. The new office looks to work with key public and private sector entities in Poland and provide networking and business support to encourage them to set up shop in Dubai. It is part of the Dubai Global initiative targeting 50 international representative offices by 2030.

ENERGY-

Dubai-based Superior Technology Systems and GE Vernova secured a contract for a 3 GW gas-fired power plant and LNG import terminal at Iraq’s Grand Faw Port, Mees reported. The project is set to be finished by 2030. The contract’s value wasn’t disclosed.

About the project: The plant operators will be responsible for securing gas, with Iraq paying only for delivered electricity under Take and Pay terms. Excess output will feed into Iraq’s national grid.

PAYMENT SERVICES-

Global payment services giant Visa plans to relocate its regional digital sales center from Dubai to Cairo on the back of the country’s competitive advantages in operational costs, efficiency, and technical infrastructure, company representatives said during a meeting with Egyptian Investment Minister Hassan El Khatib. The company has already quadrupled its workforce at its Cairo office to around 120 employees and views Egypt as one of its “core markets” for its global strategy, alongside Japan, Germany, Brazil, Mexico, Saudi Arabia, and South Africa.

FINANCE-

NBF, India’s Yubi launch supply chain financing solution for SMEs: The National Bank of Fujairah (NBF) partnered with India-based corporate debt solution firm Yubi to develop a platform that provides supply chain financing for Emirati SMEs, according to a press release. The platform will be fully digital and aims to speed up firms’ access to financing solutions.

UTILITIES-

InfraX, Itron partner to advance UAE smart utility and IoT infrastructure: Dubai Electricity and Water Authority’s digital arm InfraX signed an MoU with US-based smart utilities firm Itron to co-develop smart utility and IoT solutions, according to a press release.

Under the agreement, the two companies will collaborate to boost the energy management, smart meter, and smart city sectors in the UAE.

ALSO- InfraX expands IoT partnerships: InfraX also signed an MoU with UAE-based system integrator MEA-Comm to accelerate industrial IoT and smart infrastructure development, according to a press release. The partnership will carry out assessments on edge technology — across IoT devices — and digital twins infrastructure to use in monitoring and predictive maintenance activity in the UAE’s utilities and critical industries sectors.

AI-

Dubai approves new AI and startup initiatives to boost digital economy: Dubai Crown Prince and Executive Council Chairman Hamdan bin Mohammed bin Rashid Al Maktoum approved a set of AI-focused initiatives to boost Dubai’s digital economy, state news agency Wam reports.

For government firms: The new AI Infrastructure Empowerment platform provides government firms with smart infrastructure and tech to help them deploy AI in their sectors more effectively. The Dubai AI Acceleration Taskforce will boost collaboration between government firms and look at challenges faced in integrating AI into their operations.

On the startup front, the Unicorn 30 Programme will support 30 promising startups working in emerging sectors with a view to turning them into unicorns by providing them with regulatory, financial, and governance support.

AMD, Kerno to co-develop Emirati-made AI and cloud infrastructure: American semiconductor company AMD has signed an agreement with Emirati enterprise IT infrastructure firm Kerno to boost regional AI and cloud infrastructure development, with a focus on the UAE and Saudi Arabia, according to a press release. The partnership will see the two firms co-develop enterprise solutions designed, built, and supported in the UAE under a new Made in the Emirates initiative.

ALSO- The companies plan to establish a joint testing and integration lab and explore setting up an AI competency center in the UAE to support local enterprise and government deployments.

BUSINESS-

Foresee Solutions partners with Yonyou: UAE-based technology consultancy ForeseeSolutions has inked a regional distribution and integration partnership with Chinese enterprise management and cloud services provider Yonyou during GITEX Global 2025 in Dubai, according to a press release. The collaboration will enable Foresee to offer Yonyou’s enterprise resource planning and enterprise software solutions to regional clients working in the manufacturing, construction, retail, food and beverage, and distribution sectors.

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