Abu Dhabi’s commerce chamber eyes cooperation with the US

The Abu Dhabi Chamber of Commerce and Industry is looking to expand bilateral investment flows between the emirate and the US, as well as boost business ties, under a newly signed cooperationagreement with the US Chamber of Commerce.

What’s in it? The agreement covers trade and investment cooperation, alongside economic events and trade delegation exchanges. The two sides will also create an institutional platform to boost bilateral private sector activity and support companies expanding into each other’s markets.

IN CONTEXT- US President Donald Trump inked USD 200 bn worth of investment agreements between the US and the UAE during his visit to the Emirates last May . The agreements covered energy, critical minerals, and AI.

Shipfinex secures in-principle clearance for ship tokenization

Dubai-based Shipfinex secured in-principle approval for a broker-dealer license from the Virtual Assets Regulatory Authority, clearing the first regulatory hurdle toward operating as a virtual asset service provider (Vasp) in the emirate, according to a press release.

A closer look: Shipfinex plans to tokenize vessels using distributed ledger technology, issuing what it calls maritime asset tokens that represent fractional interests in ships — an asset class that has typically been the preserve of institutional capital and private maritime funds.

What’s next: Shipfinex is now working to secure a full Vasp license, which would allow it to formally conduct broker-dealer activities in virtual assets from Dubai.

RAK Ports lock in a 700k sq ft fabrication build

RAK is doubling down on heavy-lift exports: UAE-based APT Global is investing AED 50 mn to build a 700k sq ft facility within RAK Maritime City Freezone, bringing its total footprint in the zone to 2 mn sq ft, according to a statement. The factory looks to position Ras Al Khaimah as a specialized hub for exporting oversized infrastructure.

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