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Technology
The United States has eased export rules for the UAE, letting approved government bodies and companies buy advanced Nvidia AI chips without a licence for the first time. The move places the UAE alongside Washington's closest allies and is expected to accelerate data centre and AI infrastructure growth across Dubai and Abu Dhabi.
Funding
Abu Dhabi-based AI infrastructure operator Core42 has secured a $550 million structured trade finance facility from HSBC, one of the largest AI-dedicated financing deals ever recorded in the region. The funding will fast-track the company's international cloud and high-performance compute expansion as global appetite for AI infrastructure hits record levels.