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CleanCore Solutions announced it has accrued over 710 million Dogecoin tokens in its treasury, yielding more than US$20 million in unrealised gains as it edges toward a one-billion token target.

The Omaha-based company launched its Dogecoin treasury programme on 5 September, using proceeds from a US$175 million private placement to make phased acquisitions. The holding is backed by the Dogecoin Foundation and coordinated through its corporate arm, House of Doge.

At a trading price near US$0.245 per DOGE, CleanCore values its holdings at roughly US$173.9 million, leaving a buffer over its capital outlay after marking the gains.

Chief Executive Officer Clayton Adams described the strategy as aligned with “long-term vision of insiders and the House of Doge,” emphasising that the company is not just stacking DOGE but is seeking to expand its utility and maintain disciplined treasury management.

CleanCore says it maintains sufficient cash reserves to continue its accumulation efforts. It has forged a strategic alliance with Bitstamp by Robinhood to serve as the primary trading venue for its Dogecoin operations.

On the markets, shares of CleanCore fell 8.44 per cent to close at US$2.06, before a modest rebound of 1.46 per cent in after-hours trade.

Some analysts question the relevance of mNAV metrics for companies pursuing large crypto treasuries. Greg Cipolaro of NYDIG has argued that mNAV may neglect operational businesses beyond token holdings and may not properly account for convertible instruments.

Standard Chartered has cautioned that smaller firms with aggressive crypto treasury strategies could face overexposure pressures if market volatility intensifies, predicting that consolidation may occur among weaker players.

CleanCore continues to monitor short interest in its stock while working with the SEC to register shares issued under its private placement. The company also underscores that restricted and locked shares are held by insiders, the House of Doge, and affiliates.

The World Bank has trimmed its projection for South Asia’s economic expansion in 2026, citing elevated U. S. tariffs on Indian exports as a key drag. The region’s growth is now forecast at 5.8 percent, down from 6.6 percent this year.

The updated “South Asia Development Update” flags the U. S. trade measures as a major headwind, especially given India’s size and its integration into regional supply chains. The report sets India’s growth for fiscal year 2025–26 at 6.5 percent, up from its earlier estimate of 6.3 percent, but warns of a drop to 6.3 percent in 2026–27 as tariff pressures intensify.

The U. S. has imposed tariffs of up to 50 percent on a broad swath of Indian goods—impacting sectors such as textiles, gems and jewellery and seafood—affecting nearly $50 billion in exports. These are among the highest duties levied on any U. S. trading partner. The World Bank notes that these tariffs will particularly bite in 2026 as initial buffers from public spending fade.

Franziska Ohnsorge, chief economist for South Asia at the World Bank, asserted that the toll from trade restrictions reflects “a reversal of the gains” India had made in integrating into global value chains. She urged structural adjustments: lowering tariffs and signing free trade agreements to support export competitiveness.

Beyond India, Bangladesh and Sri Lanka show varying trajectories. The Bank upgrades forecasts for Bangladesh and Sri Lanka, citing easing fiscal strain and improving external balances. Meanwhile, Nepal and the Maldives bear the brunt of tighter global conditions, with their outlooks revised downward.

Policy responses in India are already in motion. The government launched sweeping tax cuts spanning consumer goods to automobiles, one of the largest fiscal interventions in recent years. Concurrently, infrastructure spending is being boosted to drive domestic demand and counterbalance export headwinds. The Reserve Bank of India held its repo rate at 5.50 percent in October, citing subdued inflation and leaving open room for a future cut.

Indian officials remain confident. Finance Minister Nirmala Sitharaman called the economy “resilient,” expressing faith it could absorb external shocks while targeting an ambitious 8 percent growth. The Chief Economic Adviser affirmed earlier forecasts of 6.3–6.8 percent GDP growth, downplaying long-term damage from trade friction.

International institutions have also flagged downside risks. The Asian Development Bank cut India’s FY 26 forecast to 6.5 percent from 6.7 percent, pointing to duty pressures and policy uncertainty. The IMF earlier trimmed India’s 2025-26 prediction to 6.2 percent, citing heightened global trade tensions.

The World Bank’s report emphasises that over the medium term, trade liberalisation combined with labour flexibility and investment in digital infrastructure could help South Asia reclaim momentum. Within the document, a scenario of tariff cuts and deeper trade integration is modelled to yield significant gains in productivity, employment, and output per capita.

Still, the path ahead is fraught. The report cautions that the region is vulnerable to a global slowdown, geopolitical shocks and labor market disruptions from artificial intelligence. In particular, it warns that weaker export growth from India will spill over across the region via trade, financial and migrant-worker channels.

Fight Fight Fight LLC, the company behind the TRUMP memecoin, has launched a capital-raising campaign of at least $200 million with ambitions that could scale up to $1 billion to establish a dedicated digital asset treasury that would accumulate holdings of the token, according to people with knowledge of the matter.

The undertaking is led by Bill Zanker, a long-time promoter and Trump ally, and signifies one of the most aggressive attempts yet to stabilise a creator-driven token through internal backing. The funds would be deployed primarily to purchase TRUMP tokens from the open market, an effort to shore up price and signal confidence in what has become a volatile asset.

TRUMP, launched just before Donald Trump’s second inauguration, operates on the Solana blockchain under two joint issuers—Fight Fight Fight LLC and CIC Digital—together controlling 80 percent of its total supply. The public tranche was released in January 2025, and the token rapidly gained speculative traction before encountering steep declines.

Insiders caution that the fundraising process is ongoing and not guaranteed to succeed in full. They also note that structuring such a treasury around a politically branded memecoin carries substantial market, regulatory and reputational risks.

Cryptocurrency analysts observe that the move is consistent with broader trends in 2025: increasingly, token issuers are creating “treasury models” to backstop flagging price action. Yet few of those are tethered so explicitly to a political figure or narrative, making the TRUMP case unique.

The token’s price trajectory has been volatile. After peaking earlier in the year, it has fallen sharply—losing more than 80 percent of its value from highs—attracting scrutiny about its speculative nature and sustainability. Meanwhile, TRUMP maintains strong social media backing and occasional high-visibility events, such as a dinner hosted by Trump in May for top token holders, which had triggered a notable price bump.

In June, plans were floated by the issuer to launch an “Official Trump Wallet” to facilitate trading and custody, but disputes emerged with World Liberty Financial. Those tensions underscored internal complexity and fragmented control within the broader Trump crypto ecosystem.

Analysts underline that for the treasury plan to have long-term impact, it must go beyond buybacks. Critics argue that stockpiling tokens may serve only short-term price support, lacking sustainable utility or integration into broader infrastructure. There is a risk that concentrated control over token issuance and vesting schedules could invite regulatory scrutiny or undermine confidence among external investors.

Institutional curiosity is emerging: Canary Capital Group has reportedly filed paperwork with U. S. regulators to launch a spot ETF tied to TRUMP. Yet the Securities and Exchange Commission’s cautious posture toward meme coins, and obstacles in listing a futures-based derivative market, could impede progress.

The broader Trump-adjacent crypto strategy has already stretched into multiple verticals. Trump Media & Technology Group announced a $2.5 billion initiative to build a bitcoin treasury, and World Liberty Financial has launched a $1.5 billion self-buy programme in its own token, WLFI. In that case, about half the funding is to be in WLFI itself, with the rest directed to debt settlement and resale.

Serbia will serve as the Future Digital Economy Partner Country at GITEX Global 2025 in Dubai, becoming the first European nation accorded that role. The designation foregrounds Serbia’s ambitions to reposition itself from outsourcing hub to innovator in global tech markets.

Serbia’s IT exports crossed €3.5 billion in 2023, and the sector has maintained close to 20 percent year-on-year growth. The number of IT firms now exceeds 4,000, with many branching into domains such as fintech, health tech, AI and gaming. The Chamber of Commerce and Industry of Serbia, which leads the national delegation, views the GITEX platform as an opportunity to elevate the country’s narrative beyond cost-competitiveness to creative capacity.

Marko Čadež, president of CCIS, said Serbian firms are now pitching themselves as long-term transformation partners rather than simple vendors. He emphasised that enterprises increasingly expect strategic collaboration, not just software delivery. Meanwhile, analysts point to Serbia’s strong foundations—high math and engineering education standards, English proficiency, and relatively affordable costs—as a competitive edge in Eastern Europe.

Yet Serbia confronts headwinds. Talent retention is an ongoing challenge: many trained professionals migrate to Western Europe or the U. S. Infrastructure remains uneven, with rural areas lagging behind Belgrade in connectivity. In addition, venture capital inflows to the Balkans are smaller compared to Western Europe, constraining the ability of startups to scale aggressively.

Serbia is attempting to counterbalance those constraints through targeted programmes. The Chamber of Commerce has launched “Start 2,” a support scheme for scale-up firms, which includes mentoring and market access, and will be showcased at GITEX Europe in Berlin. The programme focuses on Serbian companies already achieving revenues above €250,000 and aims to open doors into German and EU markets.

At GITEX Global 2025, Serbia will present a showcase of startups and products under “North Star,” highlighting innovations in AI, e-commerce, predictive analytics, and diagnostics tools. Its delegation will also include outsourcing firms pitching upscaled offerings—product co-development, R&D support, and domain expertise in sectors such as telecom and healthcare.

GITEX organisers themselves have underscored Serbia’s place among rising tech nations: the 2025 edition includes 6,800 tech enterprises, 2,000 startups, and participant countries from 180 nations. Serbia joins Brazil and Pakistan as Country Partners this year—a reflection of the broader intention to diversify the event’s global footprint. The spotlight on AI, biotech, semiconductors, data infrastructure, and robotics offers Serbia a chance to align its exposure with the global themes defining tech agendas.

ASUS has confirmed that it will spotlight a broad suite of AI-enabled products and infrastructure at GITEX Global 2025, framing its participation around the theme “Ubiquitous AI. Incredible Possibilities.” The corporation aims to demonstrate how artificial intelligence can permeate devices, enterprise systems and urban environments.

The company’s exhibit will cover four core domains: AI-first design, cloud integration, sustainability and education technology. On the hardware front, ASUS plans to showcase the B5405 ergonomic laptop, the P5405 with a 47 TOPS NPU, and the B9403 weighing under 1 kg with all-day battery life. Chromebook models such as the CX5403 Plus and Windows devices like the BR1204 will cater to education users.

In its infrastructure tier, ASUS will highlight its AI POD, HGX servers and the Ascent GX10 platform powered by the NVIDIA GB10 Grace Blackwell superchip. Workspace innovation will include compact offerings such as the NUC 15 Pro and NUC 14 Pro AI. On the edge side, embedded systems for smart cities and autonomous systems—such as the PE2200U, PE6000G, and PE2100N—are also in the lineup.

ASUS emphasises the role of partnership in its vision. It plans to accentuate cooperation with NVIDIA via its “Enterprise AI Factory” programme, which supports AI-ready racks and POD designs tuned for large language models and immersive workloads. The company will also underline measures in security, durability and ease of maintenance across its product line.

Tolga Özdil, Regional SYS Commercial Director for META at ASUS, remarked that the Middle East is positioned at a digital inflection point, with AI shaping institutional and economic evolution. He framed GITEX as a platform to bring the company’s latest innovations into conversation with regional stakeholders. ASUS’s Regional Director for Middle East & Africa, Senic Chiu, added that the event offers opportunity to show how intelligent tools can reshape industries and daily life.

ASUS’s timing comes against the backdrop of an intensifying global push for AI infrastructure. GITEX 2025 is expected to draw more than 6,800 tech firms and 2,000 startups from 180 countries. Key event themes include advancements in quantum, biotech, data centres and robotics.

Beyond individual exhibitors, the show underscores the rapid expansion of the global AI economy. According to organisers, investment in data centres alone is forecast to surpass US$500 billion in 2025. Meanwhile, GITEX’s startup track, Expand North Star, will run in parallel and feature over 1,200 investors managing US$1.1 trillion in assets.

ASUS’s introduction of its AI roadmap at this scale signals that device manufacturers are no longer content to remain at the periphery of the AI stack. As more process layers—from silicon to application—are exposed to AI optimisation, hardware firms are positioning themselves to own more of the value chain. However, challenges remain: power efficiency, thermal constraints, ethical AI integration and data security are frontlines ASUS must navigate.

The Labour Fund, Tamkeen, has confirmed it will organise the Kingdom of Bahrain’s pavilion at GITEX Global 2025 in Dubai, featuring 14 Bahraini technology start-ups and small and medium enterprises alongside the Economic Development Board and ARRAY Innovations.

The event, scheduled from 13 to 17 October 2025, promises to provide the participating firms with access to global investors, partners and industry networks. The pavilion’s aim is explicit: to boost the international visibility of Bahrain’s ICT ecosystem and facilitate business growth.

Tamkeen’s announcement places it firmly in a leadership role for the pavilion’s curation and operations. The decision aligns with its 2025 strategic priorities, which emphasise supporting enterprise growth, promoting digitalisation, strengthening private-sector competitiveness and fostering sustainability.

Officials from Tamkeen and the Economic Development Board have highlighted that the selection of the 14 entities spans multiple subsectors within ICT, including software, data analytics, cybersecurity, and emerging technologies. They say the mix is intended to reflect both Bahrain’s current strengths and its ambitions for diversification.

In past editions of GITEX, Bahrain’s pavilion drew attention from regional and international delegations. During GITEX Global 2024, the pavilion was credited with facilitating multiple memoranda and partnership discussions. Tamkeen’s continued involvement signals its belief that sustained pavilion presence is critical to maintaining momentum in Bahrain’s tech diplomacy.

Some observers note that Bahrain’s tech infrastructure and regulatory environment are increasingly seen as competitive in the Gulf region. Over the past few years, the kingdom has liberalised foreign ownership rules in certain sectors and introduced incentives for startups and innovation funds. This pavilion engagement is viewed by analysts as part of a broader soft-power strategy to position Bahrain as a hub for digital investment.

However, challenges remain. For many Bahraini startups, scaling beyond domestic markets continues to be difficult. Access to international capital, navigating cross-jurisdictional regulation, and building brand recognition are persistent hurdles. Critics caution that pavilion exposure does not always translate into long-term market entry, and that stronger post-exhibition support is needed to ensure sustained growth.

Tamkeen has stated that it plans to accompany pavilion exposure with mentorship, investor matchmaking and export facilitation services for participating firms. The hope is that a combination of showcase visibility and structural support will help convert leads into lasting collaborations.

Already, the pavilion has generated interest among regional stakeholders. Several Gulf regional delegations and venture capital firms have expressed intent to engage with Bahrain’s teams during the event. The EDB is reportedly coordinating bilateral sessions between Bahrain’s entrants and visiting foreign trade missions.

For the 2025 edition, organisers have introduced a more structured schedule for pitch sessions, one-on-one meetings and thematic forums. This signals learning from past editions, where informal networking sometimes overshadowed targeted client engagement. Tamkeen officials have emphasised tighter alignment of startup offerings with investor interest sectors like fintech, AI and cloud services.

Within Bahrain’s domestic ecosystem, private sector associations and incubators have welcomed the announcement. Some have pushed for better curation, arguing that selecting firms with proven traction or clear roadmaps increases the chance that pavilion participation yields concrete contracts or investment.

Organisers have confirmed that Future Blockchain Summit x Fintech Surge will take place at Dubai Harbour from 12 to 15 October 2025, positioning the event as a central nexus for blockchain, digital assets, and fintech innovation across the MENA region. The four-day gathering, held alongside Expand North Star and powered by GITEX GLOBAL, aims to attract regulators, investors, entrepreneurs and technologists to shape emerging frameworks for finance.

Attendance is expected to exceed 70,000, with over 1,200 investors and more than 225 speakers scheduled to participate, alongside 150 exhibitors showcasing new products and solutions. A feature highlight is the Digital Assets Forum, which brings regulators, banks, and innovators together for intensive discussions on topics such as CBDCs, stablecoins, tokenised capital markets, cross-border regulation and the role of AI in compliance.

Speakers confirmed include Jimmy Su, Lily Liu, Eric Piscini, Oliver Stauber, Helen Liu and Kevin Lee. The event also features the Supernova Challenge, a startup pitch competition offering equity-free prizes totalling US$214,000 to finalists presenting to global judges and investors. Corporations such as Ruya, OKX and DKK Partners anchor the sponsorship tiers, while YPAY backs the Digital Assets Forum.

Dubai has been steadily reinforcing its position in the digital asset ecosystem. Earlier this year, the DAMAC Group signed a $1 billion contract with blockchain platform MANTRA to tokenise its real-world assets, a move aligned with the UAE’s aspirations to become a global digital assets hub. The country has been actively implementing regulatory frameworks, particularly in free zones like ADGM and DMCC, to attract blockchain firms and promote tokenisation of assets.

Investment momentum in the broader crypto and fintech sphere in the UAE has been robust. In the first quarter of 2025, global venture capital funding into cryptotech startups reached $5.4 billion, its highest quarterly total since 2022. Dubai has hosted major conferences such as TOKEN2049, drawing tens of thousands of participants and signalling regional leadership, though industry sentiment currently balances optimism with caution amid regulatory uncertainty and macro-economic pressures.

Technology trends driving this year’s agenda include the convergence of AI and blockchain, regulatory clarity for digital assets, tokenised infrastructure, and embedded finance. A newly published academic framework proposes integrating blockchain with Zero Trust security models to improve protection against insider threats in fintech ecosystems — a demonstration of how research is intersecting with commercial deployment.

Organisers emphasise that the event’s format is more than a conference: it is designed to enable deal-making, pilot launches and real partnerships. One-to-one investor matchmaking, live product demonstrations, and structured labs are scheduled to convert ideas into actionable projects. Startups exhibiting at Expand North Star receive automatic inclusion in the Supernova Challenge, deepening integration between the startup and blockchain-fintech community.

Regulators from the MENA region and beyond are expected to engage at the forum. Discussions will centre on harmonising cross-border rules, interoperability of digital asset legislation, and pathways for institutional adoption of tokenised assets. Several central banks may share updates on central bank digital currency explorations.

BitMine Immersion Technologies has disclosed crypto and cash holdings amounting to $13.4 billion, with 2,830,151 ETH tokens forming the bulk of its position, according to its latest statement.

The company’s portfolio also includes 192 Bitcoin, $113 million in “moonshot” equity investments such as Eightco Holdings, and $456 million in unencumbered cash, positioning it as one of the largest public crypto treasuries by ETH exposure.

BitMine’s ETH stash represents roughly 2 percent of total Ethereum supply, underscoring the firm’s aggressive accumulation strategy. In its announcement, the company reaffirmed its ambition to reach a “5 percent alchemy” threshold—i. e., to hold 5 percent of ETH’s total circulation.

Thomas “Tom” Lee of Fundstrat, chairman of BitMine, framed ETH as the “premier choice” for its reliability, 100 percent uptime, and alignment with institutional and AI adoption in blockchain infrastructure. He argued that as Wall Street and AI increasingly anchor on the blockchain, Ethereum offers structural advantage.

The disclosed holdings mark a dramatic acceleration in BitMine’s pivot from bitcoin mining toward becoming a major Ethereum treasury vehicle. The firm claims it now leads all publicly traded companies in ETH holdings, and ranks second globally in treasury scale behind Strategy, Inc.

Investors and markets responded swiftly to BitMine’s disclosures and related developments. In July, shares soared following a regulatory filing revealing that Peter Thiel’s Founders Fund had taken a 9.1 percent stake in the company, making him its largest known institutional shareholder. That news helped drive BitMine’s stock to near-record intraday gains.

Analysts view the firm’s strategy as part of a broader trend: smaller-cap crypto and blockchain firms are increasingly diversifying beyond bitcoin into ETH-focused treasury allocations. BitMine’s velocity of accumulation and the high liquidity of its stock have drawn comparisons to Michael Saylor’s bitcoin strategy at MicroStrategy.

Regulatory and market timing factors may amplify or constrain BitMine’s ambition. The U. S. SEC’s evolving posture toward digital asset teams—including Project Crypto and the so-called “GENIUS Act” proposals—could shape the framing of Ethereum as a mainstream institutional asset, or alternatively intensify scrutiny of crypto treasury holdings.

Sceptics point to concentration risk and valuation vulnerability. Holding such a large share of a single token leaves BitMine exposed to ETH price swings, smart contract risks, network upgrades, and macro-crypto sentiment downturns. As the firm presses toward its 5 percent goal, it will also face growing attention from regulators, market participants, and the Ethereum community around centralisation concerns.

Still, BitMine’s approach stands out for its bold scale and speed. The company argues that the “power law benefits” favour large holders of ETH, and that a discount between ETH price and its future utility—particularly under rising AI and blockchain convergence narratives—makes accumulation compelling.

Lagos welcomed commissioners for Innovation, Science and Technology from states across Nigeria to a high-level roundtable held under the aegis of the GITEX Africa tech gathering. The objective: align digital agendas, forge inter-state partnerships, and drive inclusive growth in a rapidly evolving ICT landscape.

The meeting convened key figures including Senator Shuaib Afolabi Salisu, chairman of the Senate Committee on ICT and Cybersecurity, and Lagos Commissioner Olatunbosun Alake, together with commissioners from Enugu, Cross River, Jigawa, Katsina, Kaduna, Yobe, Nasarawa, Ogun, Niger, Plateau, Borno, Zamfara and Ondo. Lagos State’s Permanent Secretary for Innovation, Science and Technology, Ibilola Kasunmu, also participated in framing the discussions. Observers noted that the roundtable sought to embed state-level digital initiatives into Nigeria’s broader national strategy.

Alake emphasised Lagos’s ambition to serve as a model for digital infrastructure, talent development and regulatory innovation. He proposed that states engage in exchange programmes, technical cooperation, and peer learning in domains ranging from broadband deployment to digital skills training. Salisu urged the participants to tie ICT plans to each state’s development priorities—education, healthcare, finance—to ensure sustained political will and funding. He flagged work underway in the National Assembly on bills to strengthen cybersecurity, data protection, and innovation regulation.

The roundtable in Lagos marks a shift toward greater coordination among sub-national actors in Nigeria’s digital transition. Until now, many states have pursued ICT policies in isolation, often duplicating efforts or confronting resource gaps. This initiative signals more strategic collaboration.

Beyond the roundtable, Lagos reiterated its commitment to leading the digital transformation. The state has pledged to sustain investment in fibre networks, smart city systems, regulatory reform and innovation hubs. Officials announced that Lagos will increase support for start-ups through grants, incubators and mentorship programmes. The state also seeks to broker partnerships between academic institutions, the private sector and state governments to expand capacity in AI, cloud computing and cybersecurity.

Voices from attending states expressed cautious optimism. Cross River’s commissioner described the roundtable as “the first step toward removing silos” and noted plans to adopt digital identity and analytics platforms in her jurisdiction. Enugu’s commissioner underscored the need for shared platforms rather than bespoke solutions in each state, to reduce costs and foster interoperability.

iFLYTEK is stepping up its engagement in the Middle East, unveiling two flagship AI products at GITEX 2025 in Dubai as part of a broader strategy to localise its offerings and anchor its presence in the region.

The company’s showcase spans three core portfolios—AI Translation, AI Infrastructure and AI Solutions—tailored for Gulf markets, with particular emphasis on Arabic dialect support and secure deployment. Among the new offerings is the AI Translation Earbuds, designed to enable seamless multilingual communication, and the e-ink AINote 2 work device, both making their global debut at the event. The debut underscores iFLYTEK’s intent to go beyond product marketing, emphasising solutions that address regional business needs.

Vincent Zhan, Vice President of iFLYTEK, asserted that the company is focused “to deliver intelligent solutions that address real business challenges” rather than merely present tech demonstrations. The firm has already placed a local team in Dubai to oversee deployment, maintenance, and customer support. It also customised algorithms to handle multiple Arabic dialects, expecting that linguistic responsiveness will differentiate it from global rivals.

iFLYTEK’s portfolio for the event includes the Spark WallEX system, designed for intelligent space management, along with Spark Smart Blackboard and Spark GuideX. The firm says these are engineered to support a range of sectors, including education, healthcare, enterprise operations and government. Its “All-in-One AI Solution” is positioned as a secure infrastructure package for organisations seeking turnkey AI adoption.

The Middle East expansion is part of a larger international push. Outside Asia, iFLYTEK is targeting Europe, as trade tensions and regulatory pressures create incentives to diversify markets. It is reportedly planning offices in France and Hungary, with growth ambitions in Spain and Italy. In March 2025, Zhan cited tariffs in the US as influencing iFLYTEK’s decision to look more aggressively into Europe and the Gulf.

China’s AI giant also faces headwinds. It was placed on a US trade blacklist in 2019, making procurement of certain high-end components dependent on US approvals. To mitigate vulnerability, iFLYTEK has shifted many of its models to Huawei’s chip platforms. It developed its Xinghuo X1 large language model in partnership with Huawei, reportedly running entirely on domestic chips. The firm claims to have pushed chip efficiency from 20 per cent to nearly 80 per cent of equivalent U. S. hardware, though Huawei leadership acknowledges that domestic chips still lag behind by a generation.

Market observers note that iFLYTEK’s shift toward the Gulf aligns with governments in the UAE and Saudi Arabia pushing AI-first national strategies. However, the company must navigate regulatory, data residency and market competition risks. In the Gulf, local AI and language processing firms are emerging, and global players like Amazon and Microsoft are pressing deeper into the region.

iFLYTEK’s presence at major global events is integral to its positioning. In July 2025, at MWC Shanghai, it launched the Spark All-in-One AI Machine and Dual-Screen Translator 2.0—capable of handling translation across dozens of languages—to reinforce its push into enterprise AI. The company has also rolled out smart products such as the AINOTE Air 2 across Asia and Gulf markets, with strong uptake in multilingual productivity segments.

By Nitya Chakraborty Indian foreign policy makers have at last showing some mature understanding of the geopolitics of the post-Trump.2 months if the external affairs minister Dr. S Jaishankar’s observations at the concluding session of Kautilya Economic Conclave in New Delhi on Sunday, are any indication. The minister was quite candid in explaining the complexity […]

The article EAM Jaishankar Is Right: Trump Has To Respect India’s Red Lines appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Dubai has issued Law No. of 2025 to regulate the professional practice of engineering consultancy firms, forbidding unlicensed operations and introducing a tiered classification system.

Under the law, no individual or office may conduct consultancy across fields such as architectural, civil, mechanical, electrical, chemical, geological or coastal engineering in the emirate without proper authorisation. Firms must hold a valid trade licence, register with Dubai Municipality, and submit detailed disclosures regarding their licensed scope, classification, and technical staff credentials.

A unified electronic platform, to be integrated with “Invest in Dubai,” will centralise firm registration, classification, issuance of competency certificates, and updates to consultancy qualifications.

A permanent “Committee for the Regulation and Development of Engineering Consultancy Activities” will be established under the law, chaired by a Dubai Municipality representative and comprising stakeholders from relevant authorities, tasked with overseeing implementation and resolving sectoral disputes.

The legislation classifies eligible firms into several categories: local Dubai-based companies; branches of UAE-based consultancies with at least three consecutive years of experience; branches of foreign consultancies with at least ten years of global experience; joint ventures between local and foreign players with at least a decade of consultancy track record; advisory offices led by registered engineers with a decade of experience; and engineering audit offices providing third-party evaluations.

Firms are barred from operating beyond their licence scope, hiring unregistered engineers or subcontracting to unlicensed entities. Violations can attract fines up to AED 100,000, stricter penalties for repeat breaches, suspension, downgrading classification, removal from the registry, licence cancellation, or revocation of professional certificates. Affected parties may file appeals within 30 days and decisions must be issued within 30 days, communicated within five working days.

Existing regulations under Local Order No. 89 of 1994 and its amendments will remain effective until new implementing regulations are issued, provided they do not conflict with the new law.

Consultancy firms and staff will have one year from the law’s effective date to regularise their status; extensions may be granted, and expired registrations can be renewed by committing to full compliance.

Dubai’s move mirrors the emirate’s broader legal recalibration of the infrastructure sector. In July 2025, Law No. 7 of 2025 was enacted to regulate contracting activities, consolidating prior laws and mandating registration, classification, subcontracting oversight and ethics codes across construction and engineering services. The new consultancy law can be seen as a complementary measure to ensure that consultancy services feeding into contracting projects meet defined quality and governance standards.

Industry stakeholders have expressed cautious optimism about the changes. Some consultancy firms believe the law will reduce unfair competition by eliminating unlicensed operators, thus raising standards overall. Others warn of compliance costs, especially for smaller local consultancies that may struggle to meet classification thresholds or hire adequately certified staff.

Regional and international firms see opportunity in the rule clarity and the potential to compete more transparently. Observers expect the new digital registry and classification framework to influence government procurement and tenders by favouring higher-ranked consultancies.