Browsing: Economic growth

Dubai-based property giant DAMAC Group has bolstered its investment in the thriving artificial intelligence (AI) sector through a $50m deal with Anthropic. The conglomerate has also made substantial investments in xAI, an American AI startup founded by Elon Musk, and Mistral, a French AI firm.

UAE economy is poised for further growth in the latter part of this year, achieving significant advancements and remarkable achievements due to a stable investment and economic environment capable of thriving amidst global economic uncertainties.