The Managing Director of social media platform X in the MENA region, Antoine Caironi, has praised the UAE’s investment in its digital economy, saying the country is at the forefront of innovation.
He also highlighted the UAE’s rise as a global hub for innovation in the creative space, saying the country shares the same sentiment as X.
"Having lived in the UAE for the past 10 years, I have had the privilege to witness this first-hand. What you’re seeing here is nothing less than extraordinary,” Caironi said.
“At X, we share this passion for innovation. Over the past few years, we have been busy building a platform where the most exciting models are unfolding live in real time in front of us,” he added.
The statement was made during the second day of the 1 Billion Followers Summit at DIFC, the world’s largest summit dedicated to the content creator economy.
The three-day event, which is set to come to a close on Monday, has gathered more than 350 speakers and 5,000 content creators together.
The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.
UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).
China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.
Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.
US stock index futures tumbled on Thursday after President Donald Trump's sweeping tariffs on major trade partners heightened fears of an all-out trade war that could push the global economy into a recession.
The Ministry of Justice said seven companies reportedly based in the UAE and sanctioned by the United States for ties to Sudan do not operate in the country.
Dubai Police announced on Friday it arrested 222 beggars during Ramadan and Eid, after a campaign was launched under the slogan “An Aware Society, Free of Begging,” in partnership with other government entities.