A new court's been created by Dubai International Financial Centre Courts to settle wrangles related to the digital economy.
The Specialised Court for the Digital Economy aims to simplify the process of complex civil and commercial disputes both here and abroad.
It will deal with matters related to data, blockchain technology, artificial intelligence, cloud sevices, drones, 3D printing and robotics.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and President of the Dubai International Financial Centre emphasised the rollout of the new court represents a groundbreaking move to keep up with the ever-evolving and thriving global digital economy.
Sheikh Maktoum also highlighted that the launch of the new court gives an impetus to efforts to develop a new judicial support system capable of meeting the requirements of the digital transformation process and adoption of up-to-date technologies.
The new international court is a pivotal step in achieving the UAE’s vision and strategy for the next 50 years, with Sheikh Maktoum stressing the digital economy sector plays a significant role in enhancing people’s quality of life.
The Central Bank of the UAE (CBUAE) has fined three exchange houses a total of AED 4.1 million for failing to comply with anti-money laundering and counter-terrorism financing regulations.
The diplomatic advisor to the UAE President, Anwar Gargash, said the Middle East has an opportunity to "turn a new page" and become a prosperous region.
The UAE has expressed its solidarity with the US after the "devastating" floods in the state of Texas, which killed dozens of people, left many missing, and caused significant material damage.
The UAE will focus on leveraging AI to "streamline processes and improve management of resources" in a move to switch to "a new chapter in shaping a smarter, faster and more efficient government".
Abu Dhabi Crown Prince, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, and Brazil's President Luiz Inácio Lula da Silva have discussed ways to expand cooperation across vital sectors in support of sustainable development goals and shared interests.