The Biden administration on Friday revised rules to make it harder for China to access US artificial intelligence (AI) chips and chipmaking tools.
This is part of an effort to hobble Beijing's chipmaking industry over national security concerns.
The rules, released in October, seek to halt shipments to China of more advanced AI chips designed by Nvidia NVDA.O and others as Washington cracks down on Beijing over concerns its advancing tech sector could help boost China's military.
The new rules, which are 166 pages long, go into effect on Thursday. They clarify, for example, that restrictions on chip shipments to China also apply to laptops containing those chips.
The Commerce Department, which oversees export controls, has said it plans to continue updating its restrictions on technology shipments to China as it seeks to bolster and fine-tune the measures.
US automaker Tesla has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to President Donald Trump's aggressive use of tariffs.
The Abu Dhabi Fund for Development (ADFD) has announced the launch of the “Sofitel Legend Pyramids Giza” project, a luxury five-star hotel intended to be a landmark addition to the hospitality and tourism sector in Egypt.
The value of transactions conducted in the banking sector within the country through the UAE Funds Transfer System (UAEFTS) rose to AED 19.898 trillion during 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).
Dubai Electricity and Water Authority (DEWA) announced a contribution of AED 20 million to the Fathers' Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai.