As the Iran war drags into its 7th month, the UAE, a wealthy Middle Eastern country, is stepping up efforts to expand its “circle of friends.” On Thursday local time, the UAE issued an official statement saying that the country plans to invest 40 billion euros in Germany to further promote the “continuous development of relations” between the UAE and Germany. The investment statement coincided with UAE President Mohammed's state visit to Germany. The statement said that the investment will cover a number of areas representing the strategies and development priorities of the two countries, including industry, advanced technology, artificial intelligence, digital infrastructure and energy. The UAE is one of the major investors in the global artificial intelligence industry. MGX, a national sovereign investment agency for artificial intelligence and advanced technology established in Abu Dhabi in 2024, is also a shareholder of OpenAI, Anthropic, and SpaceX.

As the Iran war drags into its 7th month, the UAE, a wealthy Middle Eastern country, is stepping up efforts to expand its “circle of friends.” On Thursday local time, the UAE issued an official statement saying that the country plans to invest 40 billion euros in Germany to further promote the “continuous development of relations” between the UAE and Germany. The investment statement coincided with UAE President Mohammed's state visit to Germany. The statement said that the investment will cover a number of areas representing the strategies and development priorities of the two countries, including industry, advanced technology, artificial intelligence, digital infrastructure and energy. The UAE is one of the major investors in the global artificial intelligence industry. MGX, a national sovereign investment agency for artificial intelligence and advanced technology established in Abu Dhabi in 2024, is also a shareholder of OpenAI, Anthropic, and SpaceX.