👋 Good morning, Smashi Business Readers!

We're diving into today’s top stories—from the UAE’s bold climate commitment to Saudi Arabia’s massive AI push, and Dubai's impressive climb in global city rankings. Here’s everything you need to know to stay in the loop: 👇️ 

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🌱 UAE Commits to Major Emissions Cuts by 2035

📰 What is it about?

• The UAE has announced a climate pledge to reduce its emissions by 47% by 2035, shared just ahead of the COP29 summit in Azerbaijan.

💡 Why it matters?

• As one of the world’s top oil producers, the UAE’s commitment underscores a major shift toward renewable energy sources like solar and nuclear power, advancing the Paris Agreement’s climate goals.

🔜 What’s next?

• With its renewable energy strategy unfolding, the UAE aims to balance these ambitious goals against its ongoing fossil fuel investments.With its renewable energy strategy unfolding, the UAE aims to balance these ambitious goals against its ongoing fossil fuel investments.

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💰 Saudi Arabia’s $100B AI Plan Puts UAE’s Tech Leadership to the Test

📰 What is it about?

• Saudi Arabia is planning a massive AI initiative, “Project Transcendence,” backed by a $100 billion investment to establish itself as a tech powerhouse.

💡 Why it matters?

• This project challenges the UAE’s dominance in regional tech, with plans for new data centers, talent hubs, and AI models tailored to Arabic-speaking users.

🔜 What’s next?

• With the groundwork already underway, Saudi Arabia’s bold AI vision could reshape the MENA tech landscape and spur innovation across the region.

💭Quote of the day
“Perfection is not attainable. But if we chase perfection we can catch excellence.” —Vince Lombardi 💯 

🏆 Dubai Named Top Global City in MENA, Climbs to 5th Worldwide

📰 What is it about?

• Dubai has been ranked the leading city in MENA and now holds fifth place globally in the '2024 Global City Index,' surpassing major cities like Singapore and Los Angeles.

💡 Why it matters?

• The ranking reflects Dubai’s strong global reputation, investment appeal, and quality of life, with strides in job opportunities and work flexibility.

🔜 What’s next?

• Dubai’s growth and competitiveness are poised to continue as it implements its strategic 2030 vision, solidifying its place as a top choice for work, investment, and innovation.

🔍In other news…

• G42’s Strategic Year-End: AI Ambitions and Global Alliances

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