Oil‑rich Gulf states are funneling historic finance into artificial intelligence ventures with major oil companies backing multibillion‑dollar bets to convert energy wealth into tech muscle. At the same time, Gulf stock markets ticked higher following a U.S. rate cut, solid local earnings and signs of a U.S.–China detente on trade, although investor caution remains. Together these trends show the Middle East shifting strategy, global trade tensions tempering, and markets reacting to both in real time.

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