BlackRock Investment Corporation has announced that it has received a license to operate in Abu Dhabi, the capital of the UAE. The company plans to focus on artificial intelligence infrastructure and private markets, which is in line with the region's strategy to support technology and financial innovation.

Charles Hatami, head of BlackRock's Middle East division, stressed the importance of Abu Dhabi's strategic location as a global financial center. This initiative follows growing investments in artificial intelligence in the region, including projects by tech giants such as Microsoft.