AI could soon help settle intellectual property issues in the UAE. The MoU was signed in Geneva on the sidelines of meetings being held at the World Intellectual Property Organisation (WIPO). Mohammed Ahmed bin Abdulaziz Al Shehhi, undersecretary for economic affairs at the UAE's Ministry of Economy (and who signed the MoU), said the usage of AI in IP could play a large role in shaping he future economy – in addition to cementing the UAE's status as a future-focussed society that utilises the latest technologies to make life better and more efficient. News of the use of AI in IP comes as Dubai has launched the region's first virtual licences. The virtual company licences, announced by Deputy Ruler Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, allow for investors worldwide to do business in Dubai digitally – without requiring residence in the emirate.