Shipping risks in the Middle East and rising demand for artificial intelligence infrastructure are reshaping trade finance corridors between the Gulf and China. Bankers report credit facility expansions to cover longer transit times, while IMF leadership warns of persistently elevated energy prices.
Saudi Arabia's civil aviation authority announced that operations at King Fahd International Airport in Dammam have resumed following an attack on Wednesday. The strike killed two individuals and injured eight others, while separate attacks targeted Saudi Aramco's Shaybah oil field.
An updated advisory has set out the eligibility criteria for the 10-year UAE Golden Visa for investors, entrepreneurs, and professionals. Qualifying commercial investors must maintain a minimum investment of Dh2 million alongside valid trade licensing and corporate tax registration. Authorities confirmed that holdings in digital and cryptocurrency assets alone do not qualify for the visa.
Sharjah Department of Government Relations Chairman Sheikh Fahim Al Qasimi met with Chinese Consul General Qu Boqian to discuss expanding bilateral cooperation. The meeting covered artificial intelligence, data centres, automotive manufacturing, healthcare, and research and development.
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