BYD's ultra-luxury sub-brand Yangwang has confirmed plans to debut an executive sedan, codenamed 'HU', in the United Arab Emirates. The announcement was made by Yangwang sales general manager Hu Xiaoqing, though a specific date and venue have not yet been disclosed. Industry reports indicate the upcoming model could measure approximately 5.5 meters in length and cost over 2 million yuan.
IKK Fangda JV Co., a joint venture between China Fangda Group and Saudi-based Isam Kabbani & Partners, has been awarded an SR1.15 billion ($306 million) contract for Qiddiya's Prince Mohammed bin Salman Stadium. The consortium will design, supply, and install curtain-wall facades for the venue, which is planned for the 2034 FIFA World Cup. The contract represents 60.7 percent of China Fangda Group's audited operating revenue in 2025.
Customs data released on October 20, 2026 showed Saudi Arabia was China's third-largest crude oil supplier in September, delivering 2.70 million tonnes. Over the first nine months of the year, Brazil surpassed Saudi Arabia to become the second-largest supplier. Russia remained China's top crude oil supplier during September.
The UAE Federal Tax Authority has launched an AI-powered digital platform for tourist VAT refunds at major airports, cutting processing times from nine days to one. Operating with scheme operator Planet, the paperless system links roughly 16,700 retail points across the country.
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