UAE-based Gargash Prime and Jingdong Property, the infrastructure arm of China's JD.com, have entered into a joint venture partnership to develop a 250,000-square-metre logistics hub in Dubai. The agreement was finalized in Shenzhen during the Dubai Business Forum – China. The facility will operate as a regional distribution and fulfillment center supporting supply chains across the Middle East.
The UAE Ministry of Industry and Advanced Technology has concluded its mission to the China International Industry Fair 2026 in Shanghai. Officials engaged in bilateral meetings and factory tours focused on robotics, smart manufacturing, and automation under the 'Factory Forward UAE' initiative. The delegation also highlighted UAE industrial incentives to attract Chinese advanced manufacturing enterprises.
Senior UAE officials met with Hong Kong Financial Secretary Paul Chan on the sidelines of the Asian Financial Forum. The discussions centered on advancing bilateral economic cooperation between the UAE and Hong Kong/China. The UAE delegation included the UAE Ambassador to China, the Undersecretary of the Ministry of Finance, and the UAE Consul General in Hong Kong.
The Saudi Central Bank has ended its formal participation in Project mBridge, the multilateral central bank digital currency platform developed with China and the UAE. While the central bank stated that its exit was planned following a completed proof-of-concept phase in May 2025, the disclosure has prompted debate over geopolitical pressures and non-dollar settlement systems. The platform continues operations among remaining central banks, including China, the UAE, Hong Kong, and Thailand.
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