An analysis published by the Australian Strategic Policy Institute highlights how front companies in jurisdictions including the UAE and Hong Kong facilitate cross-border settlements for Russian trade. The article notes correspondent banking flows involving UAE, Chinese, and US financial institutions and warns of heightened secondary sanctions scrutiny.
Trade across the Dubai Integrated Economic Zones Authority reached AED 246 billion ($66.98 billion) in the first half of 2026, marking a 17 percent increase year-on-year. The figures represent DIEZ's sixth consecutive year of record first-half trade performance. The zones accounted for approximately 16 percent of Dubai's total non-oil foreign trade during the period.
Chinese electric and hybrid vehicle manufacturers are increasingly focusing on the Gulf Cooperation Council as tariffs and regulatory barriers restrict Western market access, according to Asia Times. Industry estimates indicate the UAE represented approximately 42% of the GCC electric vehicle market in 2025, supported by roughly 2,800 charging points. Automakers including BYD, Geely, and Chery are expanding distribution networks, after-sales operations, and charging partnerships across the region.
UAE state-backed investments across Egyptian energy and port infrastructure are serving as a strategic hedge against transit disruptions in the Strait of Hormuz. Meanwhile, Dubai's real GDP contracted 2.3% year-on-year in the first half of the year due to drops in trade and transport. The UAE continues building alternative maritime corridors through domestic pipelines, Khorfakkan, and Mediterranean ports in Egypt.
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