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China–UAE News

Mastercard Targets Near-100% UAE Debit Processing as Domestic Payment Infrastructure Expands

Mastercard Chief Financial Officer Ling Hai stated that the company expects to process nearly 100% of debit transactions in the UAE once its rollout with Al Etihad Payments is complete. Speaking at a Goldman Sachs event, Hai pointed to the UAE partnership as a strategic model for navigating national sovereignty payment initiatives, alongside references to operations in China. The UAE's domestic payments entity is also expanding cross-border acceptance and co-branded card ties with China's UnionPay International.

Industry News

Citi Expands Token Services to UAE and Japan for 24/7 Liquidity

Citi has expanded Citi Token Services into Japan and the United Arab Emirates, bringing its blockchain-based liquidity platform to seven global markets. The service enables corporate and institutional clients to transfer funds 24/7 without traditional cut-off times or holiday calendars. Under the expansion, the UAE supports both US dollar and euro transactions, while Japan supports US dollars.

Industry News

AIIB Opens 11th Annual Meeting in Doha Focused on Infrastructure Financing

The Asian Infrastructure Investment Bank opened its 11th Annual Meeting of the Board of Governors in Doha under the theme 'Tomorrow's Infrastructure: Impact and Innovation'. Qatari Finance Minister Ali bin Ahmed Al Kuwari and AIIB President Zou Jiayi met to discuss cross-border project funding and digital infrastructure. The multilateral bank holds $100 billion in capital and plans to commit $75 billion by 2030.

Industry News

Tyumen Energy Forum Expands Ties Between Chinese Entities and UAE’s ADNOC

The XI International Industrial and Energy Forum in Tyumen featured participation from Chinese energy companies and the UAE's Abu Dhabi National Oil Company. ADNOC advanced supplier qualification frameworks covering 60 approved technical standards, while Chinese and Gulf entities signed commercial pacts across upstream services, LNG shipping, and decarbonization technologies.