The Competition Commission of Pakistan has approved the acquisition of shares in Masood Textile Mills Limited by UAE-based Velora Global Ventures from two Chinese investors. The transaction involves equity held by Shanghai Challenge Textile and Zhejiang Xinao Industry under a July 2026 agreement. Regulators concluded the Phase-I review found no adverse impact on market competition.
Chinese motorcycle manufacturer GWM SOUO has opened its first showroom outside China in Dubai in partnership with exclusive UAE distributor N S Lootah Motors. The showroom introduces the S2000 CL luxury touring motorcycle, equipped with a 1,999cc horizontally opposed eight-cylinder engine. The Dubai base is intended to serve as the launchpad for SOUO's wider regional expansion across the Gulf.
The Saudi Central Bank confirmed on September 22, 2026, that it has ended its formal participation in the mBridge cross-border digital currency platform. The initiative continues to operate with central banks from mainland China, Hong Kong, Thailand, the United Arab Emirates, and Macau. Analysts cited by the South China Morning Post noted that the exit removes the Gulf's largest economy from direct membership.
The September 2026 Global Financial Centres Index positioned Dubai at ninth place and Abu Dhabi at 13th place globally. Abu Dhabi climbed eight places, with Abu Dhabi Global Market reporting a 54 percent surge in assets under management in the first half of 2026.
Policy updates, China–UAE business news and industry insights, delivered to your inbox.
Membership
Tell us about your experience and connection to UAE–China business. UECN assesses your application and offers the right membership category — fees are shared privately with your offer.
We send you a one-time sign-in link — your answers are saved as you go.
