News

China–UAE News

Kenya Neobank Cloud9 Secures Alliance Investment, Reaching $1M in Total Funding

Kenyan digital bank Cloud9 has secured an undisclosed investment from crypto accelerator Alliance, bringing total funding to $1 million, Disrupt Africa reported. The platform operates on stablecoin rails to facilitate cross-border settlement for African merchants importing goods from hubs including China and Dubai. Cloud9 plans to use the capital to expand trade payment corridors, roll out physical and virtual cards, and grow its user base.

Industry News

Dubai and Abu Dhabi Equity Indices Post Modest Gains at Friday Close

UAE equity markets closed marginally higher on Friday, 9 October 2026, with both Dubai and Abu Dhabi benchmarks recording slim advances in a subdued session. Dubai's DFM General Index gained 0.36% to settle at 5,819.96, while Abu Dhabi's FTSE ADX General Index inched up 0.08% to finish at 9,808.52. The modest gains completed a positive weekly finish for the UAE's two main stock exchanges.

Industry News

ADX Group Appoints Alex Krunic as Chief Capital Markets Officer

Abu Dhabi Securities Exchange Group has appointed Alex Krunic as chief capital markets officer. Krunic will support the exchange's market development agenda, product offerings, and institutional engagement. He brings over 25 years of capital markets experience, having most recently served as CEO of Kuwait Clearing Company.

China–UAE News

Chinese Direct Investment in UAE Reaches 2.6 Billion Dollars Amid Bilateral Growth

China's outbound direct investment into the UAE reached $2.6 billion, more than tripling from the previous reporting year, according to the UAE-China Chamber of Commerce. Bilateral non-oil trade surpassed $100 billion as Chinese financial institutions expanded their presence in the Dubai International Financial Centre. Multiple Chinese energy companies and healthcare delegations also advanced bilateral commercial engagements.