Officials from Sharjah and the Chinese Consulate in Dubai met to discuss expanding cooperation in technology, advanced manufacturing, and healthcare. Discussions included a proposal to set up a Chinese cultural institute in Sharjah, backed by expanding economic ties that saw bilateral trade reach AED 6.3 billion in 2025.
Global asset management firm Capital Group has secured a financial services licence from the Financial Services Regulatory Authority of Abu Dhabi Global Market. The licence authorizes the firm to conduct regulated investment management, trading, and fund distribution within the financial free zone. According to ADGM, asset managers setting up in the hub during the first half of 2026 collectively managed over $2.1 trillion.
Dubai CommerCity signed a Memorandum of Understanding with the Global Commerce Foundation to accelerate agentic AI tools in digital commerce. The agreement, signed at Ai Everything Abu Dhabi, connects enterprise testbeds across China, the UAE, Brazil, Spain, and Mexico. The initiative supports digital trade expansion, cross-border technology transfer, and automated supply chains.
Qatar National Bank has secured a $2.5 billion, five-year syndicated loan facility following strong demand from international and regional lenders. Industrial and Commercial Bank of China and other multinational institutions served as mandated lead arrangers and bookrunners.
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