China

China–UAE News

Dubai Chambers Head Anticipates Deeper Commercial and Technology Links with China

Dubai Chambers President and CEO Mohammad Ali Rashed Lootah expects commercial and investment links with China to expand further. Speaking ahead of the Dubai Business Forum in Shenzhen, Lootah emphasized growing appetite among Chinese technology and artificial intelligence firms to use Dubai as a gateway to regional and international markets. The initiatives align with the Dubai Economic Agenda (D33) to foster cross-border innovation and trade.

Industry News

Saudi Arabia Cuts November Oil Prices to Asia to Six-Year Lows

Saudi Aramco has unexpectedly reduced its official selling prices for crude oil delivered to Asia in November to six-year lows. The flagship Arab Light grade was priced at a 5-dollar-per-barrel discount to the Oman and Dubai benchmark average, marking a 3-dollar reduction from October. Asian refining sources indicated the price cuts appear intended to offset elevated freight costs and safeguard export market share.

Industry News

Gold Surges Past $4,150 Amid Slower US Jobs and Central Bank Inflows

Spot gold rose 0.4% to $4,158.17 an ounce after weak US employment figures reduced the perceived probability of an October Federal Reserve rate hike. The price recovery was supported by safe-haven buying from Middle East tensions, record global ETF inflows, and a 20-tonne gold purchase by China's central bank in August.

Industry News

China AI Expansion Across Global South Points to New Belt and Road Strategy

An analysis published by ThinkChina outlines how Beijing is leveraging multilateral platforms to export its entire domestic artificial intelligence stack across the Global South. By promoting initiatives under the SCO, BRICS, and the new World AI Cooperation Organization, China aims to secure international scale, compute workloads, and revenue.