China

China–UAE News

UAE Delegation Explores Advanced Manufacturing and Industrial Ties at CIIF 2026 in Shanghai

A UAE delegation led by the Ministry of Industry and Advanced Technology attended the China International Industry Fair 2026 in Shanghai from October 12 to 16. The visit focused on expanding bilateral cooperation in smart manufacturing, advanced technologies, and investment opportunities in priority industrial sectors. Participating entities included government bodies, investment authorities, and major industrial and development corporations from the UAE.

Industry News

Russian Fintech A7 Launches Crypto-to-Bank Cross-Border Settlement Service Supporting Yuan and Dirhams

Russian financial technology company A7 has unveiled A7 International, a cross-border payment service enabling payers to settle invoices using USDT while recipients receive traditional SWIFT bank transfers. The service supports payouts in Chinese yuan, UAE dirhams, US dollars, and euros, with a 0.3% commission fee. Transactions are available in jurisdictions where digital currency transactions are legal.

Industry News

China’s Sinohydro and Elsewedy Win $2.2 Billion Saudi Gas Power Plant Contract

A joint venture between China's Sinohydro and Egypt's Elsewedy Electric has secured a $2.2 billion EPC contract for a 2.3-gigawatt gas-fired power plant in Saudi Arabia. The Rabigh 2 IPP expansion facility is backed by ACWA Power and Saudi Energy, with commercial operations planned for May 2029. Financing includes $2.58 billion in long-term debt backed by 14 lenders, including the Industrial and Commercial Bank of China.

China–UAE News

BI Group Partners with CITIC Contracting for Dubai Meydan Horizon Projects

Kazakhstan-headquartered developer BI Group has entered into an agreement with CITIC Middle East Contracting, the UAE subsidiary of China's CITIC Construction Co. The partnership establishes a framework for CITIC's proposed appointment as main contractor for three upcoming real estate projects in Dubai's Meydan Horizon. CITIC will also provide early-stage design support, value engineering, and construction coordination.