The South China International Arbitration Center Hong Kong convened a legal panel exploring investment mechanisms between China, Hong Kong, and the Gulf. Practitioners highlighted a transition among Chinese firms from initial inquiries to formal corporate incorporation and compliance in the UAE. The discussion also addressed commercial dispute resolution and regulatory risk management.
The US Treasury determined that Executive Order 13902 applies to Iran's automotive and rail sectors, effective October 1 with no wind-down period. The measures target Iranian manufacturers alongside international suppliers based in the UAE, Hong Kong, and mainland China. Foreign financial institutions facilitating transactions in these sectors now face secondary sanctions exposure.
Saudi Aramco is nearing the award of an EPC contract for the fifth phase of the Jafurah unconventional shale gas expansion. China Petroleum Engineering & Construction Corporation has emerged as the leading contender for the package. The phase includes building three gas compression stations, each with a daily capacity of 200 million cubic feet.
Sharjah and Chinese officials held talks to explore commercial projects in advanced manufacturing, artificial intelligence, data centers, and healthcare. Discussions also addressed the potential establishment of a Chinese cultural institute in the emirate. Official data showed 851 Chinese enterprises operating in Sharjah as of June 2026, with bilateral trade reaching AED 6.3 billion in 2025.
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