China

Policy & Legal Updates

Investigation Details Parsian Exchange Moving Millions in UAE Dirhams and Yuan

An investigation by Iran International based on leaked documents reveals that US-sanctioned Bank Parsian used its foreign-exchange arm, Parsian Exchange, to move funds abroad via intermediaries between November 2022 and May 2023. Leaked instruction letters directed roughly $36 million in UAE dirhams, Chinese yuan, and US dollars to overseas bank accounts designated by Iranian importers. The transactions utilized Iranian export proceeds held overseas to obscure ties to sanctioned Iranian institutions.

Industry News

ORF Middle East Assesses Gulf AI Data Centre Supply and Energy Constraints

An ORF Middle East study highlights critical supply chain, cooling, and power challenges facing Gulf artificial intelligence data centres. The analysis notes that China controls 60 to 70 percent of semiconductor rare earth element mining and 90 percent of processing capacity. It also reports that clean energy comprised 32.4 percent of the UAE's installed power capacity as of September 2026.

China–UAE News

Mubadala to Maintain $39bn Annual Capital Deployment With Asia and China Focus

Abu Dhabi sovereign wealth fund Mubadala Investment Company plans to deploy approximately $39 billion annually across market cycles, with an increasing focus on Asia. Speaking at the Milken Institute Asia Summit in Singapore, Chief Financial Officer Carlos Obeid named China, South Korea, India, and Japan as primary markets for expanded capital allocation. Over the past three years, Asia's share of Mubadala's portfolio has grown from 10 per cent to approximately 13 per cent.

China–UAE News

UAE Brand Camelait Expands into China via Local Manufacturing and Distribution Agreements

Al Ain Farms Group has signed agreements during Global Food Week to expand its Camelait camel milk brand into China and Europe. Zhejiang Hengsheng Holding will act as exclusive distributor in China, while Suzhou Biology Healthy Technology will handle local production of long-life camel milk products.