China

Industry News

Hackers Compromise 1.5 Million Files from Saudi-Chinese Stadium Construction Consortium

Cybersecurity analysis firm Hackmanac reported that a cybercrime group stole 17 terabytes of data from a partnership between China Railway Construction Corporation Saudi Branch and Sama Construction. The breached assets comprise over 1.5 million files, including sensitive contracts, engineering designs, and personal information of approximately 150,000 workers. The consortium is the primary engineering contractor for the Jeddah Central Stadium ahead of the 2034 FIFA World Cup.

Industry News

UAE Registered New-Economy Firms Rise 37 Percent to Nearly 125,000

The number of registered new-economy companies in the UAE grew by approximately 37% year-on-year to reach nearly 125,000 by mid-2026. Announced during the Investopia Bridge 2026 forum, the expansion focuses on artificial intelligence, digital infrastructure, renewable energy, and logistics. The ministry highlighted AI-driven productivity as a key driver for scaling trade and manufacturing partnerships with China.

Industry News

Chinese Independent Refiners Boost Iraqi and Qatari Crude Purchases as Iranian Flows Drop

Chinese independent refiners have increased imports of crude from Iraq and Qatar for October and November delivery to replace dwindling Iranian supplies. Private refineries purchased between 15 million and 20 million barrels of Gulf crude through major international trading houses. Delivered cargoes commanded premiums ranging from $12 to $20 per barrel above ICE Brent.

China–UAE News

Mubadala Agrees to Acquire $1 Billion Stake in China’s Luckin Coffee

Abu Dhabi sovereign wealth fund Mubadala Investment Company has agreed to acquire a strategic minority equity stake in Luckin Coffee in a deal valued at approximately $1 billion. The investment aims to support Luckin's technology-driven operations and international retail expansion. The transaction occurs as Chinese coffee operators shift focus toward store productivity and sustainable margins.