Ahead of the 2026 China International Import Expo, ACWA Power leadership highlighted expanding commercial and clean energy cooperation between China and Gulf businesses. The collaboration spans renewable energy, green hydrogen, battery storage, and seawater desalination alongside consumer goods exports.
Ras Al Khaimah Economic Zone (RAKEZ) and AJT Holding International Limited have signed a memorandum of understanding in Fuzhou, China. Under the agreement, AJT Holding will invest an additional $50 million to expand its manufacturing and logistics facilities in Ras Al Khaimah. The expansion will be executed through AJT Printing and Packaging FZ-LLC, a joint venture between China's Jihong and BMJ Industries.
Cryptocurrency exchange Binance resumed withdrawals for bitcoin, ether, and selected stablecoins on Sunday after covering 95 per cent of the $6.3 billion stolen in a recent cyberattack. The platform used $6 billion of company funds to purchase replacement tokens and stated that less liquid assets will follow in phases. The FBI attributed the security breach to a North Korean state-sponsored cyber unit.
Chinese state-owned contractor Shandong Electric Power Construction Corporation has secured an EPC contract for the Al Khushaybi battery energy storage project in Saudi Arabia. The facility features a planned capacity of 500 MW/2,000 MWh as part of the Kingdom's utility-scale storage program. French energy firm Engie and Saudi-based Haji Abdullah Alireza & Co. are developing the project, with Saudi Power Procurement Company as off-taker.
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