Germany

China–UAE News

Reuters Investigation Uncovers Covert Iranian Military Procurement Network Involving UAE and China

A Reuters investigation reported by Yemen Monitor reveals Iran created a covert network of over 5,000 front entities to procure at least $2 billion in military goods since January 2025. The investigation identified shipments originating from China, Russia, and Germany, alongside $27 million in maritime imports from the UAE. Around 97% of transactions avoided cross-border banking transfers through the use of overseas intermediaries and offshore accounts.

China–UAE News

BYD Considers Dubai For Yangwang U9 Xtreme 500 km/h Record Attempt

Reports have resurfaced regarding BYD's plan to attempt breaking the 500 km/h speed barrier with its Yangwang U9 Xtreme hypercar in Dubai. BYD Executive Vice President Stella Li previously stated that the team was seeking a 15-kilometre straight road in Dubai for a November run. However, BYD has not publicly confirmed an official venue, necessary permits, or a finalized date.

Policy & Legal Updates

Michael Velten Urges Mobile Families to Resolve Tax Residence Before Wealth Structuring

Speaking at the Hubbis Wealth Planning & Structuring Forum in Dubai, Velten Advisors founder Michael Velten stressed that internationally mobile families must establish and document tax residence before selecting wealth structures. Velten cautioned that holding immigration permits like the UAE Golden Visa does not independently resolve cross-border tax status. He highlighted that domestic laws, tax treaties, physical days spent, and economic ties must be analysed sequentially.

China–UAE News

Al Ain Farms Expands Camelait Camel Milk Brand into China and Europe

UAE beverage and protein producer Al Ain Farms Group has unveiled a refreshed identity for Camelait and announced international agreements to expand production and commercial operations into China and Europe. In China, the brand established partnerships with Zhejiang Hengsheng Holding for distribution and Suzhou Biology Healthy Technology Co., Ltd for local manufacturing. The company also formed an academic research tie-up with Khalifa University and is progressing European joint-venture plans with Belgium-based Eurofit.