Global

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.

Industry News

Middle East Oil Shipments Avert Severe Price Spikes, Says Vitol CEO

Around 14 million barrels per day of crude and refined products have recently departed the Middle East, according to Vitol CEO Russell Hardy. Speaking in London, Hardy noted that these continuous flows help balance energy markets and prevent prices from escalating to $200 per barrel. He also highlighted surging shipping costs and pointed to China's domestic oil reserves as an essential market buffer earlier in the year.

Industry News

Gold Producers Shift to Domestic Refining and Bullion Reserves Amid Dollar Concerns

Emerging gold-producing countries across Asia are increasingly retaining domestic gold production through local refining, export duties, and central bank purchases rather than exporting raw ore to Western financial hubs. The trend is driven by efforts to protect sovereign reserves against foreign asset freezes and to reduce reliance on the US dollar. Analysts note that major central banks, including China's, have significantly expanded their bullion holdings while trimming US Treasury holdings.

China–UAE News

Mistral Unveils Large 4 AI Model in Abu Dhabi, Citing Lead Over Chinese Rivals

French artificial intelligence startup Mistral has unveiled its new open-weight model, Mistral Large 4, during an event in Abu Dhabi. Chief Executive Officer Arthur Mensch claimed the model outperforms Chinese alternatives in specific domains, including cybersecurity. The open-weight model is scheduled for general public release on October 27.