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Industry News
Source: Hydrogen Central

China Targets 1 Trillion Yuan Hydrogen Industry Under 15th Five-Year Plan

China's National Energy Administration released the China Hydrogen Energy Development Report (2026), detailing rapid expansion in renewable hydrogen capacity and transport infrastructure. The report projects that annual green hydrogen demand will reach 2.4 million to 4.3 million tons during the 2026–2030 period. Total industrial chain output value is forecast to exceed 1 trillion yuan ($139 billion).

Policy & Legal Updates
Source: Finance Monthly

UAE Attracts Cross-Border Business Expansion Through Legal and Corporate Tax Frameworks

The United Arab Emirates has become an increasingly prominent destination for international business expansion due to practical connectivity, foreign ownership reforms, and structured corporate frameworks. However, cross-border businesses must manage regulatory requirements including the 9% corporate tax regime introduced in 2023, economic substance rules, and exhaustive bank due diligence. Choosing between free zone and mainland corporate vehicles remains critical depending on target markets and licensing requirements.

Industry News
Source: Gulf Business

IEA Chief Says 100 Million-Barrel Reserve Release Pushes Oil Prices Lower

International Energy Agency (IEA) Executive Director Fatih Birol stated that oil prices have begun falling after an agreement to release 100 million barrels of emergency oil and fuel reserves. Birol reported crude prices dropped by about $5 following the announcement, which prioritises diesel alongside crude oil. The emergency initiative, coordinated with G7 nations, aims to ease tight fuel supply and lower global transportation costs.

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