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Industry News

China Scraps Two-Thirds of Overseas Coal Projects as Renewables Expand in UAE

A new joint study by CREA and PACS reveals that China has cancelled 67 percent of overseas coal power projects planned prior to its 2021 UN pledge, eliminating 61.5 gigawatts of capacity. The report highlights that operational China-linked renewable generation has now surpassed the potential power output of cancelled coal projects in the UAE, Brazil, and Tanzania. However, researchers warn that private Chinese investments in captive coal power continue to present loopholes.

Industry News

Alibaba Cloud to Expand Data Center Capacity in UAE and Global Hubs

Alibaba Cloud has announced plans to expand its data center capacity in key international hubs, including the United Arab Emirates. Unveiled at the 2026 Apsara Conference in Hangzhou, the expansion aims to support growing enterprise demand for artificial intelligence workloads.

Policy & Legal Updates

UAE Clarifies Pillar Two Tax Reporting Obligations for Large Multinational Enterprises

The UAE Ministry of Finance has issued ministerial decisions detailing reporting and compliance procedures under the OECD/G20 Pillar Two minimum 15 percent tax framework. The rules apply to multinational groups with consolidated revenue of at least EUR 750 million in at least two of the four preceding fiscal years. Guidelines define GloBE Information Return submissions, Federal Tax Authority notifications, and the appointment of local filing entities.

China–UAE News

ADFW 2026 Announces Program Featuring Dedicated China-UAE Investment Dialogues

Abu Dhabi Global Market has announced the agenda and initial speaker lineup for Abu Dhabi Finance Week 2026 under the theme 'The Capital Community, Powered by Partnerships'. The event expands its international schedule to 75 sessions across eight stages, including bilateral dialogues dedicated to China. These forums aim to facilitate cross-border capital flows and strengthen institutional investment partnerships between the UAE and China.