Kuwait

China–UAE News

TA’ZIZ Secures AED 5.1 Billion Financing Involving Chinese Banks for Ruwais Projects

Industrial chemicals company TA'ZIZ has completed an AED 5.1 billion ($1.39 billion) debt financing package for two projects in Ruwais, Abu Dhabi. The six-year term loan syndicate includes commercial lenders from China, Kuwait, Spain, and Singapore, with Sumitomo Mitsui Banking Corporation acting as financial advisor. The funding supports the construction of a low-carbon ammonia facility and an export chemicals terminal.

Industry News

Airbus Reports Middle East Airspace Closures Adding Up to 90 Minutes to Flights

Airbus regional vice-president Grainne Van den Berg stated that Middle East airspace closures are extending flight times by 45 to 90 minutes. Airlines are responding by shifting aircraft capacity to alternative markets and rerouting operations through secondary regional airports.

Industry News

Gulf Delegations Inspect LUXEED Manufacturing Facility in China Ahead of Regional Entry

Automotive delegations from Gulf markets, including the UAE and Kuwait, visited the LUXEED Super Factory during the 2026 Chery International User Summit in Wuhu, China. The visit focused on intelligent manufacturing and engineering adaptations designed for extreme heat and desert dust. The plant deploys over 2,000 automated devices and produces one vehicle per minute.

Policy & Legal Updates

GCC Inheritance Laws Define Estate and Wealth Transfer Regulations for Expatriates

Inheritance laws across the Gulf Cooperation Council vary significantly based on nationality, religion, and asset location. In the UAE, Federal Decree-Law No. 41 of 2022 governs non-Muslim civil inheritance, while neighboring GCC states enforce distinct testamentary and real estate transfer procedures.