Middle East

China–UAE News

Malaysia and China Discuss Advancing ASEAN-China-GCC Economic Ties and Currency Settlement

Malaysian Deputy Prime Minister Ahmad Zahid Hamidi met Chinese Vice-Premier Ding Xuexiang in Beijing to advance trilateral economic cooperation between ASEAN, China, and the GCC. Discussions focused on building toward a trilateral agreement and promoting greater use of the Chinese renminbi in China-GCC trade. Officials noted that expanded local currency trade could impact exchange rates among the renminbi, the Malaysian ringgit, and GCC currencies.

Industry News

Chinese and Bahraini Foreign Ministers Meet in Baku to Deepen Commercial Cooperation

Chinese Foreign Minister Wang Yi met with Bahraini Foreign Minister Abdullatif bin Rashid Al Zayani in Baku on October 15. The ministers discussed expanding bilateral cooperation following their 2024 comprehensive strategic partnership. Bahrain expressed interest in increasing ties with Chinese firms across energy, logistics, tourism, and finance.

China–UAE News

Dubai Chambers Chairman Highlights Strong China Trade Ties and Re-Export Role

Dubai is optimistic regarding the future of bilateral trade with China, according to Dubai Chambers Chairman Sultan bin Saeed Al Mansoori in an interview with CGTN. The emirate re-exports nearly 40 percent of its imports from China across the Middle East, Africa, Central Asia, and Europe. Dubai currently hosts over 6,600 Chinese companies and is seeking to expand partnerships.

China–UAE News

US Concerns Delay Advanced AI Chip Deliveries to the Gulf

Deliveries of advanced artificial intelligence semiconductors from the United States to the Gulf have faced hold-ups amid regulatory scrutiny in Washington. US authorities have raised national security and export-control concerns regarding the flow of advanced computing technology to the region, including the risk of technology diversion. The delays affect data centre operators and technology projects across the Gulf that rely on high-performance American graphics processing units.