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.
Bilateral trade between Oman and China reached RO 9.6 billion in 2025, maintaining China as Oman's top trading partner. Omani officials are targeting Chinese capital in manufacturing, logistics, and renewable energy, while backing China-GCC free trade negotiations.
China's Sinopec warned that elevated crude prices and shipping costs will pressure refining margins in the fourth quarter despite strong third-quarter profits. The refiner cited ongoing transit risks in the Strait of Hormuz and elevated crude procurement premiums. Domestic refined fuel demand in China also contracted over the first nine months of the year.
Dubai-headquartered Mashreq Bank has injected $125 million into its Hong Kong operations to capture expanding trade and investment flows between China and the Middle East. The bank recorded an approximate 50 percent year-on-year increase in Hong Kong revenue and profitability as of August 2026. In addition, the institution executed an inaugural 1 billion yuan dim sum bond issuance to meet demand for renminbi-denominated financing.
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