Middle East

China–UAE News

GulfHost 2026 to Convene Global Foodservice Equipment Makers in Dubai

GulfHost returns to the Dubai World Trade Centre from 3 to 5 November 2026 to connect international equipment manufacturers with Middle East foodservice and hospitality buyers. The region's hospitality market was valued at an estimated USD 310 billion in 2025 and is projected to exceed USD 487 billion by 2032. Exhibitors from major manufacturing hubs, including China, the UAE, Italy, France, and the United States, will present commercial kitchen, automation, and energy-saving technologies.

China–UAE News

GCC Chief Calls for Tangible Results in Financial Cooperation with China

Gulf Cooperation Council Secretary-General Jasem Al-Budaiwi called for concrete progress in cross-border banking cooperation between the GCC and China. The remarks were made during a Bangkok meeting between GCC central bank governors and People's Bank of China Governor Pan Gongsheng. The discussions aimed at linking financial markets, supporting trade facilitation, and maintaining monetary stability.

Policy & Legal Updates

China to Reduce VAT Export Rebate on New Energy Vehicles to Nine Percent

China's Ministry of Finance and the State Taxation Administration announced plans to cut the value-added tax export rebate for new energy vehicles from 13 percent to 9 percent, taking effect April 1, 2027. In addition, export rebates on battery products will be fully eliminated starting January 1, 2027. Existing consumption tax refund and exemption mechanisms will remain unaffected.

Industry News

ACWA Power Explores 4.5GW Mongolian Renewable Project for Power Exports to China

Saudi utility developer ACWA Power has signed a cooperation memorandum with Mongolia's Sun Step Power to assess a renewable energy venture targeting power exports to China. The initiative outlines a target generation capacity of 4.5GW alongside a 500MWh battery storage system. The agreement includes evaluating the development of wind, solar, and cross-border electricity transmission infrastructure.