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Middle East

Industry News
Source: EnterpriseAM

US Export Control Rule Sets 2027 Expiry for G42 AI Chip Access

A roughly 5,000-word US Commerce Department rule grants license-free access to top-tier AI chips for UAE-based G42 and its cloud unit Core42, but sets an expiration date of April 2027. Under a 17-word clause in the measure, maintaining continued access may require the firms to become US companies or secure renewed approval. G42 stated that it maintains substantial US ties and continuously evaluates opportunities aligned with its long-term objectives.

China–UAE News
Source: EnterpriseAM

Chinese Banks Expand Syndicated Lending to Gulf Energy Giants ADNOC and Aramco

Major Chinese financial institutions have emerged as leading syndicated debt providers for prominent Gulf energy operators including ADNOC, QatarEnergy, and Saudi Aramco. Analysts note Gulf state champions are deliberately tapping Chinese capital to secure narrow credit margins and diversify financing pools. In the UAE, three Chinese banks joined a consortium delivering up to USD 11 billion for ADNOC's offshore gas project.

Industry News
Source: ZAWYA

Oman and China Sign 23 Strategic Investment Partnerships Worth Billions

Oman and China signed 23 investment agreements and cooperation partnerships in Beijing, including two joint funds capitalized at a combined 1.1 billion US dollars. The agreements span renewable energy, mining, logistics, space technology, energy storage, and digital infrastructure across Oman and regional Gulf markets. The signings occurred during the Oman-China Investment Partnership Horizons Forum alongside His Majesty Sultan Haitham bin Tarik's state visit.

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