Speaking at the Dubai FinTech Summit, Bank of Singapore CEO Jason Moo outlined the complementary roles of Dubai and Singapore as global wealth hubs. The private bank reported increasing interest from Chinese conglomerates and investors looking to deploy wealth into Dubai, supported by dedicated China coverage at its DIFC branch.
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.
Bahrain-based alternative asset manager Investcorp signed a memorandum of understanding with Singapore Gulf Bank to explore banking and investment collaboration. The framework covers banking, settlement, and payment mechanisms to support capital deployment across Investcorp's strategies. It also aims to establish distribution channels for clients in the Gulf and Asia.
DP World's Shipping Solutions AMEA has launched the China Africa Link, an ocean route connecting major ports in China directly to East and Southern Africa. The weekly service incorporates port calls in Southeast Asia and is scheduled to begin commercial operations in late November 2026. The route forms part of DP World's Connected Trade Corridors initiative to link maritime routes and regional trade infrastructure.
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