Chinese Premier Li Qiang completed visits to Saudi Arabia and the UAE to strengthen ties across traditional energy, renewable technologies, and electric vehicles. Bilateral trade between China and the UAE reached a record 50 billion dollars in the first half of 2024. Discussions also addressed reviving negotiations for a China-GCC free trade agreement.
China Eleventh Chemical Construction Company has been awarded two construction packages for the 890-megawatt Duqm power project in Oman. The $910 million combined-cycle gas turbine project is being developed by Coastal Power SAOC, a consortium that includes UAE-based Etihad Water and Electricity. Commercial operations for the power generation facility are scheduled for 2029.
Flydubai dispatched a replacement aircraft to Tabuk, Saudi Arabia, to transport 170 to 180 passengers onward to Tel Aviv after flight FZ1073 diverted due to a mid-air emergency on September 30, 2026. While media reported initial hesitation among some travelers to board another flydubai flight, Saudi authorities did not permit Israeli-registered planes to land. Tabuk airport officials confirmed all stranded passengers ultimately departed the kingdom aboard the replacement service.
The UAE Federal Tax Authority issued Decision No. 15 of 2026, extending the corporate tax exemption filing window for investment funds to 90 business days. Concurrently, Cabinet Decision No. 149 of 2026 and related decisions introduced revisions to VAT input recovery rules and e-invoicing timelines.
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