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Dubai, UAE: The inaugural Membership and Partner Conference of the UAE-China Chamber of Commerce (UECN) was successfully held on December 15, 2023, at the DoubleTree by Hilton Dubai…
Chinese manufacturer FAW TRUCKS has shipped an initial consignment of 210 commercial trucks to the UAE. The delivery follows a partnership with a local automotive dealer group for sales, maintenance, and spare parts. The move aligns with the company's 'SPRINT 2030' roadmap to expand across the GCC.
Saudi Aramco is nearing an agreement on a $10 billion revolving credit facility backed by a syndicate including Bank of China and ICBC. The financing carries an interest margin of 60 basis points over SOFR to reinforce company liquidity. The transaction follows a series of large-scale debt raises by Gulf energy firms involving Chinese financial institutions.
The Central Bank of the UAE met with the People's Bank of China during the 2026 IMF and World Bank Annual Meetings in Bangkok. The bilateral talks addressed cross-border payment systems, financial innovation, sustainable finance, and trade settlement connectivity. During the summit, the UAE also confirmed Abu Dhabi as host for the 2029 IMF and World Bank Annual Meetings.
Under a US rule published in July, UAE AI compute firms G42 and Core42 hold license-free access to advanced US chips until April 6, 2027. After that date, the companies must restructure as US entities or apply through the Bureau of Industry and Security. Meanwhile, regional data center expansion continues despite physical security risks highlighted by recent infrastructure damage.
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