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China–UAE News

Follow the trade, investment and partnerships bringing China and the UAE closer together.

China–UAE News
Source: UECN

Chinese Banks Join Consortium Providing up to $11 Billion for ADNOC Project

Major Chinese financial institutions have expanded syndicated debt provision to Gulf energy operators, including Abu Dhabi National Oil Company. In the UAE, three Chinese commercial banks joined a financing consortium providing up to $11 billion for an ADNOC offshore gas development. The capital will support upstream production and midstream infrastructure while diversifying regional funding sources.

China–UAE News
Source: What's On

Chinese Mobility Firm Aridge Plans Flying Vehicle Deployment in the UAE

Chinese technology firm Aridge is preparing to bring its personal flying vehicle system, the 'Land Aircraft Carrier', to the UAE consumer market. The company has signed an agreement with the Government of Ras Al Khaimah for supervised flight and technology testing. Commercial deployment remains subject to airworthiness certification from Chinese authorities and validation by the UAE General Civil Aviation Authority.

China–UAE News
Source: Dealroom News

China Securities Injects US$725.3 Million into Overseas Arm for Gulf Expansion

China Securities has approved a $725.3 million capital boost for its Hong Kong subsidiary CSC Financial (International), bringing its capital base to $1.39 billion. The expansion follows the firm securing a Dubai International Financial Centre licence to establish a presence in the Middle East. The firm also recently backed UAE-based Mashreq Bank's offshore yuan bond issuance.

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