Follow the trade, investment and partnerships bringing China and the UAE closer together.
Dubai Aerospace Enterprise (DAE) plans to raise $2.1 billion to meet working capital requirements, according to a Bloomberg report cited by Zawya. The seven-year loan will be arranged by major institutions including Bank of China, ICBC, and China Construction Bank (Asia). The financing will be split into US dollar and UAE dirham tranches.
The Mohammed bin Rashid Center for Leadership Development has signed two memoranda of understanding with Peking University in China and Seoul National University in South Korea. The agreements establish a new series of Dubai Leadership Research aimed at MBA and executive education curricula. The signing took place during the Mohammed bin Rashid Leadership Forum in Dubai.
Gulf Cooperation Council Secretary-General Jasem Al-Budaiwi called for concrete progress in cross-border banking cooperation between the GCC and China. The remarks were made during a Bangkok meeting between GCC central bank governors and People's Bank of China Governor Pan Gongsheng. The discussions aimed at linking financial markets, supporting trade facilitation, and maintaining monetary stability.
UAE Presidential Special Envoy Khaldoon Khalifa Al Mubarak met Chinese Foreign Minister Wang Yi in Beijing to advance the Comprehensive Strategic Partnership. Concurrently, Dubai Crown Prince Sheikh Hamdan bin Mohammed reported that non-oil trade between Dubai and China grew 172-fold over 35 years to AED 363.5 billion in 2025.
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