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China–UAE News

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

Industry News
Source: Menafn

Abu Dhabi Chamber Wins Best Sustainability Initiative for Business Label Program

The Abu Dhabi Chamber of Commerce and Industry has received the 'Best Sustainability Initiative' award at the 10th Abu Dhabi Sustainable Business Leadership Awards for its Sustainability Label. Organized by the Abu Dhabi Sustainability Group, the award recognizes the tool for helping private companies assess and advance their environmental, social, and governance performance. The Chamber stated it aims to expand the initiative to support broader private-sector competitiveness.

Industry News
Source: Gulf Business

Saudi Arabia Cuts November Oil Prices to Asia to Six-Year Lows

Saudi Aramco has unexpectedly reduced its official selling prices for crude oil delivered to Asia in November to six-year lows. The flagship Arab Light grade was priced at a 5-dollar-per-barrel discount to the Oman and Dubai benchmark average, marking a 3-dollar reduction from October. Asian refining sources indicated the price cuts appear intended to offset elevated freight costs and safeguard export market share.

Industry News
Source: ThinkChina

China AI Expansion Across Global South Points to New Belt and Road Strategy

An analysis published by ThinkChina outlines how Beijing is leveraging multilateral platforms to export its entire domestic artificial intelligence stack across the Global South. By promoting initiatives under the SCO, BRICS, and the new World AI Cooperation Organization, China aims to secure international scale, compute workloads, and revenue.

China–UAE News
Source: The Straits Times

Radiant World Misses September Salary Payments for Employees Amid Restructuring

Employees at iron ore trader Radiant World in Singapore, China, and Europe reported that their September salaries were not paid on schedule, according to The Straits Times. Staff indicated that recent salaries had been disbursed from a company account in Dubai, with the delay occurring as court-appointed interim judicial managers KPMG assume oversight of operations. The disruption follows legal actions by multiple lenders alleging the company raised financing using falsified documents, claims the trader has previously denied.

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