Explore the industries creating new opportunities for cooperation across both markets.
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Saudi Arabia and the UAE are preparing to assist Asian nations in establishing regional oil reserves to strengthen energy security. Officials plan to discuss reserve development at the Asian Zero Emission Community ministerial meeting in the Philippines.
The Wall Street Journal reports that a cockpit attack aboard a FlyDubai flight to Tel Aviv has introduced new risks to Dubai's economy. The incident delivered a setback to the emirate's image as a haven insulated from regional Middle East conflict. FlyDubai has suspended services to Israel amid ongoing investigations into aviation security and crew vetting.
China Securities (CSC Financial) has received an operational licence from the Dubai International Financial Centre and authorization from the Dubai Financial Services Authority. The Beijing-headquartered brokerage will provide investment banking, capital markets, and asset management services to bridge Chinese and Gulf capital. In parallel, JD Properties partnered with KEZAD Group to construct a 150,000-square-meter logistics facility in Abu Dhabi.
China Offshore Oil Engineering Co., Ltd. (COOEC) has received an award notification from QatarEnergy for the MM EPIC2 project. The scope encompasses over 100 kilometers of subsea pipelines, cables, and umbilical lines for the Maydan Mahzam offshore redevelopment. The contract lifts COOEC's cumulative Middle East order intake past 50 billion yuan over three years.
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