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Industry News

Explore the industries creating new opportunities for cooperation across both markets.

Each industry contains news, briefs, research and interviews.

China–UAE News
Source: TradingView

Luckin Coffee Weighs Gulf Expansion Following Backing From Abu Dhabi’s Mubadala

Luckin Coffee is considering entering Persian Gulf markets to drive international growth beyond China, according to company leadership. The strategic push follows a $1 billion joint transaction involving Abu Dhabi sovereign investor Mubadala Investment Company and Luckin's controlling shareholder Centurium Capital. Concurrently, the chain marked an overseas milestone by opening its 100th store in Singapore.

Industry News
Source: Gulf Business

QatarEnergy Extends LNG Force Majeure to Late 2026 Amid Hormuz Disruption

State-owned QatarEnergy has extended force majeure notices on liquefied natural gas deliveries to Italian utility Edison and Asian buyers due to continued transit disruptions in the Strait of Hormuz. Deliveries to Edison are suspended until early December, while Asian clients in Bangladesh and Pakistan face cancellations through November. Data from ICIS shows Qatari LNG exports fell to 18 cargoes through end-August 2026, compared to 509 in the same period last year.

Industry News
Source: Oil & Gas Middle East

Middle East to China VLCC Freight Rates Surpass $1.2 Million Daily

Daily earnings for Very Large Crude Carriers on the Arabian Gulf to China route exceeded $1.2 million per day in late September 2026. According to the Baltic Exchange, round-trip earnings for shipments from Ras Tanura to Ningbo hit $1,235,414 a day amid shipping bottlenecks near the Strait of Hormuz. LSEG data showed spot rates reached an absolute high of $1.27 million on September 21.

Industry News
Source: Muscat Daily

XPeng Appoints Mohsin Automobiles as Official Distributor in Oman

Chinese smart electric vehicle manufacturer XPeng has appointed Mohsin Automobiles LLC as its official distributor in Oman. The agreement marks XPeng's official entry into Oman and represents its fourth market in the Gulf Cooperation Council. Mohsin Automobiles will establish a sales, showroom, and after-sales service network across the Sultanate.

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