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LuLu Group has launched a two-month nationwide sales campaign in the UAE featuring promotions, discounts, and prizes valued at AED 100 million. Running through November and December, the initiative includes themed weekly events such as a Huawei-backed Super Friday sale. The retailer noted rising consumer optimism supported by UAE government initiatives driving tourism and trade.
The People's Bank of China and the Central Bank of Oman have signed a five-year bilateral currency swap agreement valued at 30 billion yuan ($4.5 billion). The central banks also signed a memorandum of understanding covering central bank digital currencies and cross-border payment cooperation during Sultan Haitham bin Tarik's state visit to Beijing. The pact broadens China's monetary cooperation network in the Gulf alongside existing arrangements with the UAE.
Chinese Foreign Ministry spokesperson Mao Ning responded to reports that Nvidia instructed cloud partners to limit services provided to Chinese firms. Mao stated she was unfamiliar with the specifics but emphasized that all parties should cooperate based on fairness, transparency, and non-discrimination. The response followed a Financial Times report claiming Nvidia told partners that at least 51 percent of service revenue must come from non-Chinese clients.
Emirates President Sir Tim Clark has expressed frustration over prolonged Boeing 777X delivery delays and engine maintenance bottlenecks affecting the carrier's widebody fleet. Clark confirmed Emirates will not take early-build 777-9 aircraft and reiterated his call for Airbus to develop a modernised A380. He also revealed that seven of the airline's A380s remain grounded due to engine overhaul turnaround times exceeding 350 days.
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