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The Oman Investment Authority established a series of joint investment funds worth billions of dollars with Chinese institutions during a state visit to Beijing. The vehicles include an $800 million fund with the Silk Road Fund and co-investments focusing on technology and Omani projects. Bilateral central bank agreements on currency swaps and digital currencies were also executed.
Chinese-made autonomous shuttles developed by Guizhou-based Pix Moving have arrived in Ras al-Khaimah, UAE, to begin local adaptation testing. The RoboBus vehicles are designed for deployment across industrial parks, residential areas, transport hubs, and tourist destinations. The testing program assesses operational conditions ahead of potential commercial pilot operations.
Abu Dhabi-listed contractor NMDC Group has signed a long-term cooperation framework with the China Chamber of Commerce for the Petroleum Industry. Signed during ADIPEC 2026, the agreement aims to explore bilateral opportunities in equipment fabrication, supply chain development, and energy infrastructure. The pact was among five strategic agreements NMDC Group concluded during the four-day event.
China Securities has approved a US$725.3 million capital injection into its Hong Kong subsidiary, CSC Financial (International), raising its total capital base to US$1.39 billion. The overseas arm recently secured a financial services license from the Dubai International Financial Centre to build an operational presence in the UAE. The platform also recently assisted UAE-based Mashreq Bank in issuing its debut offshore renminbi dim sum bond.
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