Retail, e-commerce, hospitality and tourism
The UAE and China convened their third round of consular consultations in Abu Dhabi under their comprehensive strategic partnership. Officials reviewed the economic impact of mutual visa exemption agreements on tourism and corporate mobility. Discussions also focused on consular services for expatriates and commercial travel support.
The Emirates Group reported a pre-tax profit of AED 4.1 billion ($1.1 billion) for the first six months of the 2026-27 financial year, with after-tax profit falling 66% to AED 3.6 billion. Group revenue declined 12% to AED 66.2 billion as operations navigated regional conflict, airspace disruptions, and elevated jet fuel prices. The group retained cash reserves of AED 54.1 billion after debt servicing, aircraft delivery pre-payments, and dividend distributions.
Uber announced it expects to deploy nearly 200 fully driverless vehicles on UAE roads by the end of 2026. The milestone forms part of its global strategy to scale autonomous vehicles on its platform to over 2,000 by late 2027. International driverless operations rely heavily on Chinese autonomous driving partners, including WeRide and Baidu.
Guangdong Governor Wang Weizhong met with Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, in Guangzhou to expand bilateral cooperation across trade, advanced manufacturing, and emerging industries. Following the meeting, both leaders witnessed the signing of a memorandum of understanding on fostering exchanges and cooperation. The engagement coincides with expanding Chinese bank syndicated financing for UAE energy projects.
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