Retail, e-commerce, hospitality and tourism
Abu Dhabi sovereign wealth fund Mubadala has acquired a $1 billion minority stake in Luckin Coffee to finance its international growth. The Chinese coffee chain is now planning commercial launches across the GCC, prioritizing the UAE and Saudi Arabia.
The UAE and China have formalized a bilateral memorandum of understanding to accelerate two-way capital flows through joint investment platforms and dedicated funds. Concurrently, China's Luckin Coffee is evaluating an expansion into Gulf markets following a $1 billion investment deal involving Abu Dhabi sovereign wealth fund Mubadala and Centurium Capital.
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.
Qatar Airways has released an updated passenger security advisory concerning the carriage of power banks and lithium batteries. Passengers are limited to two power banks not exceeding 100 Watt-hours, which must be kept in carry-on baggage. In-flight charging is strictly prohibited, and failure to comply may result in denied boarding and legal action.
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