Oil and gas, renewables, storage and environmental industries
Brent crude futures traded above $102 per barrel on October 2, 2026, amid Chinese refined fuel export suspensions and evolving Gulf shipping dynamics. China paused exports ahead of Golden Week to safeguard domestic stockpiles, while Saudi Arabia resumed loadings at Yanbu.
China's outbound direct investment into the UAE reached $2.6 billion, more than tripling compared to the previous reporting year and lifting cumulative investment stock to $12.47 billion. Meanwhile, bilateral non-oil trade crossed $100 billion alongside major expansions by Chinese firms in autonomous driving, financial services, logistics, and energy.
Official foreign direct investment data released on September 30, 2026, revealed that Chinese outbound investment into the UAE reached $2.6 billion. The capital flows represent a more than threefold increase over the previous year, elevating the cumulative investment stock to $12.47 billion.
Trafigura Group has closed an upsized USD 4.4 billion syndicated revolving credit and term loan facility with 40 financial institutions. The package features heavy participation from Chinese and Middle Eastern lenders, including Abu Dhabi Commercial Bank, and includes a USD 1.6 billion-equivalent offshore renminbi tranche. Funds will refinance existing debt maturing in 2023 and 2025 and support general corporate operations.
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