Oil and gas, renewables, storage and environmental industries
China's tax authorities announced a reduction in the value-added tax export rebate for new energy vehicles from 13 percent to 9 percent, effective April 1, 2027. The measure affects battery electric and plug-in hybrid vehicle shipments to foreign markets including the Gulf. Domestic consumption tax refund and exemption structures remain unchanged.
The UAE has called for the revival of joint Gulf defence and security cooperation following repeated missile and drone attacks targeting Saudi Arabia. Operations at Riyadh's King Khalid International Airport remained suspended as parts of Saudi airspace were shut down. Saudi Energy Minister Prince Abdulaziz bin Salman stated that economic and energy development initiatives will proceed uninterrupted.
A report by ForkLog details how central bank digital currencies and digital rails are transforming cross-border trade settlements between China and the UAE. According to cited Atlantic Council data, the multilateral mBridge platform has processed over 4,000 transactions totaling $55.5 billion, with roughly 95% settled in e-CNY. Furthermore, CNPC and Bank of China established a Macau-UAE settlement corridor, and China's CBETS cross-border system connected participants across the UAE and Qatar.
The United Arab Emirates has formally invited Chinese enterprises to explore manufacturing partnerships and investment opportunities across key industrial sectors. Priority focus areas include advanced manufacturing, clean energy, artificial intelligence, and healthcare research and development. UAE authorities highlighted enablers including 100 percent foreign ownership, streamlined corporate taxes, and the National In-Country Value programme.
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