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China's outbound direct investment into the UAE reached $2.6 billion, more than tripling from the previous reporting year and raising cumulative investment stock to $12.47 billion. Bilateral non-oil trade surpassed $100 billion alongside major UAE expansions by Chinese firms including China Securities, JINGDONG Property, and Momenta.
Iran has approved 10 foreign investment projects worth over $130 million in Isfahan Province during the first half of the current Iranian year. The approved ventures include investors from China, the UAE, Afghanistan, Oman, the Netherlands, and Germany-based Iranians. Projects span multiple sectors including solar power, steel production, cotton yarn, clinic construction, and POS terminals.
Khaldoon Al Mubarak has come under the spotlight as the Manchester City financial breaches controversy impacts UK-UAE relations. Al Mubarak serves as the UAE's presidential special envoy to China, managing director and group CEO of Mubadala, and chairman of City Football Group. Reports indicate that major Emirati investments in the UK could be jeopardised by the ongoing Premier League dispute.
Dubai-based real asset firm ROX Capital Group has launched the ROX Gulf Energy Storage Platform to advance utility-scale and commercial storage projects in the UAE and Oman. The platform will identify and deploy diverse battery chemistries and long-duration storage technologies while assessing regional assembly and manufacturing opportunities. ROX plans to partner with established technology providers to participate in upcoming regional storage tenders.
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