Ports, shipping, aviation cargo, warehousing and trade
Chinese President Xi Jinping and Oman's Sultan Haitham bin Tarik held bilateral talks in Beijing, issuing a 20-point joint statement. Oman expressed openness to negotiating a preferential bilateral trade and investment pact, while both sides pledged cooperation in energy, technology, and transport.
Oman and China signed 23 investment agreements and cooperation partnerships in Beijing, including two joint funds capitalized at a combined 1.1 billion US dollars. The agreements span renewable energy, mining, logistics, space technology, energy storage, and digital infrastructure across Oman and regional Gulf markets. The signings occurred during the Oman-China Investment Partnership Horizons Forum alongside His Majesty Sultan Haitham bin Tarik's state visit.
The UAE Federal Tax Authority issued Tax Public Clarification TAXP010 confirming that Free Zone and Designated Zone definitions differ across Corporate Tax, VAT, and Excise Tax. These definitions are not interchangeable, requiring companies to assess each tax regime independently. Certain zones like JAFZA, DAFZA, and KIZAD qualify as Corporate Tax Designated Zones, whereas ADGM, DIFC, and DMCC do not qualify as VAT Designated Zones.
Major Chinese energy corporations including CNPC, CNOOC, and Sinopec showcased low-carbon technologies, artificial intelligence, and field equipment at ADIPEC 2026 in Abu Dhabi. The exhibition convened approximately 2,260 companies representing more than 170 countries and regions. During the opening, UAE Minister and ADNOC Managing Director Sultan Al Jaber highlighted rising maritime logistics costs and called for closer energy supply-chain integration.
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