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Logistics & Trade

Ports, shipping, aviation cargo, warehousing and trade

Policy & Legal Updates
Source: BigGo Finance

China and Oman Sign $4.5 Billion Currency Swap and Digital Currency Pact

The People's Bank of China and the Central Bank of Oman have signed a five-year bilateral currency swap agreement valued at 30 billion yuan ($4.5 billion). The central banks also signed a memorandum of understanding covering central bank digital currencies and cross-border payment cooperation during Sultan Haitham bin Tarik's state visit to Beijing. The pact broadens China's monetary cooperation network in the Gulf alongside existing arrangements with the UAE.

Industry News
Source: Aviation A2Z

Emirates President Criticises Boeing 777X Delays and Backs Airbus A380 Revival

Emirates President Sir Tim Clark has expressed frustration over prolonged Boeing 777X delivery delays and engine maintenance bottlenecks affecting the carrier's widebody fleet. Clark confirmed Emirates will not take early-build 777-9 aircraft and reiterated his call for Airbus to develop a modernised A380. He also revealed that seven of the airline's A380s remain grounded due to engine overhaul turnaround times exceeding 350 days.

Industry News
Source: Xinhua

China and Oman Discuss Deeper Energy, Supply Chain, and GCC Strategic Alignment

Chinese President Xi Jinping met with Sultan Haitham Bin Tarik Al Said of Oman in Beijing during a state visit. The leaders discussed expanding energy partnerships, supply chains, and mutual trade channels. Discussions also focused on aligning GCC economic diversification strategies with the Belt and Road Initiative, including port and transport infrastructure.

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