Ports, shipping, aviation cargo, warehousing and trade
The People's Bank of China and the Qatar Central Bank have renewed their bilateral local currency swap agreement for the third time to facilitate cross-border settlements and direct investments. Concurrently, Qatari entities established cooperation agreements with Chinese counterparts in financial services, infrastructure, technology, and diamond trading.
UAE Minister of Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi attended the 42nd COMCEC session in Istanbul, calling for preferential trade activation and stronger trade finance. Figures presented showed UAE non-oil foreign trade with OIC nations reached roughly $358.1 billion in 2025.
The UAE Ministry of Foreign Affairs has condemned in the strongest terms an attack on the LNG tanker Al Mayeda in the Arabian Gulf. Officials warned that the incident poses a grave threat to maritime navigation, regional stability, and global energy supplies. The UAE expressed solidarity with Qatar and called for the safeguarding of commercial vessels and international law.
Motorists in the UAE who fail to respond to vehicle recall notices over manufacturing defects could face restrictions on car-related transactions starting January 1, 2027. Under Article 122 of Cabinet Decision No. 174 of 2026, licensing authorities may block procedures linked to a vehicle identification number. Commercial agents representing auto manufacturers are required to report defect data and provide free repairs.
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