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China–UAE News
Source: DealStreetAsia

GCC Sovereign Allocators Deepen Cross-Border Investment and Trade Corridors with Asia

Sovereign wealth funds and state allocators across the GCC are shifting toward strategic cross-border partnerships with Asia, demanding alignment with local economic roadmaps. Chinese institutional investors constitute roughly 40% of Investcorp's $750 million Golden Horizon fund, actively targeting mid-market and technology ventures across the GCC and Greater China.

Industry News
Source: Gulf News

UAE Unveils Asteroid Belt Probe as Space Sector Tops Dh44 Billion

Sheikh Hamdan bin Mohammed attended the unveiling of the UAE-developed probe for the Emirates Mission to the Asteroid Belt, which achieved flight readiness in under two years. The probe will journey five billion kilometres aboard the MBR Explorer to study seven asteroids, ending with an autonomous landing on 269 Justitia. Sheikh Hamdan noted that the UAE space sector is now valued at over Dh44 billion, with targets to double economic returns by 2031.

Industry News
Source: صوت الإمارات

China 5G Base Stations Top 5.19 Million as 5G Subscribers Reach 1.31 Billion

Official data released by China's Ministry of Industry and Information Technology shows steady growth in the telecommunications sector during the first eight months of the year. The total number of 5G base stations reached 5.195 million by the end of August, while 5G mobile phone subscribers climbed to 1.311 billion. Mobile internet traffic rose 17.3 percent year-on-year to 297.1 billion gigabytes.

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