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Policy updates, China–UAE developments, industry news and official Middle East travel alerts.

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Policy & Legal Updates
Source: Arabian Business

China and US Reveal Reciprocal Tariff Cut Lists Covering 60 Billion Dollars

China and the United States have published reciprocal tariff exemption schedules covering approximately $30 billion worth of goods in each direction following September trade talks. The combined $60 billion in trade covered under the arrangement directly impacts Gulf shipping and logistics supply chains. Approximately 90 percent of the covered goods will transition to most favoured nation tariff rates.

Industry News
Source: Zawya

China’s Gotion High-Tech Secures 6GWh Battery Storage Contracts in Saudi Arabia

Chinese battery manufacturer Gotion High-Tech has secured contracts to supply 6 gigawatt-hours of utility-scale battery energy storage systems in Saudi Arabia. The award covers three projects under the Saudi Power Procurement Company's first procurement group, valued at approximately $1.16 billion. The systems will connect directly to the kingdom's 380-kilovolt transmission network.

Policy & Legal Updates
Source: Dainik Jagran MP CG

China Enforces 20 Percent Tax on Offshore Trusts and Wealth Assets

Chinese authorities have intensified tax enforcement against wealthy individuals and offshore assets, levying a 20 percent tax on offshore trust gains and income. Taxpayers have been given a 90-day window ending October 22 to declare and settle liabilities dating back to January 2023. The drive follows declining local land-sale revenue and uses Common Reporting Standard information sharing.

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