News
Policy updates, China–UAE developments, industry news and official Middle East travel alerts.
Asian markets are scheduled to import 23.96 million barrels of crude oil per day in September 2026, driven by Arabian Gulf supplies. China's foreign crude purchases reached 8.93 million barrels per day in August, a 6.2 percent increase month-on-month. Despite recovering maritime flows, total Asian crude imports remain 13 percent below pre-crisis baseline levels.
The UAE Ministry of Finance has issued ministerial decisions detailing reporting and compliance procedures under the OECD/G20 Pillar Two minimum 15 percent tax framework. The rules apply to multinational groups with consolidated revenue of at least EUR 750 million in at least two of the four preceding fiscal years. Guidelines define GloBE Information Return submissions, Federal Tax Authority notifications, and the appointment of local filing entities.
Abu Dhabi Global Market has announced the agenda and initial speaker lineup for Abu Dhabi Finance Week 2026 under the theme 'The Capital Community, Powered by Partnerships'. The event expands its international schedule to 75 sessions across eight stages, including bilateral dialogues dedicated to China. These forums aim to facilitate cross-border capital flows and strengthen institutional investment partnerships between the UAE and China.
Alibaba Cloud announced plans to expand its data centre footprint in the UAE, Hong Kong, Malaysia, Germany, and France over the next 12 months. The expansion supports the company's target of exceeding 20 gigawatts of international capacity by 2032 to meet artificial intelligence computing demand. Alibaba Cloud also introduced three international enterprise AI suites and revealed partnerships with several corporate clients.
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