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October 1, 2026Source: مركز المستقبل

Future Center Assesses BRICS as China’s Strategic Lever in AI Race

An analysis by the Abu Dhabi-based Future Center explores whether China can leverage the expanded BRICS grouping to advance its global artificial intelligence standing. Beijing has proposed initiatives including an open-source AI community, shared cloud infrastructure, and joint capacity building across member states. The assessment highlights opportunities and strategic considerations for member economies navigating global technology competition.

China–UAE News

October 1, 2026Source: World Coffee Portal

Mubadala Agrees to Acquire $1bn Minority Stake in China’s Luckin Coffee

Abu Dhabi sovereign wealth fund Mubadala Investment Company has agreed to acquire a $1 billion minority stake in Luckin Coffee. The transaction is conducted in partnership with Luckin's controlling shareholder Centurium Capital, whose 22.08% ownership remains unchanged. Luckin operates over 36,000 stores in China alongside 250 international locations.

Industry News

October 1, 2026Source: Utilities Middle East

UAE Explores Nuclear Expansion Tender and Small Modular Reactors for Industrial Power

The UAE is evaluating a commercial tender that could double its nuclear reactor fleet while exploring small modular reactors for data centres, ports, and hydrogen production, according to an analysis by law firm Stephenson Harwood reported by Utilities Middle East. The expansion builds upon the fully operational 5.6 GW Barakah Nuclear Energy Plant to support projected power market growth from 54.15 GW to 68.08 GW. Advanced reactor initiatives include partnerships on GE Vernova Hitachi's BWRX-300 SMR and NANO Nuclear Energy's KRONOS micro-modular reactor.

Industry News

October 1, 2026Source: bloomberg.com

China Expands Property Support as Developer Losses and Mortgage Risks Persist

China's property market slump has dragged on for five years, with falling values and mounting debt straining developers and households. Government-backed developer China Vanke reported a record 89 billion yuan loss, while China Evergrande was delisted from the Hong Kong stock exchange. In response, Chinese authorities have introduced mortgage interest subsidies and relaxed municipal purchase rules as falling values push millions of mortgages underwater.