News
Policy updates, China–UAE developments, industry news and official Middle East travel alerts.
A senior official from the United Arab Emirates has cautioned against directly transposing foreign antitrust leniency models into the country's legal system. Speaking at an industry event, the official indicated that the UAE aims to tailor competition enforcement policies to local economic and market conditions rather than relying on a copy-and-paste approach.
A joint venture between China's Sinohydro and Egypt's Elsewedy Electric has secured a $2.2 billion EPC contract for a 2.3-gigawatt gas-fired power plant in Saudi Arabia. The Rabigh 2 IPP expansion facility is backed by ACWA Power and Saudi Energy, with commercial operations planned for May 2029. Financing includes $2.58 billion in long-term debt backed by 14 lenders, including the Industrial and Commercial Bank of China.
The Central Bank of the UAE has issued Circular No. 5/2026, introducing an updated governance and remuneration regime for banks and insurance firms. Regulated institutions must complete an internal gap analysis within 180 days and achieve full compliance within 15 months. The framework mandates stricter controls over risk-linked pay, incentive schemes, and annual compensation disclosures.
Kazakhstan-headquartered developer BI Group has entered into an agreement with CITIC Middle East Contracting, the UAE subsidiary of China's CITIC Construction Co. The partnership establishes a framework for CITIC's proposed appointment as main contractor for three upcoming real estate projects in Dubai's Meydan Horizon. CITIC will also provide early-stage design support, value engineering, and construction coordination.
Policy updates, China–UAE business news and industry insights, delivered to your inbox.
Membership
Tell us about your experience and connection to UAE–China business. UECN assesses your application and offers the right membership category — fees are shared privately with your offer.
We send you a one-time sign-in link — your answers are saved as you go.
