News
Policy updates, China–UAE developments, industry news and official Middle East travel alerts.
The benchmark TD22 supertanker freight rate for shipping crude oil from the US to China slipped to $634,974 per day after hitting an all-time peak of $637,675 on October 8. Elevated chartering costs have prompted Chinese refiners to turn to Middle Eastern and Latin American suppliers for crude supplies.
A group of 19 young Emiratis completed a specialized field research programme in Shanghai focused on UAE-China cooperation. The initiative examined industrial partnerships, traditional Chinese medicine, and public governance through site visits and collaborative research.
Sharjah leadership met with China's Consul General in Dubai to discuss commercial partnerships across artificial intelligence, regional data centers, healthcare, and automotive manufacturing. Bilateral trade between the emirate and China reached roughly AED 6.3 billion in 2025, with 851 Chinese enterprises operating in Sharjah as of June 2026. The meeting also addressed plans to establish a dedicated Chinese cultural and language institute.
The UAE Cabinet has approved a three-year federal budget totaling Dh292.5 billion for the 2027-2029 cycle, marking a 28.3 percent spending increase. Federal expenditures for 2027 are set at Dh90.1 billion, with the largest share directed toward social development, education, and healthcare.
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