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Chinese President Xi Jinping and Oman's Sultan Haitham bin Tarik concluded talks in Beijing, signing 16 bilateral cooperation instruments across supply chains, AI, and energy. The agreements integrate Omani maritime ports into Chinese logistics routes alongside a central bank currency swap. Bilateral trade between both nations reached approximately $25 billion in 2025.
An accounting analysis published by Khaleej Times indicates that UAE technology companies could see their first-year corporate tax bill surge by over 128% depending on how R&D costs are classified. Under IAS 38 rules, capitalising development spending rather than expensing it immediately increases first-year taxable income. The report highlights the need for careful financial planning ahead of the UAE's planned 2026 R&D tax credit launch.
UAE Supreme Council Member and Ruler of Ras Al Khaimah Sheikh Saud bin Saqr Al Qasimi led a high-level delegation to Guangdong Province, inaugurating RAK International (Guangzhou) LLC. The new consultancy serves as a permanent business gateway to connect Chinese investors with corporate opportunities in the emirate. During the RAK-China Business Summit in Shenzhen, the delegation signed several MoUs focusing on manufacturing, clean energy, and artificial intelligence.
Chinese Premier Li Qiang met with Sultan Haitham bin Tarik of Oman in Beijing to advance bilateral and regional economic ties. Premier Li called for accelerating negotiations to reach an early conclusion of the China-Gulf Cooperation Council free trade agreement. Discussions also covered strategic alignment across oil, gas, clean energy, and advanced technology sectors.
The State Council of the People's Republic of China
China
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