His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Decision No. (24) of 2026 forming the Board of Directors of the Economic Security Centre of Dubai. Talal Humaid Belhoul was appointed Chairman, with Awad Hader Al Muhairi serving as Vice Chairman. The decree came into legal effect immediately upon its issuance.
UAE Presidential Special Envoy Khaldoon Khalifa Al Mubarak met Chinese Foreign Minister Wang Yi in Beijing on October 13, 2026. The officials reviewed bilateral economic ties and agreed to expand cooperation in trade, investment, industrial development, and advanced technologies. The meeting was also attended by UAE Ambassador to China Hussain bin Ibrahim Al Hammadi alongside senior officials.
China's tax authorities announced a reduction in the value-added tax export rebate for new energy vehicles from 13 percent to 9 percent, effective April 1, 2027. The measure affects battery electric and plug-in hybrid vehicle shipments to foreign markets including the Gulf. Domestic consumption tax refund and exemption structures remain unchanged.
Sharjah leadership met with Chinese diplomats on 12 October 2026 to discuss partnerships in artificial intelligence, healthcare, data centres, and automotive manufacturing. Bilateral trade between Sharjah and China reached approximately AED 6.3 billion in 2025, with 851 Chinese enterprises operating in the emirate as of June 2026. Separately, Dubai recorded non-oil trade of AED 363.5 billion with China in 2025 ahead of the Dubai Business Forum in Shenzhen.
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