Skip to content

Connecting business. Building understanding. Advancing peace.

Daily BriefVerify a certificateDue Diligence
Become a Member

Gulf Cooperation Council

Policy & Legal Updates
Source: GCC General Secretariat

GCC Secretary General and Chinese Trade Official Discuss Progress on Bilateral FTA

GCC Secretary General Jasem Mohamed Albudaiwi met with China's Vice Minister of Commerce Li Chenggang in Doha to review ongoing Free Trade Agreement negotiations. Both sides reviewed technical working group progress and emphasized addressing trade obstacles to accelerate signing. The pact is intended to boost trade and investment flows between China and GCC member states, including the UAE.

Industry News
Source: Lloyd's List

China Increases GCC Crude Imports via Modified Maritime Routes

Non-Iranian Middle East Gulf crude oil flows to China climbed toward pre-disruption levels as logistics adapted to shifting market conditions. According to Vortexa data, ship-to-ship transfers accounted for more than half of all Middle East Gulf crude exports delivered to China in September. Chinese energy importers have increasingly turned to Gulf Cooperation Council suppliers to replace squeezed volumes.

China–UAE News
Source: The Star

Malaysia and China Discuss Advancing ASEAN-China-GCC Economic Ties and Currency Settlement

Malaysian Deputy Prime Minister Ahmad Zahid Hamidi met Chinese Vice-Premier Ding Xuexiang in Beijing to advance trilateral economic cooperation between ASEAN, China, and the GCC. Discussions focused on building toward a trilateral agreement and promoting greater use of the Chinese renminbi in China-GCC trade. Officials noted that expanded local currency trade could impact exchange rates among the renminbi, the Malaysian ringgit, and GCC currencies.

The UECN Brief

Policy updates, China–UAE business news and industry insights, delivered to your inbox.

Language
Subscriptions

Double opt-in: we send a confirmation link. Unsubscribe at any time. Privacy