Other Briefings
China’s High-Net-Worth Individuals Flock to Dubai in Search of New Lucrative Business Opportunities
China’s high-net-worth individuals (HNWI) are attracted by the favorable policies and stable political and economic environment in Dubai.
China’s Rongsheng Petrochemical and Saudi Aramco Forge Closer Energy Ties with New MoU
Discussions are ongoing between Saudi Aramco and China’s Rongsheng Petrochemical regarding their mutual intent to acquire ownership stakes in each other’s subsidiary entities.
The UAE F&B Market: Opportunities for Businesses
The UAE’s F&B market, the Gulf’s second-largest after Saudi Arabia, thrives on consumption driven by an affluent local population, large expat presence, and the country’s role as a regional commercial hub attracting millions of global visitors yearly.
Delays Anticipated to Oman-India FTA Over Duty Concessions on Petrochem Products
Customs duty concessions on petrochemical products, utilized heavily in the plastics industry, are raising concerns among Indian stakeholders.
Oman-India FTA Talks Expected to Conclude in January: Latest Updates
Oman and India have continued to keep pace with fast moving negotiations to their bilateral free trade deal. We discuss the key issues in brief.
Shaping ASEAN-GCC Investment Dynamics in 2024
By Michael Barantschik The global economic landscape is continuously shaped and reshaped by the dynamic interactions between various regional blocs. Among these, the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC) stand out for their unique contributions and growing interdependence in trade and investment.
QIA Secures 4.26% Share in Kingdee, Injecting $200M Investment
On December 10, Kingdee International Software Group Co., Ltd, (0268.HK) announced that Qatar Investment Authority (QIA) will make a strategic investment of around US$200 million in consideration for approximately 4.26 percent of Kingdee’s total issued ordinary shares, subject to a lock-up period of 180 days.
NIO’s $2 Billion Funding by CYVN: Catalyzing New Narratives for China and the Middle East
On December 18, 2023, China’s Nio (NIO) revealed it received a US$2.2 billion (RMB 15.55 billion) investment from Abu Dhabi’s CYVN for 294 million new shares. With this deal, CYVN will hold a 20.1 percent stake in Nio.
UAE Details Provisions of Recently Implemented E-Commerce Law
The Ministry of Economy of the UAE recently unveiled detailed provisions of its latest e-commerce legislation, Federal Decree Law No. (14) of 2023 on Commerce through Modern Means of Technology, which has been in effect since September.
Astra Tech, Tencent Team Up To Link Botim Pay Users To China’s Weixin
Bilateral payment system will become part of a US$200 billion, unsanctionable trade corridor The UAE based Astra Tech investment group, one of the largest in the MENA region, and a major player in consumer technology, has announced a partnership with China-based Tencent Financial Technology to launch cross-border remittances from the UAE’s Botim pay users to […]
