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Tag Archives: China

Eastern promise: UAE’s financial hubs target China

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day As the United States and China begin talks today to try and avert an escalating trade war, the two main financial centres of the United Arab Emirates have already been courting Chinese dignatories, as they seek to become …

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Hala China: UAE to go all out to woo the Chinese traveller

By Staff Report, Khaleej Times Meraas has launched a new initiative – Hala China – to attract Chinese visitors to the UAE in line with Dubai’s Tourism Vision 2020 strategy. The new initiative has been launched in collaboration with Dubai Holding and DXB Entertainments. It aims to organise events and create tourism packages catered to Chinese visitors, according to a …

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Trading places: Dubai’s non-oil trade rises, with China, India and the U.S. it’s biggest partners

Dubai’s non-oil foreign trade grew by 2 percent last year, with China, India, the United States and Saudi Arabia topping a list of the emirate’s biggest trading partners, the Dubai government’s media office said in a press release on Monday. The emirate’s non-oil trade grew by 26 billion dirhams ($7.1 billion) to total 1.302 trillion dirhams in 2017, up from …

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Chinese firm wins $163mln contract for Damac’s Dubai skyscraper

China State Construction to build tower at Aykon City overlooking Dubai Canal. Damac Properties has announced the award of a 600 million UAE dirham ($163.4 million) contract to build a tower at its Aykon City project on Sheikh Zayed Road in Dubai. The company has chosen China State Construction Engineering Corporation’s Middle East (CSCEC) arm to build the tower overlooking …

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UAE stands to be a big winner from China’s $900bln Belt & Road plan – report

By: Michael Fahy, ZAWYA Ancient trade routes from China through central Asia by rail (Belt) and to Africa and beyond by sea. The United Arab Emirates has been ranked as third in a global index of nations that stand to benefit most from China’s Belt and Road Initiative, according to a new report released on Tuesday by property consultancy Knight …

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China’s Legend strikes $1.8bln deal to buy Luxembourg’s BIL bank from Qatari investors

China’s Legend Holdings struck a deal on Friday to buy a 90 percent stake in Banque Internationale a Luxembourg (BIL) from Qatar’s royal family for 1.48 billion euros ($1.76 billion), marking its biggest overseas acquisition. Legend, owner of computer group Lenovo Group Ltd , is acquiring 161-year-old BIL from Precision Capital, an investment vehicle of Qatar royal family members including …

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China’s ICBC in talks with Gulf governments, firms on yuan bonds

Industrial and Commercial Bank of China is talking to governments and state-linked entities in the Gulf that are interested in issuing yuan-denominated bonds in China, said an executive at ICBC, China’s largest bank. One government entity is in the process of applying to issue such instruments, known as panda bonds, which would make it the first issuer from the Middle …

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Chinese firms to invest $300mln in Abu Dhabi

Five Chinese companies will start operations in Abu Dhabi’s industrial zone with an initial investment of $300 million in a boost for the oil-rich emirate’s economic diversification plans. The companies, from Jiangsu province on China’s east coast, are involved in sectors ranging from power and metals to natural resources and banking, Abu Dhabi officials said. Chinese companies are increasingly seizing …

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Abu Dhabi Global Market and China’s Qianhai Authority partner to promote investment and FinTech cooperation

The Financial Services Regulatory Authority, FSRA, of Abu Dhabi Global Market, ADGM, and the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, Qianhai Authority, have entered into a new partnership to develop and promote closer investment and financial innovation opportunities and collaborations for enterprises in Qianhai, Hong Kong and Abu Dhabi. In support of China’s One Belt One …

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China to build modern international road transport system by 2020

China will build an open, modern and efficient international road system by 2020 to facilitate international transport and strengthen connectivity among countries along the Belt and Road. China will advance transport infrastructure construction along the Belt and Road, improve customs clearance efficiency and strengthen emergency rescue capabilities to facilitate international transport, according to a circular jointly released by eight central …

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