Dubai Chambers has held talks with a major Chinese trade body in Shanghai aimed at strengthening economic ties and increasing trade and investment between the two markets.
The meeting, with the China Council for the Promotion of International Trade (CCPIT) Shanghai, focused on expanding cooperation across key sectors, including the digital economy.
Dubai Chambers President and CEO Mohammad Ali Rashed Lootah met CCPIT Shanghai Vice Chairman Yang Dongsheng, with discussions centred on supporting business communities in both regions and encouraging two-way investment.
Mohammad Lootah said, “Dubai and China share a dynamic economic partnership with significant scope to expand trade and investment ties, deepen collaboration, and drive mutual growth. We are committed to further strengthening cooperation between the business communities in both markets, supporting two-way investment flows, and exploring new opportunities across priority sectors.”
China ranked seventh among the countries of origin for new foreign companies joining Dubai Chamber of Commerce in 2025. A total of 1,583 new Chinese companies joined the chamber’s membership throughout the year, representing annual growth of seven per cent.
Saudi Arabia has restored full oil pumping capacity through the East-West pipeline to about seven million barrels per day, it said on Sunday, days after providing an assessment of damage on its energy sector from attacks during the Iran conflict.
Dubai’s First Deputy Ruler, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, has held talks with the chief executive of global investment firm Brookfield Corporation on strengthening cooperation and attracting further investment to the emirate.
Dutch regulators approved the use of Tesla's TSLA.O self-driving software with required human supervision on highways and city streets in a European first for the electric car maker, which hopes to see similar action from the rest of the European Union.
Lufthansa flights were significantly disrupted on Friday as cabin crew union UFO staged a one-day strike, the airline's third work stoppage in two months, impacting operations at its Frankfurt and Munich hubs.
Dubai’s real estate sector has posted a strong start to 2026, with total transactions reaching AED 252 billion in the first quarter — a 31 per cent increase in value compared to the same period last year.
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