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.
French luxury group LVMH has agreed to sell fashion brand Marc Jacobs to a joint venture between brand manager WHP Global and apparel company G-III Apparel Group, which are raising up to $850 million to fund the deal, the companies said on Thursday.
India on Thursday tightened rules for duty-free gold imports for jewellery exports by capping imports at 100 kg per licence, the government said in an order.
The US Senate on Wednesday voted to confirm Kevin Warsh as the chair of the Federal Reserve, paving the way for the lawyer, financier and former central-bank governor to take the reins of the Fed.
Dubai Taxi Company (DTC) has announced a major expansion deal, signing an agreement to acquire National Taxi, one of the UAE’s established taxi operators, in a transaction valued at AED 1.45 billion.
Dubai Holding has acquired a 22.27 per cent equity stake in Emaar Properties from the Investment Corporation of Dubai (ICD), becoming the company's largest shareholder with a total 29.73 per cent stake.
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