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.
The UAE and Azerbaijan have officially entered into a Comprehensive Economic Partnership Agreement (CEPA) to bolster trade and investment relations between the two nations.
Dubai Properties, a member of Dubai Holding Real Estate, has awarded contracts worth nearly AED 1.1 billion to Metac General Contracting Co. LLC for the construction of 850 townhouses at Villanova in Dubailand.
Parkin has entered into a multi-year agreement with real estate developer Binghatti Holding, where it will operate approximately 1,200 spaces across selected Binghatti developments.
The UAE's Minister of Economy and Tourism, Abdulla bin Touq Al Marri, has met with a high-level delegation from Uzbekistan to explore ways to strengthen economic and investment ties.
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.
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