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United Arab Emirates (UAE)

The deal with Ensonic marks MTR Lab’s first investment in a mainland Chinese company. Photo: Edmond So

MTR Lab backs AI start-up Ensonic in first mainland Chinese investment

Ensonic produces AI-based acoustic detection systems used for equipment quality control and maintenance.

HKEX to open Saudi office next year to enhance market presence, connections

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Opinion | Brics is not anti-West, it just wants a fairer world order

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How Hong Kong can compete with Singapore, Dubai in gold trading

Hong Kong has to create a comprehensive gold trading ecosystem, attract international traders, central banks and hedge funds.

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Hong Kong’s Airport Authority has unveiled plans to expand the capacity of its gold vault from 150 tonnes to 1,000 tonnes. Photo: Shutterstock

Multi-country digital currency platform is worth the effort: central bankers

‘We must reduce new cross-border payment frictions while removing existing ones,’ says PBOC deputy governor.

The View | What Brics members could learn from Nobel Prize winners in economics

For Brics nations to secure global reforms, they must build effective institutions, protect property rights and strengthen the rule of law.

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China fuels renewables capacity in Brics nations past 50%

Rapid investments in grid infrastructure and energy storage is needed to fully harness the potential of renewables, expert says.

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Workers install a blade of a 16-megawatt wind turbine at the Zhangpu wind farm in southeast China’s Fujian province. Photo: Xinhua

US adds 6 more Chinese companies to export blacklist for boosting Iran, PLA

Firms acting contrary to American national security in supporting Tehran’s ‘weapons of mass destruction programme’, says Commerce Department.

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Follow the crowds to the beach for the best thing to do in Dubai at night

Floodlit and with lifeguards sporting night-vision binoculars, Dubai beaches too hot to use by day have drawn over a million night visitors.

Exclusive | Dubai’s DP World eyes mainland China market with Hong Kong acquisition

The UAE ports firm aims to leverage its acquisition of Cargo Services Far East to enhance logistics, connect Chinese products globally and expand in Africa.

DP World chairman and CEO Sultan Ahmed Bin Sulayem wants to deepen business ties in China. Photo: Edmond So

Dubai vs Abu Dhabi: a tale of two emirates reveals modern and historical wonders

Home to more than their fair share of the world’s biggest, fastest and tallest wonders, Abu Dhabi and Dubai offer features of ultra-modern architecture and an oil-wealth of sights to marvel at.

Burj Khalifa rises into the clouds. It’s the tallest man-made structure in the World at 828 metres, in downtown Dubai. Photo: Getty Images

India detects first case of fast-spreading mpox strain

Public health officials are on high alert, implementing enhanced screening measures at international airports.

Singapore Exchange eyes Middle East move to target Dubai-bound hedge funds

The planned expansion comes as major fund managers flock to Dubai, attracted by favourable tax conditions and government incentives.

Wrise expands in Hong Kong after seeing more rich clients opening family offices

Wrise, a wealth management platform, has expanded in Hong Kong after seeing an increase in rich clients setting up family offices.

Wrise Prestige CEO Henry Shin, left, and Wrise Group Chairman Derrick Tan. Photo: SCMP/Jonathan Wong

Opinion | China’s growing influence in Middle East carries its own risks

Making moves in line with geopolitical interests rather than economic ones are growing China’s regional influence but risk irking friends.

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UAE President Sheikh Mohamed bin Zayed al-Nahyan (right) bids farewell to Premier Li Qiang after an official reception in Abu Dhabi on September 12. Photo: Reuters

Hong Kong, Dubai to boost efforts on sustainable finance as climate risk mount

Global climate finance must increase by at least sixfold to US$8.5 trillion annually through 2030 to prevent global warming, a US non-profit says.

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Man City hearing over 115 charges for Premier League financial breaches begins

An independent panel will hear evidence for at least two months against the champions, with a verdict unlikely until 2025.

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Senior US official lauds China cooperation on tech-transfer controls

‘End-use checks’ have improved since the pandemic, but pending congressional legislation is keeping mainland firms in limbo.

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Matthew Axelrod (right), US assistant secretary for export enforcement at the Department of Commerce, speaks at the Centre for Strategic and International Studies in Washington on Thursday, with William Reinsch of CSIS.

Hong Kong companies sign agreements for Middle East expansion

Home-grown firms FansWave, Farmacy and Allied Environmental Consultants sign agreements with UAE investment firm at Belt and Road Summit.

New phase in Belt and Road Initiative begins as deals, connectivity thrive

The China-led initiative is evolving as private sector partnerships grow amid advances in digitalisation, connectivity.

Hong Kong to tout strengths in dispute resolution at Southeast Asia roadshows

Justice secretary Paul Lam to lead another delegation to Brunei, Vietnam and Malaysia to promote the city’s ‘unique advantages’.

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Secretary for Justice Paul Lam Ting-kwok speaks at the 9th Belt and Road Summit in Hong Kong on September 11, 2024. Photo: Eugene Lee

China’s US$40 billion skincare market adjusts as value-for-money drives growth

Chinese consumers are switching to value-for-money names from luxury icons. Foreign brands are learning from the market as local brands dominate skincare sales.

A Drunk Elephant pop-up booth in a Shanghai mall. Photo: Handout

Meet Ghaliaa Chaker, a hijab-wearing singer out to inspire others like her

Ghaliaa Chaker is part of an all-girl biker group, sings mostly in Arabic, has 439,000 followers on Instagram – and she performs in a hijab.

Lower costs, stronger EM links boost yuan’s appeal in trade finance, bank says

The yuan’s funding costs for trade finance are about 3 percentage points lower than loans priced in the US currency, Standard Chartered says.

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Chinese EV start-up Rox Motor to push overseas expansion

Shanghai-based carmaker aims to grow sales channels in the Middle East, Africa and Central Asia as price war at home erodes margins.

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Rox Motor is viewed as a latecomer in mainland China’s EV race, where 50 or so players are now embroiled in a discount war. Photo: Weibo/Rox Motor

Pope heads to Southeast Asia in ambitious trip

Pope Francis’ visit aims to cement the Catholic Church’s position in the region and comes despite his growing health problems.

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Pope Francis will visit four countries in Southeast Asia starting next week. Photo: Reuters

Exclusive | HSBC’s London-based CEO starts work in Hong Kong. Here’s why

A Mandarin-speaking chief executive may go some way to help HSBC mend ties with its biggest shareholder Ping An Insurance (Group), which has been agitating to break up the bank since 2022.

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Telegram’s Pavel Durov charged, banned from leaving France

France releases Telegram boss Pavel Durov on a US$5.5 million bail after he was charged over alleged criminal use of app.

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United Arab Emirates (UAE)
The latest news, analysis and opinion on United Arab Emirates (UAE). In-depth analysis, industry insights and expert opinion.
Capital
Abu Dhabi
Head of State
President Mohammed bin Zayed Al Nahyan
Head of Government
Prime Minister Mohammed bin Rashid Al Maktoum
last updated:
25 September, 2024
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