Latest news with #UAE-China
Sharjah 24
23-05-2025
- Business
- Sharjah 24
Ajman CP witnesses signing of 10 strategic MoUs
The event saw participation from a UAE delegation representing various government and economic entities. During the event, His Highness Sheikh Ammar toured the UAE pavilions in the accompanying exhibition and witnessed the signing of 10 strategic Memoranda of Understanding (MoUs) between the Government of Ajman and Chongqing Municipality. Leading the list was an MoU to establish a sister-city relationship between Ajman and Chongqing, alongside agreements in industrial investment, free zone development, logistics connectivity, clean energy, and education—all reflecting a shared commitment to expanding bilateral partnerships and advancing sustainable growth. These MoUs represent a pivotal step in supporting the implementation of Ajman Vision 2030, which aims to establish a balanced and integrated development model. Dignitaries in attendance were Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Ajman Department of Tourism Development; Sheikh Rashid bin Ammar bin Humaid Al Nuaimi, Vice President of Ajman Club; Hussain bin Ibrahim Al Hammadi, UAE Ambassador to the People's Republic of China; Senior officials from Ajman Government, and business leaders and investors from both sides. The conference included presentations on investment opportunities across various Emirates. In his keynote address, Sheikh Abdulaziz bin Humaid Al Nuaimi emphasised that the UAE's wise leadership, under President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has laid the foundations for a balanced foreign policy based on openness and international cooperation. The UAE-China partnership, he noted, is a model of mutual understanding and joint action. He highlighted that the MoUs signed reflect the vision of His Highness Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman, to enusre the Emirate's prosperity and quality of life, making it one of the world's most attractive destinations for living and investment. Sheikh Abdulaziz emphasised that the Crown Prince's leadership of the delegation underscores Ajman's deep commitment to expanding international cooperation and forging strong partnerships with China, building on their long-standing bilateral ties. He noted that the UAE-China strategic partnership spans decades, advancing into key sectors such as clean energy, education, tourism, and future technologies. Regarding the MoU between Ajman and Chongqing, Sheikh Abdulaziz stated that it aims to establish a sister-city relationship and foster strategic partnerships, supporting Ajman Vision 2030, which aspires to a diversified, competitive economy and sustainable development built on innovation, a robust private sector, and improved quality of life for future generations. Sheikh Abdulaziz also announced the launch of the Ajman Economic Report 2025, developed in collaboration with the Oxford Business Group. The report highlights the Emirate's economic growth drivers and its path toward a diversified and sustainable economy aligned with Ajman Vision 2030. The report showcases key sectors such as industry, technology, tourism, and financial services, addressing efforts in digital transformation and balancing cultural identity with economic development. It underscores Ajman's growing stature on the global investment map and provides a comprehensive analysis of its economic landscape and available investment opportunities. Sheikh Abdulaziz welcomed Chinese companies and investors to explore the UAE's exceptional opportunities and join a thriving development journey that embodies the UAE-China partnership spirit. He noted that the two countries share aligned visions for sustainable development, innovation, and a future-forward approach. The conference, he said, offers a vital platform for direct engagement between business communities and highlights new initiatives to deepen economic ties. He concluded by thanking the UAE Embassy in Beijing and organising entities for their efforts in fostering bilateral cooperation and supporting initiatives that contribute to a brighter, more prosperous future for both nations. For his part, the UAE Ambassador to China confirmed that the conference reflects the depth of the two countries' economic relations. He noted that non-oil trade exceeded US$ 90 billion in 2024, with mutual aspirations to reach US$ 200 billion by 2030. Ding Xiangdong, Deputy Mayor of the Chongqing Municipal, commended the level of bilateral relations and stressed the importance of the conference in deepening cooperation. He emphasised Chongqing's strategic economic role in Western China and its significance in the Belt and Road Initiative, seeking to enhance global partnerships in advanced industry, smart transport, energy, and cultural exchange. He affirmed the municipality's commitment to providing a welcoming environment for UAE businesses and boosting institutional and economic collaboration. The conference witnessed active participation from KEZAD Group, Ras Al Khaimah Economic Zone (RAKEZ); Abu Dhabi Investment Office; Dubai Chambers; Ajman Free Zone Authority; Ajman Chamber of Commerce; and several CEOs and investors. Key MoUs signed between the Government of Ajman and Chongqing Municipality included collaborations between the two following entities: -Ajman's Department of Economic Development and Chongqing's Economy, Trade, and IT Commissions; -Ajman's Department of Tourism Development and Chongqing's Culture and Tourism Committee; -Ajman's Ports and Customs Department and Chongqing's Ports and Logistics Office; - Ajman Chamber of Commerce and Industry and the China Council for the Promotion of International Trade (CCPIT)- Chongqing; -Ajman Free Zone and the Liangjiang New Area Free Trade Zone. For academic cooperation, Ajman University signed MoUs with Chongqing University, and Southwest University. City University Ajman also signed an MoU with Southwest University, fostering academic and research collaboration and student exchange. The conference aligns with the UAE's efforts to enhance international cooperation, anticipate the future of the global economy, and solidify the country's position as a global hub for trade and investment through sustainable economic partnerships with friendly nations.
Mid East Info
21-05-2025
- Business
- Mid East Info
NMDC Group and Jiangsu Juxin Petroleum Steel Pipe ink agreement to explore collaboration - Middle East Business News and Information
MoU signed at Make it in the Emirates (MIITE), taking place between 19 to 22 May 2025 in Abu Dhabi. Collaboration agreement forms part of the MIITE mandate to drive industrial growth in the UAE, and serves as a further example of UAE-China bilateral cooperation across energy and manufacturing. Abu Dhabi, UAE: May 2025 – NMDC Group, a global leader in engineering, procurement, construction (EPC), and marine dredging (Abu Dhabi Securities Exchange: NMDC), has signed an Memorandum of Understanding (MoU) with Jiangsu Juxin Petroleum Steel Pipe, to explore areas of collaboration, with the long-term aim to establish fabrication facilities in the UAE for metallic pipes to be primarily used in the dredging sector. Jiansu Juxin Petroleum Steel Pipe, who specialize in the manufacturing spiral and longitudinal seam welded steel pipes develop products that are applied in offshore windmill, bridge & port pilling, dredging, high-speed rail and subway deep foundation, steel structure and other project settings. The partnership forms part of the MIITE mandate to drive industrial growth in the UAE, and serves as another credible example of UAE-China bilateral cooperation across energy and manufacturing. Eng. Yasser Zaghloul, CEO of NMDC Group, said: 'Collaboration is not optional but necessary in the diverse sectors that NMDC Group operates in, and this is precisely why we're delighted to ink another cooperation agreement that we believe will bring about impactful outcomes. This agreement also demonstrates the attractiveness of the UAE's industrial base for international players, who come here in full knowledge that 'Making it in the Emirates' is a blueprint for success. At NMDC Group, our businesses power the UAE's industrial ambitions, and we're proud that our partnerships with global and local partners open the door to new areas of economic growth and diversification.' Eng. Niels de Bruijn, CEO of NMDC Dredging and Marine, said: 'The strategic alliance between NMDC Dredging & Marine and Jiansu Juxin Petroleum Steel Pipe marks a powerful synergy, combining our unparalleled expertise in marine dredging and construction with their proven excellence in advanced steel pipe manufacturing. This partnership is set to deliver integrated, high-quality solutions for critical infrastructure projects worldwide, reinforcing our commitment to innovation and sustainable development within the marine and offshore sectors.' At MIITE, NMDC Group is showing how its work serves as a catalyst in propelling the development of Abu Dhabi and how it bolsters the UAE's efforts to further shape its modern landscape and stimulate the local economy. The Group is announcing several strategic partnerships, and will also provide updates on its projects, particularly its work internationally where the Group has an active pipeline of activities in Saudi Arabia, Oman, Taiwan, and Vietnam, alongside its work in the UAE.
Sharjah 24
21-05-2025
- Business
- Sharjah 24
RAK Ruler receives government delegations from China
Signing of hydrogen energy cooperation agreement During the meeting with Foshan government officials, H.H. Sheikh Saud witnessed the signing of a hydrogen cooperation agreement between Ras Al Khaimah Transport Authority (RAKTA) and the Foshan Institute of Environment and Energy Technology (FIEET). This follows the broader agreement signed with Guangdong Province during His Highness Sheikh Saud's visit to China in November. Goals of the strategic cooperation agreement The agreement, signed by Esmaeel Hasan Alblooshi, RAKTA Director-General, and Professor Wang Ziyuan, President of FIEET, seeks to deepen innovation in hydrogen energy. It will leverage both parties' strengths to align with strategic development goals in the hydrogen sector, including technological and industrial cooperation. RAK's commitment to sustainability and innovation His Highness Sheikh Saud said, 'This agreement between Ras Al Khaimah Transport Authority and Foshan Institute of Environment and Energy Technology is a significant step forward in our efforts to explore sustainable and innovative energy solutions." He affirmed Ras Al Khaimah's dedication to fostering partnerships in technology and sustainable development, particularly with regions in Guangdong Province. Strengthening UAE-China relations During the meeting, His Highness Sheikh Saud warmly welcomed the delegations and highlighted the enduring friendship between the UAE and China. He expressed Ras Al Khaimah's eagerness to deepen cooperation in technology, industry, and sustainable development, underscoring the emirate's vision of adopting advanced technologies and international collaboration. Areas of future cooperation Discussions between the parties explored potential areas for bilateral investment and collaboration. Mayor Bai Tao thanked His Highness Sheikh Saud for the hospitality and praised the emirate's achievements in economic and cultural development. Focus of the agreement The cooperation will promote hydrogen-powered public transport in Ras Al Khaimah and support clean energy infrastructure and green hydrogen supply systems. Joint efforts will also include research and industrialisation of hydrogen technologies such as electrolysers and fuel cells, and the establishment of platforms for clean energy exchange. RAKTA's perspective on the partnership RAKTA Director-General Esmaeel Hasan Alblooshi noted, 'We are proud to enter into this strategic partnership with our counterparts in Foshan... By harnessing our complementary strengths, we aim to build a long-term, mutually beneficial relationship that supports hydrogen energy development in both countries.' Meeting with Guangzhou delegation Later, His Highness Sheikh Saud also welcomed a government delegation from Guangzhou led by Vice Mayor Chen Jie. Talks focused on strengthening ties with Guangzhou and building upon the RAK-Guangdong agreement, covering sectors such as the digital economy, smart cities, tourism, and advanced manufacturing.
Hi Dubai
16-05-2025
- Business
- Hi Dubai
CICC Launches Dubai Branch to Strengthen China-Gulf Financial Ties
China International Capital Corporation (CICC), one of China's top investment banks, has officially opened its branch in Dubai International Financial Centre (DIFC), reinforcing growing financial ties between China and the Gulf region. Operating under the name CICC (DIFC Branch), the new office is licensed by the Dubai Financial Services Authority and will serve as a key platform for the firm's Middle East, Africa, and South Asia (MEASA) operations. It also marks a significant step in CICC's international expansion strategy. DIFC, home to several major Chinese financial institutions, serves as a strategic hub for cross-border capital flows. Nearly 30 percent of the Chinese firms operating in DIFC are Fortune 500 companies, highlighting the centre's appeal to global financial powerhouses. His Excellency Essa Kazim, Governor of DIFC, welcomed the move, noting that it strengthens the UAE-China partnership and underscores DIFC's commitment to fostering innovation and financial excellence. 'Dubai remains a top destination for Chinese investments, particularly as we align on AI and digital transformation goals,' he said. CICC Chairman Chen Liang described the new branch as a vital link in the firm's global network. 'We aim to support regional clients with tailored solutions and help Chinese enterprises seize strategic opportunities abroad,' he said, adding that the branch will play a key role in driving Belt and Road Initiative projects. With established offices in global financial centres like New York, London, and Singapore, CICC is positioning the Dubai branch as a two-way investment gateway, offering advisory, asset management, and capital market services that bridge China and the Gulf. News Source: Dubai Media Office
Gulf News
06-05-2025
- Business
- Gulf News
New daily flight revealed: Emirates to launch operations to one more Chinese city
Dubai: Emirates is boosting its operations in China by launching daily flights to the Eastern Chinese city of Hangzhou. Dubai's flagship carrier announced Tuesday that it will launch a daily non-stop service between Dubai and Hangzhou starting July 30, subject to government approval. The airline's latest expansion into Hangzhou makes the city its fifth gateway into the Chinese mainland after Beijing, Guangzhou, Shanghai, and Shenzhen. The new flights are timed to connect travellers to 38 destinations in Europe, 22 in Africa, 11 in the Middle East, Brazil, and Argentina, offering convenient two-way connections to key cities including Istanbul, Barcelona, Cairo and Johannesburg. Industry experts have long maintained that Chinese outbound travel has yet to recover to pre-pandemic levels fully. However, Emirates and other regional carriers have been keen to expand their operations in the Chinese market these past few years. Earlier this year, the carrier announced flights to Shenzen, making Emirates the first Middle East carrier to operate to this destination. Emirates SkyCargo reported strong demand for their China operations, transporting approximately 2,000 tons of cargo weekly from mainland China. The airline has said it operates at full capacity across all routes with strong cargo demand on freighter and passenger flights. From July 30, Emirates will operate 49 weekly flights to the Chinese mainland, including double daily services to Beijing and Shanghai, daily flights to Guangzhou and Shenzhen, and the new daily service to Hangzhou. In an earlier interview with Gulf News, Adnan Kazim, Emirates' Deputy President and Chief Commercial Officer, said travel demand to China has not seen a noticeable dip despite the ongoing trade war with the US. Global hub for innovation Kazim said, 'Launching a new Dubai-Hangzhou route marks a pivotal moment in our operations in the Chinese mainland and broader East Asia region.' 'As an emerging global hub for innovation, e-commerce and advanced manufacturing, Hangzhou will open doors to new opportunities for our passenger and cargo operations, further strengthening the vital economic and technological exchanges between the Middle East and China.' He added, "The fifth gateway in our Chinese mainland network will not only enhance connectivity for travellers but also offer businesses efficient access to and from key East Asian markets.' 'This expansion is part of our global growth strategy and positions Emirates as the preferred airline when linking the world to the Chinese mainland's thriving economic corridors and beyond.' The capital of Zhejiang Province, Hangzhou, is rapidly growing to become a global hub for innovation, e-commerce, and technological advancements. Home to Alibaba Group, the city is a driving force in China's digital economy, with cross-border e-commerce exports projected to exceed Dh70 billion (140 billion Chinese yuan) by 2026. UAE-China relations The airline's expansion into mainland China highlights the growing UAE-China relations and Emirates' support for the Belt and Road Initiative, the airline said. Positioned as a crucial link through Dubai, Emirates connects tech professionals and investors from Africa, the Middle East, and South America to Hangzhou, a hub of technology and innovation. Emirates SkyCargo plans to leverage the new Hangzhou route to enhance its cargo footprint across East Asia, meeting rising demand for reliable air freight solutions. The service will also reduce transit times, enabling faster, more efficient movement of high-value and time-sensitive goods, including electronics, e-commerce products, pharmaceuticals, and perishables, between the Chinese market and key regions, including Africa, Latin America, and the GCC.
