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FINANCIAL NEWS
Dubai, China ink 11 deals
07 Nov 2016
(MENAFN) Dubai and China are in talks for signing 11 agreements; therefore Dubai wants to de more than just encourage Chinese investments to have huge presence in emirate.
China communications Construction Co. limited opened an office in Dubai in 1985, which has projects worth of USD100mn in Dubai out of USD3bn worth of projects in the area.
Last year, Dubai hosted 450.000 Chinese tourists with an increase of 29 percent of 2014, while Emirates airline has more than 100 flights a week to many Chinese cities.
China was Dubai’s top trade partner in 2015 with almost USD47bn of non-oil trade, which is almost double the trade volume of 2010.
More News
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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