Dubai Chambers President sees China partnerships expanding to emerging sectors

The cooperation between China and Dubai is expected to grow beyond traditional sectors like logistics and real estate into emerging areas such as the digital economy and green technology, according to Mohammad Ali Rashed Lootah, President and CEO of the Dubai Chamber of Commerce.

Lootah highlighted promising prospects for expanding collaboration between Chinese and Dubai businesses across various industries in a recent interview with China Global Television Network (CGTN).

He emphasized that while cooperation in established sectors will continue, significant growth is likely to come from fields that promote sustainable practices and lead global innovation.

"The major sectors that were very interesting for Chinese investors, such as the trading and the logistics and warehousing and real estate will continue as interesting sectors. But I think the major significant change will come from the emerging sectors, such as the digital economy sectors, and the green technology and green financing. When it comes to digital economy, it will cut across all of the spectrum from the artificial intelligence (AI), the Web 3.0, the fintech, the health tech and across all," he added.

The chamber executive also underscored the broader implications of sustainable growth, noting that it goes beyond environmental efforts to improving business efficiency and productivity through better technology, talent development and international partnerships.

"When it comes to the sustainable economy or the sustainable growth sectors, it is not only limited to sustainable projects when it comes to the environmental, but even going to green tech and the green Sukuk and bonds, cutting across the whole ecosystem," said Mohammad, referring to a form of sharia-compliant investment that is intended to contribute to biodiversity or the fight against climate change.

"We believe that the sustainable economy is no longer limited to just doing the good for the environment. It's unlocking opportunities for growth when it comes to businesses, and how can we really increase the efficiency and productivity of our systems by utilizing better technology, by upskilling the talent that we have, by having better integration with international partners, such as China," he continued.

China has become Dubai's largest trading partner, with non-oil trade between the two reaching 67.8 billion U.S. dollars in 2023. Over the past decade, cumulative non-oil bilateral trade between China and Dubai has totaled approximately 490 billion U.S. dollars.

Dubai Chambers President sees China partnerships expanding to emerging sectors

The third part of China Media Group (CMG)'s Mid-Autumn Festival gala aired on Tuesday night blends traditional Chinese culture with international artistry in a diverse lineup, bringing the audience an unforgettable night of music performance and poetry recitation.

The annual gala broadcast, also known as "Qiuwan" in Chinese, was recorded in Shenyang City of northeast China's Liaoning Province, a 2,300-year-old city boasting three world cultural heritage sites and over 1,500 historical and cultural sites. The city is also one of the most well-known industrial cities in China.

Themed "Moon Bright", the third part of the grand gala features an array of classic songs, reunion-themed narratives, and touching performances. Highlights include a music adaptation of the famous Chinese poem Qing Ping Diao by Tang Dynasty Poet Li Bai (701-762), which captures the essence of ancient Chinese beauty and expression; and a middle-school chorus from the Macao Special Administrative Region, singing about their love for the country and hopes for a brighter future.

The third segment of the show also features celebrated French musician Richard Clayderman, who enchants the audience with his timeless A Comme Amour a breathtaking rendition of The Butterfly Lovers concerto. The concerto, inspired by the tragic love story of Liang Shanbo and Zhu Yingtai, is a modern classic that intertwines Chinese folklore with romantic Western composition techniques.

The Mid-Autumn Festival is a traditional Chinese festival celebrated on the night when the moon reaches its fullest and brightest on the 15th day of the eighth month on the lunar calendar. This year, the day fell on Tuesday (Sept 17). During the festival, families reunite, admire the moon, share the traditional festive pastry of mooncakes and light up lanterns.

Part 3 of CMG Mid-Autumn Festival Gala showcases diverse lineup of performances