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Another Chinese company, China National Petroleum, grabbed the fourth spot with revenue of 2.98 billion in 2018, followed by State Grid with 7.06 billion.

Anta introduced high-speed production lines last year, which saw its daily shoe manufacturing capacity rise to 3,000 pairs.

Anwar Abu Sbaitan, senior executive officer of Kuwait-based asset management firm Kamco, said that the UAE and Saudi Arabia represent 75 percent of the GDP in the GCC countries, hence foreign banks have to run a presence here to bank on the region's prospects.

Another Chinese telecommunication company ZTE has signed about 35 5G commercial deals, according to statistics released in November.

Another new policy this year allowed graduates from 23 selected UK universities to apply for a six months post-study work visa. The ability to gain valuable work experience in the UK is very attractive for Chinese students, and adds value to their CV even if they return to China to work in the longer term.