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Real-time News
August 15th - According to Iranian media Fars News, Iran and Tajikistan reached an agreement on long-term energy cooperation in the latest round of oil negotiations. The agreement mainly includes two aspects: Iran exporting petroleum products to Tajikistan, and supplying crude oil to Tajik refineries.The UAE Ministry of Foreign Affairs stated that the UAE emphasizes the need to ensure Irans full commitment to cease all hostile actions and to reopen the Strait of Hormuz completely and unconditionally.The UAE Ministry of Foreign Affairs stated that Irans attacks pose a direct threat to regional and public stability, as well as global energy security.The UAE Ministry of Foreign Affairs stated that the Iranian Revolutionary Guard Corps use of commercial navigation as a tool for pressure or economic extortion constitutes piracy in the Strait of Hormuz.On August 15th, regarding the issue of non-Shanghai residents purchasing homes for replacement purposes, a staff member at the Shanghai Real Estate Transaction Center hotline stated that no new policies have been introduced. According to the hotline staff, non-Shanghai resident families who sell their only property can exchange it for one more home within the city, provided the ownership remains the same before and after. No social security or individual income tax certificates are required. This policy has been in effect since May 28, 2024. For non-Shanghai resident families or single adults selling some of their properties (i.e., owning two or more properties), when purchasing a new home, the number and location of the new home must match the previously sold property—if a property is sold outside the outer ring road, it can only be purchased outside the outer ring road; if a property is sold within the outer ring road, it can only be purchased within the outer ring road. No social security or individual income tax certificates are required. This policy has been in effect since February 26, 2026. Regarding home purchases and exchanges by foreign individuals, hotline staff stated that foreign individuals who sell all their properties in Shanghai can exchange them for and purchase one additional home in the city without submitting a foreigners residence permit (work category), a Shanghai employment contract valid for at least one consecutive year prior to the date of purchase, or proof of social security and individual income tax payments valid for at least one consecutive year prior to the date of purchase. However, they still need to sign a commitment letter for self-occupancy of the property. This policy will take effect on July 29, 2026.
