#China

China’s Ministry of Finance lists $2bn bonds on Nasdaq Dubai

China’s Ministry of Finance lists $2bn bonds on Nasdaq Dubai

Chinese entities have a notable presence on the exchange, with over $22bn in debt listed to date

Raki Phillips on how RAKTDA is partnering with Huawei to boost tourism

Raki Phillips on how RAKTDA is partnering with Huawei to boost tourism

The CEO says Huawei provided invaluable support in crafting the right messaging, focusing on what would resonate most with Chinese tourists

Shift to electric vehicles will have far-reaching impact, IMF says

Shift to EVs will have far-reaching impact, IMF says

The move toward EVs has accelerated in recent years and is seen as a key way to help countries achieve climate goals

The future is here: OMODA & JAECOO’s user summit showcases high-tech cars, robots

The future is here: OMODA & JAECOO user summit showcases high-tech cars, robots

The summit saw the official global launches of OMODA & JAECOO’s latest models, OMODA C7 and JAECOO J5, in the presence of over 2,000 attendees

Aramco CEO ‘fairly bullish’ on China oil demand after stimulus roll-out

Aramco CEO ‘fairly bullish’ on China oil demand after stimulus roll-out

Saudi Arabia is the number two oil exporter to China behind Russia and holds stakes in some Chinese refiners

Saudi Arabia ditches $100 crude target to win back market share

Oil prices are down nearly 5 per cent so far this year, amid increasing supply from other producers, especially the US

Saudi Arabia debuts ETF tracking Hong Kong stocks

Saudi Arabia approves first ETFs tracking Hong Kong-listed equities

Saudi Arabia’s markets regulator approved AlBilad Investment Company’s request to offer “Albilad CSOP MSCI Hong Kong China Equity ETF

OPEC+ agrees to delay October oil output hike for two months

OPEC+ agrees to delay October oil output hike for two months

The remaining OPEC+ cuts of 3.66 million bpd, agreed in earlier steps, are staying in place until the end of 2025

oil

Oil prices ease on China demand fears, focus on Middle East talks

That has stoked worries among traders about a slump in demand from China, where refineries sharply cut crude processing rates last month on tepid fuel demand

OPEC cuts 2024 oil demand forecast, citing China

OPEC cuts 2024 oil demand growth forecast, citing China

The organisation said oil demand will rise by 2.11 million barrels per day (bpd) in 2024, down from growth of 2.25 million

Gold

Gold’s run to record high may crimp demand: Insight

The combination of bearish and bullish factors for gold may end up having the effect of keeping the price in a relatively narrow range for the rest of the year

RENEWABLE ENERGY

China’s Sungrow inks deal with Saudi’s Algihaz for energy storage project

The project, expected to be delivered this year, will improve the stability and reliability of Saudi Arabia’s power grid.

China

China willing to strengthen trade with Saudi, commerce minister says

Yasir Al Rumayyan met with high-level officials in China including the minister of commerce and Beijing’s mayor

Aramco - oil supply to China

Saudi crude oil supply to China to rebound in August, regain market share

Saudi exports to China had tumbled in June, to 1.12 million barrels per day, the lowest since March 2020

OPEC projection for 2024 energy demand - oil

Oil prices climb on summer demand outlook

Recent data showed that oil production and demand for major products rose to a four-month high in April, supporting prices

G7 ITALY

What’s on the G7 agenda?

The summit is due to kick off on June 13 with a discussion about Africa, climate change, and development

Brent oil price forecast Bloomberg GettyImages-1384536093

Saudi crude oil exports to China to fall for 3rd straight month in July: Reports

July exports are expected to be down from about 39 million barrels in June, possibly the lowest levels for the year, say reports

Turkey imposes 40% tariff on vehicle imports from China

Turkey imposes 40% tariff on vehicle imports from China

The additional Turkish tariff will be set at a minimum of $7,000 per vehicle, with effect from July 7

Sinopec reportedly secures $1.1bn contract to construct gas pipelines for Aramco

Sinopec reportedly secures $1.1bn contract to construct gas pipelines for Aramco

The contract is for the procurement and construction of the third phase of the master gas system in Saudi Arabia

Saudi Arabia joins China and UAE in mBridge project

Saudi Arabia joins central bank digital currency project mBridge

The initiative was unveiled in 2021 to pilot cross-border payments in digital currencies issued by central banks

Etihad, Tawazun, GE partner to advance flight safety

Abu Dhabi’s Etihad, China Eastern form joint venture to boost growth

The commercial venture will be implemented in early 2025 when the two carriers secure governmental approvals

Qatar’s QIA to buy 10% stake in China asset manager

Qatar sovereign fund agrees to buy 10% stake in China asset manager

The potential deal would make the fund the third-biggest shareholder in ChinaAMC, which manages more than $248m (RMB1.8tn) in assets

UAE-CHINA-SUMMIT-1

UAE, China sign strategic agreements to enhance trade and boost Belt and Road Initiative

The UAE’s active participation in China’s BRI includes substantial investments and infrastructure development, reinforcing its role as a critical logistics hub

UAE CHINA

UAE President Sheikh Mohamed speaks at China-Arab Forum

Sheikh Mohamed highlighted the importance of the China-Arab States Cooperation Forum in a time when global solidarity is crucial to facing shared challenges

EGYPT CHINA TALKS

Egypt, Bahrain, Tunisia leaders head to China

The discussions are expected to address the Israel-Gaza conflict, the Palestinian issue, and a potential free trade agreement between China and Gulf states

UAE-CHINA

UAE President Sheikh Mohamed lands in Beijing for state visit

The visit comes amid growing trade ties between the UAE and China

President Sheikh Mohamed in South Korea

UAE President Sheikh Mohamed arrives in South Korea on first leg of Asia visit

During the state visit, the UAE president is expected to meet key business leaders, including Samsung Electronics Chairman Lee Jae-yong, and Hyundai Motor Group’s Euisun Chung among others

UAE-President-Sheikh-Mohamed-bin-Zayed-Al-Nahyan issues new law covering prison management in Abu Dhabi photo courtesy WAM

UAE President Sheikh Mohamed to embark on China state-visit

The visit will focus on strengthening bilateral relations and exploring further opportunities for cooperation, particularly in the economic, developmental, and cultural sectors

Chinese planemaker COMAC eyes Saudi Arabian market

COMAC’s planes fly almost exclusively within China and with one Indonesian airline, but the planemaker is looking to expand elsewhere

Oil August 1

Saudi crude oil supply to China ‘to fall’ by almost 6 million barrels

The volume of Saudi crude to be loaded for China is estimated to fall by 5.8 million barrels in June from 45 million barrels in May