#China

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

Aramco in talks to acquire 10% stake in China’s Hengli Petchem

Aramco plans to bolster China investments with 10% stake in Hengli Petchem

The potential deal aligns with the energy firm’s strategy to expand its downstream presence in key high-value markets

China Southern inaugurates flights from Beijing to Riyadh

China Southern launches new flights connecting Beijing with Riyadh

The new routes reinforce Saudi Arabia’s commitment to boost the growth of the travel and aviation sectors

onion ban - India

India extends ban on onion exports indefinitely ahead of general election

Traders estimate that India accounts for more than half of all onion imports by Asian countries

Lubambe copper mine - IHCv - Vedanta

UAE conglomerate IHC looking to invest in Zambian copper deal

International investors in Africa are in a race to acquire long-term supplies for critical minerals

UN adopts first resolution on artificial intelligence

UN adopts first global artificial intelligence resolution

The nonbinding resolution, proposed by the US and co-sponsored by China and over 120 other nations, advocates the strengthening of privacy policies

IEA raises oil demand outlook again but still lags OPEC

IEA raises oil demand outlook again but still lags OPEC

Brent crude oil rose as much as 80 cents a barrel towards $85 after the IEA report was released, touching its highest since November

Saudi Aramco eyes more China investments

Aramco sees China demand growing, eyes more investments

The state-owned energy giant has been ramping up its China presence in a string of deals in refining and petrochemicals

Oil price advances as spreads signal market strength

Oil rises, markets await OPEC+ decision amid mixed demand drivers

A decision on extending the cuts is expected in the first week of March, with individual countries expected to announce their decisions

FAB targets Dhs300 million in revenue from China by 2026

Abu Dhabi’s FAB to triple revenue from China operations by 2026

The bank opened its fully licenced branch in mainland China in 2022 and grew its business there by 50 per cent in 2023

Global debt tops $313tn in 2023, says IIF

Global debt hits new record high at $313tn in 2023, says IIF

India, Argentina, China, Russia, Malaysia and South Africa registered the largest increases, signalling potential growing challenges in debt repayments

Oil hovers near 3-week high on Middle East tensions

Oil hovers near 3-week high on Middle East tensions, China demand

A bearish International Energy Agency report last week revised the 2024 oil demand growth forecast downward as the world shifts to cleaner energy

NWTN facility at KEZAD

Dubai-linked EV deal paused amid China Evergrande liquidation

China Evergrande New Energy Vehicle has suspended negotiations regarding a share subscription agreement with Dubai-based mobility firm NWTN

SABIC to build $6.4bn China petrochemical plant

Saudi Arabia’s SABIC gives go-ahead for $6.4bn China petrochemical plant

The complex is expected to be able to produce 1.8 million metric tons of ethylene per year and is designed to expand SABIC’s manufacturing presence in Asia

Chinese smartphone maker Xiaomi unveils first electric car

China’s Xiaomi unveils first electric car, plans to become top automaker

The SU7 will come in two versions – one with a driving range of up to 668 km on a single charge and another with a range of up to 800 km

Neodymium, on periodic table. Rare earth metal in lanthanide series, with atomic number 60 and element symbol Nd, from Greek neos didymos, meaning new twin. Used for lasers and high strength magnets.

China bans export of rare earths processing tech over national security

China has significantly tightened rules guiding exports of several metals this year, in an escalating battle with the West over control of critical minerals

India China

India’s economy follows China to reach rapid take off: Kemp

India is entering the central take-off portion of the S-curve when urbanisation, industrialisation, household incomes and energy consumption increase most rapidly

Sheikh Mohammed bin Zayed Al Nahyan, United Arab Emirate's president, left, and Sheikh Mansour bin Zayed Al Nahyan, United Arab Emirates' deputy prime minister, on the opening day of the COP28 climate conference at Expo City in Dubai, United Arab Emirates, on Thursday, Nov. 30, 2023. More than 70,000 politicians, diplomats, campaigners, financiers and business leaders will fly to Dubai to talk about arresting the world’s slide toward environmental catastrophe. Photographer: Hollie Adams/Bloomberg

COP28: Who are the big name attendees?

Representatives of 197 countries who are ‘parties’ to the United Nations Framework Convention on Climate Change (UNFCCC) will participate at COP28

Former US Secretary of State Henry Kissinger (1923-2023)

Henry Kissinger, former US Secretary of State, dies aged 100

Kissinger had a role in many of the epoch-changing global events of the 1970s while serving as national security adviser and secretary of state

JOE BIDEN - XI JINPING MEET

US-China San Francisco Summit: Markets react as Joe Biden, Xi Jinping meet yields few results

In China, stocks fell on Thursday, as investors were disappointed by the top level Sino-US meeting

QatarEnergy acquires 23% of offshore Egypt block from Chevron

Sinopec signs new 27-year LNG supply deal with QatarEnergy

The deal, signed at the China International Import Expo in Shanghai, is the third long-term supply deal between the two entities

Apple

Apple beats quarterly estimates as iPhone sales edge up

The tech company has navigated a global smartphone slump better than many of its rivals but faces an uneven economic recovery in China

economy

Global business cycle transition and its impact on global economy

The US and China showed signs of growing somewhat faster in the third quarter after a pronounced slowdown in the first half of 2023

Li Keqiang

China’s ex-Premier Li Keqiang dies at 68

Li was premier and head of China’s cabinet under Xi for a decade until stepping down from all positions earlier this year

Gulf Air to begin flights to China in 2024 (Image: Supplied by Gulf Air)

Gulf Air to begin flights to China in 2024

Bahrain’s national carrier will commence operations to the Asian country in January

UAE GCC CHINA TRADE CONFERENCE

UAE participates in first GCC-China economy and trade ministerial conference

The conference was aimed at enhancing dialogue between the GCC and Chinese business communities to lead to the creation of diverse business opportunities

AI chip

US tackles loopholes in curbs on AI chip exports to China: Report

The updated rules also are meant to cover AI chips as technology evolves

China grants Saudi Arabia Approved Destination Status

China grants Saudi Arabia Approved Destination Status

Saudi Arabia aims to attract three million Chinese travellers by 2030

India China

India or China: How to invest in the coming Asia boom?

Experts share why the two Asian economies hold immense potential for global investors

iPhone 15 Pro

China bans iPhone use by government employees, Apple stocks in freefall

China is Apple’s third-largest market and accounted for 18 per cent of its total revenue in 2022