#China
Saudi exports to China had tumbled in June, to 1.12 million barrels per day, the lowest since March 2020
Recent data showed that oil production and demand for major products rose to a four-month high in April, supporting prices
The summit is due to kick off on June 13 with a discussion about Africa, climate change, and development
July exports are expected to be down from about 39 million barrels in June, possibly the lowest levels for the year, say reports
The additional Turkish tariff will be set at a minimum of $7,000 per vehicle, with effect from July 7
The contract is for the procurement and construction of the third phase of the master gas system in Saudi Arabia
The initiative was unveiled in 2021 to pilot cross-border payments in digital currencies issued by central banks
The commercial venture will be implemented in early 2025 when the two carriers secure governmental approvals
The potential deal would make the fund the third-biggest shareholder in ChinaAMC, which manages more than $248m (RMB1.8tn) in assets
The UAE’s active participation in China’s BRI includes substantial investments and infrastructure development, reinforcing its role as a critical logistics hub
Sheikh Mohamed highlighted the importance of the China-Arab States Cooperation Forum in a time when global solidarity is crucial to facing shared challenges
The discussions are expected to address the Israel-Gaza conflict, the Palestinian issue, and a potential free trade agreement between China and Gulf states
The visit comes amid growing trade ties between the UAE and China
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
The visit will focus on strengthening bilateral relations and exploring further opportunities for cooperation, particularly in the economic, developmental, and cultural sectors
COMAC’s planes fly almost exclusively within China and with one Indonesian airline, but the planemaker is looking to expand elsewhere
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
The potential deal aligns with the energy firm’s strategy to expand its downstream presence in key high-value markets
The new routes reinforce Saudi Arabia’s commitment to boost the growth of the travel and aviation sectors
Traders estimate that India accounts for more than half of all onion imports by Asian countries
International investors in Africa are in a race to acquire long-term supplies for critical minerals
The nonbinding resolution, proposed by the US and co-sponsored by China and over 120 other nations, advocates the strengthening of privacy policies
Brent crude oil rose as much as 80 cents a barrel towards $85 after the IEA report was released, touching its highest since November
The state-owned energy giant has been ramping up its China presence in a string of deals in refining and petrochemicals
A decision on extending the cuts is expected in the first week of March, with individual countries expected to announce their decisions
The bank opened its fully licenced branch in mainland China in 2022 and grew its business there by 50 per cent in 2023
India, Argentina, China, Russia, Malaysia and South Africa registered the largest increases, signalling potential growing challenges in debt repayments
A bearish International Energy Agency report last week revised the 2024 oil demand growth forecast downward as the world shifts to cleaner energy
China Evergrande New Energy Vehicle has suspended negotiations regarding a share subscription agreement with Dubai-based mobility firm NWTN
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