Search Site

Trends banner

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Palestinian president visits Beijing as China offers mediation in conflict with Israel

Palestinian President Mahmoud Abbas will stay until Friday, Beijing has said, on his fifth official visit to the world's second-largest economy. (AFP)
  • Official Palestinian news agency reported that Abbas will meet with President Xi Jinping and Premier Li Qiang during the trip
  • The two are expected to "exchange opinions... on the latest developments on the Palestinian arena," Wafa reported

Beijing, China – Palestinian leader Mahmud Abbas arrived in Beijing on Tuesday, state media reported, with China expressing readiness to help facilitate Israeli-Palestinian peace talks.

Abbas will stay until Friday, Beijing has said, on his fifth official visit to the world’s second-largest economy.

Official Palestinian news agency Wafa reported that Abbas will meet with President Xi Jinping during the trip.

The two are expected to “exchange opinions… on the latest developments on the Palestinian arena as well as on regional and international issues of mutual concern”, Wafa reported.

Abbas will also meet with Premier Li Qiang, the news agency added.

The longtime Palestinian leader is an “old and good friend of the Chinese people”, foreign ministry spokesman Wang Wenbin said last week.

“China has always firmly supported the just cause of the Palestinian people to restore their legitimate national rights,” he added.

Beijing has sought to boost its ties to the Middle East, challenging long-standing US influence there — efforts that have sparked unease in Washington.

President Xi last December visited Saudi Arabia on an Arab outreach trip that also saw him meet with Abbas and pledge to “work for an early, just and durable solution to the Palestinian issue”.

And during a trip to Riyadh last week, Secretary of State Antony Blinken said Saudi Arabia was not being forced to choose between Washington and Beijing, striking a conciliatory tone following tensions with the long-time ally.

In an interview with Chinese state news agency Xinhua published this week, Palestinian official Abbas Zaki said China and the Palestinians were “friends closer than brothers”.

“I am very pleased to see that China has been more involved in Middle East affairs after the China-Arab States Summit last year,” he added.