Dubai, UAE - Iran’s pivot to Russia and China has been driven by various factors, most notably the United States' withdrawal from the 2015 Joint Comprehensive Plan of Action (JCPOA) on May 8, 2018, says a study published by Middle East Institute.  Quoting Iran’s foreign ministry statement "the world is...

WASHINGTON, US- The United States placed sanctions on Tuesday on several Chinese and Hong Kong firms it said were supplying Iran's ballistic missile program. The US Treasury said the Chinese companies shipped centrifuges for producing fuels, non-ferrous metals with potential military use, electronics and gyroscopes to already-sanctioned Iranian government bodies and...

"We consider today an important day in the relations of the Islamic Republic of Iran and the Kingdom of Saudi Arabia," Iranian Deputy Foreign Minister Alireza Bigdeli told a flag-raising ceremony. "The cooperation between the countries is entering a new era."

The United States and India agreed a roadmap for military industrial cooperation, as New Delhi seeks to reduce its reliance on key arms supplier Russia. "We established an ambitious new roadmap for defense industrial cooperation, which will fast track high priority co-development and co-production projects," US Secretary of Defense Lloyd...

Iranian Navy Commander Rear Admiral Shahram Irani has declared the formation of a new naval coalition. This alliance, encompassing regional powers like Saudi Arabia, UAE, Qatar, Bahrain, and Iraq, aims to enhance maritime security and underlines the increasing recognition of the need for regional synergy in establishing security.

PARIS, FRANCE - Renewable power capacity is expected to jump by a third this year globally as growing policy momentum, higher fossil fuel prices and energy security concerns drive expansion of solar and wind power, the International Energy Agency (IEA) said. The growth is set to continue next year with...

Dubai, UAE - Middle Eastern airlines carriers posted a 38 percent increase in traffic in April compared to the same month in 2022, demonstrating a positive recovery trend in the aviation industry,  according to the latest report from the International Air Transport Association (IATA).  With a capacity increase of 27.8...

Strict steps are being taken to prevent scalping, with spectators required to provide identification information and show ID cards or passports to enter the stadium. But merchants on China's Taobao shopping platform immediately began offering booking services for the tickets, with one seller charging 18,000 yuan for what they claimed...

Shenzhou-16 is the first mission to Tiangong since it entered its "application and development" stage, authorities said. Shenzhou-16 will carry out a number of experiments during the mission, including in "high-precision space time-frequency systems", general relativity, and into the origin of life, CMSA spokesperson Lin Xiqiang told reporters on Monday.

Beijing hopes the C919 commercial jetliner will challenge foreign models like the Boeing 737 MAX and the Airbus A320, though many of its parts are sourced from abroad. Its first homegrown jetliner with mass commercial potential would also cut the country's reliance on foreign technology as ties with the West...

Sharjah, UAE--More than 130 auto and tyre companies from China will take part in the second edition of the "UAE China Tyre & Auto Parts Expo" scheduled to begin next week at the Expo Centre Sharjah. The three-day event, which will begin on 29th May, is a joint endeavour supported...

RAS AL KHAIMAH, UAE - A top-level delegation from Ras Al Khaimah Economic Zone (RAKEZ) recently concluded its trip to China where it  engaged with numerous business owners across five major cities on the benefits on investing in the emirate. The RAKEZ team interacted with prominent Chinese business owners from...

Jet makers, airline executives and hotel tycoons at this week's Qatar Economic Forum spoke of an apparently insatiable demand for travel. Chinese tourists, now unshackled from Covid-19 restrictions, will complete the boom, they said. The northern hemisphere summer travel season is expected to send airline traffic back to levels last...

"The transfer of nuclear munitions has begun," Lukashenko told reporters during a visit to Moscow to meet with President Vladimir Putin. In Washington, White House Press Secretary Karine Jean-Pierre called Russia's move "yet another example of making irresponsible and provocative choices".

The International Energy Agency (IEA) said that while the increasing investment in solar power is a welcome development. but investment in fossil fuels is rising when it should be falling fast to achieve net zero emissions by 2050. Investment in clean energy and fossil fuels was equal only five years...

Oman has close ties with Iran and played a mediating role between Tehran and Washington in the build-up to a nuclear deal reached in 2015. Stop-start talks began in April last year to restore the deal, after the US unilaterally withdrew from it in 2018, prompting Tehran to roll back...

The victim, surnamed Guo, received a video call last month from a person who looked and sounded like a close friend. But the caller was actually a con artist "using smart AI technology to change their face" and voice, according to an article published Monday by a media portal associated...

The two countries have in recent years ramped up economic cooperation and diplomatic contacts, with their strategic partnership having only grown closer since the invasion of Ukraine. Last year China became the top energy customer for Russia, whose gas exports had otherwise plummeted after a flurry of Western sanctions over...

Beirut, Lebanon -- Syrian President Bashar al-Assad has returned to the Arab fold after more than a decade of isolation, eyeing reconstruction and aid from formers foes as the conflict grinds on. Since the brutal civil war broke out in 2011, it has killed more than 500,000 people, displaced millions and...

President Joe Biden may be on the other side of the world but his political fight back home over the debt ceiling has followed him. Bruce Reed is the White House deputy chief of staff and he has trailed president, "updating POTUS on the status of the talks", as a...

Abu Dhabi, UAE-- Seeking to deepen the UAE's economic and trade relationship with China, First Abu Dhabi Bank hosted more than 60 Chinese entrepreneurs, executives, and government officials on Friday. The bank showcased the UAE's potential as an investment gateway for Chinese companies by hosting a China-Arab Entrepreneurs' Summit in...

The summit in Saudi Arabia comes at a time when the world's biggest oil exporter is flexing its diplomatic muscle across the Middle East and beyond. It follows a frenetic stretch of high-stakes diplomacy triggered by the kingdom's surprise Chinese-brokered rapprochement deal with Iran announced in March.

A pragmatic framework for cooperation has been established between the two entities, fostering an ongoing exchange of views on mutual energy issues at all levels, he adds while speaking at the Sixth High-level Meeting of the OPEC-China Energy Dialogue.

Japanese PM Fumio Kishida is hosting leaders from six other wealthy democracies in his hometown -- a city synonymous with nuclear destruction and now peppered with peace monuments. Leaders including US President Joe Biden will try over three days to forge a united front on Russia and China, where the...

Riyadh, Saudi Arabia -- Saudi Arabia's National Center for Privatization (NCP) has signed a cooperation agreement with the Industrial and Commercial Bank of China (ICBC), the world's largest bank with total assets of approximately $5 trillion, that will have a positive impact in attracting the bank's extensive client base looking...

Jianuo is a leading provider of specialty premium components.

PARIS, FRANCE -  Russia's oil exports rose in April to the highest level since its invasion of Ukraine, boosting revenues by US$1.7 billion despite Western sanctions, the International Energy Agency said on Tuesday. The Paris-based organization said Russian exports increased by 50,000 barrels per day to 8.3 million bpd last month, estimating...

Beijing, China - China has set a growth target of approximately 5 percent for the Gross Domestic Product (GDP) as announced in the 2023 Government Work Report (GWR). The report outlines the country's comprehensive economic and development tasks for the upcoming year, providing insights into the country's strategies to achieve...

Geneva, Switzerland - The 14th World Economic Forum (WEF) Annual Meeting of the New Champions is scheduled to take place between 27-29 June in Tianjin, China. The WEF meeting is happening when the global economy is going through the process of transformation. COVID-19 pandemic as well as fast-changing, macro-economic landscape...

BRUSSELS, BELGIUM -  The EU imported US$524 billion (€482 billion) worth of high-tech products from extra-EU countries in 2022 (+22 percent compared with 2021), according to an estimate published by Eurostat, the statistical office of the European Union . Exports to these countries reached US$485 billion (€446 billion) (+16 percent...

China aims to play a more central role in the Gulf region, focusing on investment opportunities beyond the oil and energy relationship.

The company sold 3.16 million vehicles for the year to march 2023.

CUACOS, SPAIN -  UN Secretary-General Antonio Guterres said peace negotiations to end the conflict in Ukraine were "not possible at this moment," in an interview published by Spanish daily El Pais on Tuesday. His statement came as the leaders of Russia and Ukraine called for victory during events commemorating the end...

Microsoft-owned LinkedIn was one of the few US technology companies to successfully operate a social media site in China, where the internet is heavily regulated and censored. The US firm once achieved a rapid rise in the country, benefiting from a culture of connections, or "guanxi", in which one's contacts...

China said it had filed an official protest over breaches of international law and diplomatic norms, and accused Canada of "deliberately undermining relations". Relations between the two countries have soured since since the arrest of a top Huawei executive in 2018 in Canada and the detention of two Canadian nationals...

A majority of the people who voted in a TRENDS poll see the China-brokered deal between the two countries as a positive development.

Tehran, Iran – Iran’s trade with BRICS member states reached 47.99 million tons worth $38.43 billion in fiscal 2022-23. In fiscal 2022–23, Iran's trade with the BRICS nations—Brazil, Russia, India, China, and South Africa—amounted to 47.99 million tonnes worth $38.43 billion, up 14 percent in value and 0.81 percent in...

The summit in the city of Xi'an is the first of its kind, according to Chinese state media, and will focus on strengthening economic and diplomatic ties with Beijing. China, the world's second-largest energy consumer, has invested billions of dollars to tap natural gas reserves in Central Asia.

Leaders in the United States and Europe sent congratulations to Britain's King Charles III and Queen Camilla on their coronation on Saturday, while China called for "cooperation" and "peace". Charles III was crowned monarch of the United Kingdom and 14 Commonwealth realms on Saturday at Britain's first coronation for 70...

Its operating profit came in at 60m euros.

The firm says sales declined in Europe and China.

The network's social media accounts -- which ranged from Facebook to YouTube, Telegram and Twitter -- pushed content focusing on incendiary political issues in Europe and the United States, according to Meta. While Meta had taken down some of the accounts, much of the networks' content remains online.

Sales revenue rose 22% from January to March.

Doha, Qatar -- Qatar's private sector exports hit QR 9.1 billion ($2.49 billion) in the first quarter of 2023, representing a 17.5 percent growth year-on-year (YoY) compared to QR 7.73 billion in Q1 of 2022.According to Qatar Chamber's quarterly report issued Tuesday, exports through the General Model amounted to QR...

Abu Dhabi, UAE - Etihad Cargo added a fourth gateway destination to its Chinese network with the introduction of weekly flights to Wuhan Tianhe International Airport in the Hubei province of China. The inaugural flight arrived in the Hubei Province on 29th April. The airline currently offers five passenger flights...

Its economy grew 4.5 percent in the first three months of the year as the country reopened after dropping strict health controls that helped keep the coronavirus in check but battered businesses and supply chains. The country is beset by a series of other crises, from a debt-laden property sector...

Washington, United States--The US called on China Saturday to stop its "provocative and unsafe conduct" in the disputed South China Sea, after a Chinese coast guard ship recently cut off a Philippine patrol vessel there, causing a near-collision. State Department spokesman Matthew Miller, in a statement two days before President Joe...

On Wednesday, after a harrowing overland journey and overnight boat trip across the Red Sea, Sudan evacuees who have fled to Saudi Arabia, grateful to have survived but wracked with guilt and worry for those the left behind. The fighting in Sudan pits forces loyal to army chief Abdel Fattah...

The International Energy Agency (IEA) said the rapid electrification of road transportation will have big implications for the energy industry as it will eliminate the need for five million barrels of oil per day by the end of the decade. World oil consumption averages just over 100 million barrels per day.

Dubai, UAE -- Dubai Multi Commodities Centre hosted a China Business Day at Almas Tower, which drew more than 200 Dubai-based Chinese business leaders. DMCC said in a statement that the event celebrated the flourishing commercial ties between the UAE and China, with DMCC providing dedicated support to Chinese businesses...