A gift from the Chinese government to mark the World Cup, crowds of children and reporters watched as the four-year-old male and three-year-old female took their first steps in the Al Khor park.

Major global equities rose, with sentiment soothed after upbeat US earnings and Britain shredded its controversial budget. Analysts pointed to better-than-expected reports from Goldman Sachs and Johnson & Johnson as a positive driver for stocks. On Wall Street, the Dow Jones jumped two percent after a day of strong trading...

The Gulf countries rely heavily on assistance from Asia, particularly China, to modernise their economies and diversify away from oil.

China in June 2019 won the bid to host the event but pulled out in May because of its "zero-Covid" policy, leaving the AFC scrambling to find a new host for its flagship men's 24-team football tournament. The tournament had been due to be held in 10 Chinese cities from...

JV will help in strengthening VW's presence in China.

Stock markets and oil prices slumped as investors grow fearful that more big interest rate hikes will tip economies into deep recessions. The mood darkened also on the worsening Ukraine war and weaker demand expectations in China. Analysts said US consumer price index data released later this week will be...

The PBOC said the renewal would help deepen bilateral financial cooperation, facilitate trade and investment, and maintain the stability of the financial market.

The announcement on Friday marked the latest volley in a long-running standoff between the two superpowers that has seen them face off over a range of issues including technology, trade, Hong Kong, Taiwan and human rights.

The agreement was signed between the President of the Civil Aviation Authority of Saudi Arabia Abdulaziz bin Abdullah Al-Dialej and his counterpart the President of Civil Aviation of China.

Iran and United States have arrived at a deal to exchange prisoners and unfreeze Iranian funds abroad, according to media reports. The deal includes freedom for eight people held in the custody of two countries. The exchange will follow a UN statement last week that a former UNICEF official was...

The Gulf Cooperation Council (GCC) has renewed its commitment to continue having a strong partnership with China in order to serve common interests.

Abu Dhabi, UAE - The non-oil trade between the UAE and China increased by 78.5 percent from 2012 to 2021, totaling AED223.5 billion ($60.85 billion) by the end of 2021 compared to AED125.1 billion ($34 billion) in 2012. The Federal Competitiveness and Statistics Centre (FCSC) said during the reporting period,...

The kingdom recovered quickly from Covid-induced recession and is reaping the rewards of high global energy prices and increased energy production.

Beijing, China---Ali Obaid Al Dhaheri, UAE Ambassador to China, has said the UAE and China maintain close strategic relations, which are a "successful model" for international bilateral relations. Al Dhaheri, who  congratulated the leadership and people of China on the 73rd anniversary of the country's founding, said, "We commend the...

Vice President Kamala Harris traveled last week to Japan and South Korea and said the United States would act without fear or hesitation throughout Asia, including the Taiwan Strait.

The Energy Minister said the UAE encourages joint investments with China in every sector, most notably in digital economy, green economy and circular economy.

The two sides reviewed the growth of bilateral trade, and the volume of the commercial partnership.

The EU's executive proposed a new round of sanctions on Moscow over its latest "escalation" in Ukraine, including an oil price cap and ban on Russian exports worth $7 billion. It also plans to expand its travel blacklist and asset freezes to include high-ranking Russian officials and organizers of the...

Although China has not qualified for the World Cup, but it will still mark its presence in the event with the gifting of two giant pandas to Qatar. In this regard, the country's ambassador to Doha, Zhou Jian said that "Suhail" and "Soraya" would arrive in Qatar in October, ahead...

The iPhone supply chain is based mainly in China but the country's zero-Covid policies and tensions with the United States have hurt production, analysts say. The California-based firm already makes older iPhone models in India via Taiwanese manufacturers such as Foxconn, which has a factory in the southern state of Tamil...

More efforts are required to make the world reach net zero emissions by mid-century, according to the International Energy Agency's (IEA) latest appraisal of global progress on clean energy technologies.

The airline plans to buy 40 A320neo aircraft from Airbus.

China's growth forecast for 2022 was reduced to 3.3 percent from 5.0 percent, as Beijing pursues a zero-Covid strategy that has devastated the world's second-largest economy. Chinese officials are under pressure to curb even the smallest virus outbreaks swiftly, ahead of a key political meeting in October where President Xi...

Riyadh, Saudi Arabia - Saudi Arabia topped the list of oil suppliers to China for the first time in four months despite a rise in Beijing’s imports from Russia, Argaam said. Saudi’s oil exports rebounded last month to 8.475 million tons, or 1.99 million barrels per day (bpd). The Kingdom...

Stock markets mostly slumped Friday, while the British pound tanked to a 37-year dollar low as weak UK retail sales stoked global recession fears. Sterling slid to $1.1351, the lowest level since 1985, on news that British retail sales tumbled by far more than forecast in August as shoppers faced...

Xi and Erdogan met on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan. Turkey is a dialogue partner of the SCO, which was set up in 2001 and consists of China, India, Pakistan, Russia and several ex-Soviet states.

Showcasing its growing rift with the Western world, Vladimir Putin will meet China's Xi Jinping and other Asian leaders in a regional summit in Samarkand. The Shanghai Cooperation Organization was set up in 2001 as a political, economic and security organization to rival Western institutions.

The two-day event is the first face-to-face meeting between members of the new Indo-Pacific Economic Prosperity Framework (IPEF), an initiative launched in May by US President Joe Biden. With this new trade partnership, the Biden administration hopes to reinforce its presence in a region that felt cold-shouldered under former president...

Last month, China's exports expanded 7.1 percent year-on-year, down from 18 percent growth in July, China's General Administration of Customs said, while imports were up only 0.3 percent, compared with a 2.3 percent rise in July. Analysts surveyed by Bloomberg forecast export growth of 13 percent and a 1.1 percent...

The $2.7m loan was financed by "Rasmala" for a vessel.

The import of plastic products into Saudi Arabia has shot up 18 percent to 456,000 tons in the second quarter of the current year as against 386,000 tons during the same period of last year.

Paying heed to hundreds of requests from American companies, the US government confirms it will continue to enforce the tariffs on Chinese goods imposed by former president Donald Trump. President Biden had been considering whether to remove some of the tariffs, amid pressure to offer some relief to soaring US...

Saudi IT Minister, Eng. Abdullah bin Amer Al-Swaha, held meetings with his counterparts from the other countries at the Indonesian city of Bali.

The sale comes a month after House Speaker Nancy Pelosi defiantly visited the self-governing democracy, prompting mainland China to launch a show of force that could be a trial run for a future invasion. The package -- the largest for Taiwan approved under President Joe Biden's administration -- includes $665...

Inflation-fighting measures, such as hiking rates and removing stimulus, was the main driver behind the recent correction in commodities that are likely to weather headwinds from an economic slowdown with supply of key commodities being equally challenged, he adds.

The Purchasing Managers' Index (PMI), a key gauge of manufacturing activity in the world's second-biggest economy, came in at 49.4 in August, up from July's 49.0 but still below the 50-point mark separating growth from contraction, National Bureau of Statistics (NBS) data showed.

If the apex banks focus too much on core inflation, it will be a big mistake. Food and energy will be at the center of the crisis years with climate change and green transformation being inflationary in the years to come. Investors should increasingly invest in the tangible world to...

Central bankers are meeting in Jackson Hole in the US state of Wyoming, and all eyes are on Federal Reserve boss Jerome Powell's Friday speech for clues about plans to tame inflation. Market sentiment was also boosted by the Chinese government's Wednesday announcement of new policies to help sustain the...

The world's second-largest economy has been hit by record temperatures, flash floods and droughts this summer -- phenomena that scientists have warned are becoming more frequent and intense due to climate change. Southern China in particular has recorded its longest sustained period of high temperatures and sparse rain since records...

After decades of conflict, Iraq is in need of foreign investment, and specifically investment in energy sector infrastructure. China, with its soaring energy needs, has stepped in to fill that gap, and is expanding its presence in Iraq under a 2019 oil for construction deal.

Battered by the government’s zero-Covid policy and a slump in the property market, China’s central bank cut benchmark loan rates in order to boost economy. The one-year Loan Prime Rate was reduced from 3.7 percent to 3.65 percent, according to the People's Bank of China.

The recent drop in oil prices reflects global concern over an economic slowdown and “masks physical market fundamentals," says OPEC secretary general.

The US in retaliation will begin formal trade talks with Taiwan by the autumn to show support for the democracy, despite not holding official ties with the government in Taipei. Taiwan has displayed its most advanced fighter jet in a rare demonstration in the wake of China's drills.

Extreme weather has become more frequent owing to climate change, scientists say, and this will likely grow more intense as temperatures rise, impacting economies and societies around the world. Multiple major cities in China have recorded their hottest days ever this year, and the country's national observatory issued a red...

Oil prices slipped in Asian trade, with both main contracts down around two percent as the stuttering Chinese economic recovery added to concerns about demand.

The world's second-biggest economy saw a bounce in business activity as some coronavirus restrictions eased in June, but the boost is fading and Beijing remains welded to a zero-Covid policy of snap lockdowns and long quarantines, which has battered sentiment.

A new trade plan will be unveiled within days, while US forces will transit the Taiwan Strait in the next few weeks, said Kurt Campbell, White House coordinator for Asia-Pacific issues and an adviser to President Joe Biden. The statement came after Beijing raged at last week's trip by US...

The performance of the Gulf stock exchanges varied this week, affected by several factors and events, most notably the tension that rose between the US and China.

A furious Beijing kicked off its biggest-ever exercises around Taiwan in response to US House Speaker Nancy Pelosi's visit this week to the self-ruled island. Ministers from the 10-member Association of Southeast Asian Nations (ASEAN) meeting in Phnom Penh warned against "provocative action".

The drop in oil prices came despite a move by the OPEC+ oil cartel, led by Saudi Arabia and Russia, to undertake just a small increase in production. The OPEC+ decision to raise production by 100,000 barrels per day for September is likely to disappoint US President Joe Biden, who...