Washington, United States -- US Treasury Secretary Scott Bessent on Sunday signaled a tentative deal with China to de-escalate their damaging, tariff-fueled trade war -- just days before a summit between Presidents Donald Trump and Xi Jinping. In an interview with ABC's "This Week," Bessent said the US threat of...
Astronauts complete first spacewalk at China’s new Tiangong station
Chinese astronauts successfully performed the country's first tandem spacewalk on Sunday, working for seven hours on the outside of the new Tiangong station in orbit around Earth. Tiangong's construction is a major step in China's ambitious space programme, which has seen the nation land a rover on Mars and send...
China’s 70-year effort makes it malaria-free
China becomes the 40th territory certified malaria-free by WHO For four consecutive years, no case was reported GENEVA: China was certified as malaria-free on Wednesday by the World Health Organization, following a 70-year effort to eradicate the mosquito-borne disease. The country reported 30 million cases of the infectious disease annually...
Chinese insurer opens first Middle East office in Dubai
Office located at Dubai International Financial Centre SINOSURE is a state-funded insurance company established to promote China’s foreign economic and trade development China Export and Credit Insurance Corporation (SINOSURE) has become the first Chinese insurer to open its office at Dubai International Financial Centre (DIFC). SINOSURE is a state-funded and...
Those spreading rumours against Covid-19 vaccine will be punished: Oman health minister
He said most people who died of Covid-19 in the country in April were not vaccinated Oman has seen more than 257,000 Covid-19 infections, 2,848 deaths Oman’s Health Minister Ahmed Mohammed al-Saeedi told the country’s Supreme Committee on Thursday, June 24, that those who spread rumours against the Covid-19 vaccine...
UAE 15th largest FDI recipient in 2020
The emirates climbed seven places in global rankings from 2019 to 2020 The country also maintained its place as the 13th biggest for FDI outflows, investing $19 billion The UAE was the world’s 15th biggest recipient of foreign direct investment (FDI) in 2020, receiving $20 billion, up from...
Egypt to have electric cars on its roads by next year
Thirteen imported electric vehicles will be tested on Egyptian streets from next month The plan is in line with the global trend to have more less-polluting electric cars Taking a cue from the global trend towards manufacturing electric cars in bulk, Egypt will begin testing electric cars on the country’s...
Saudi-Chinese Business Council prepares a study to attract Chinese investments to Saudi Arabia
The Saudi-Chinese Business Council has showed the Chinese side Saudi Arabia’s plan to attract more Chinese investments into the country The council highlighted the Saudi “legislative reforms that are expected to increase investments between the two sides” The Saudi-Chinese Business Council in Riyadh on Tuesday, June 15,...
Q1 2021 China-Dubai trade grows to $12 billion
In 2020, the value of trade with China fell by 5.3 percent to Dh142 billion The UAE is also home to thousands of Chinese companies China has maintained its position as Dubai’s largest trading partner in the first quarter of 2021 with Dh44 billion ($12 billion) worth of trade, representing...
China in talks with Abu Dhabi National Energy to buy 10% stake
The negotiations are ongoing and there is no certainty about reaching an agreement Based on its current share price, the stake could cost China $4.2 billion China Southern Power Grid Co. is on the verge of acquiring about 10 percent of Abu Dhabi National Energy Co. (TAQA), according to Bloomberg....
Oil prices slip again as jitters persist over demand
The drop was helped by reports that Chinese oil-imports stood at a five-month low China's crude imports were down 14.6 percent in May, from a high level a year earlier Oil prices fell on Tuesday as concerns about the fragile state of the global recovery in...
RTA eyes futuristic suspended transport network in Dubai
The use of this type of transport in Dubai is aimed at accelerating the mobility of people, ease congestion
Dubai FDI presents the Dubai advantage to investors across 6 countries
Dubai FDI sought investment from China, India, Australia, Spain, Italy and the US through webinars Investors invested to explore opportunities in sectors such as food & agribusiness, technology and healthcare Dubai FDI invited the investors to seek opportunities in sectors such as food & agribusiness, technology, and healthcare The Dubai...
UAE, China to cooperate in knowledge sectors
Two nations will cooperate to spur innovation through leveraging advanced technologies and 4th Industrial Revolution solutions Building an ecosystem that stimulates innovation is no longer optional, Sultan Al Jaber said The UAE and China will expand their collaborations into knowledge-intensive sectors and jointly work to spur innovation through leveraging advanced...
Abu-Ghazaleh enters the global market in 3 continents
TAGITOP-UNI C, an educational device, is manufactured in China The device comes with an Intel N4100 - 4M processor and it accomplishes various tasks faster Talal Abu-Ghazaleh for Technology (TAGTech), a member of Talal Abu-Ghazaleh Global (TAG.Global), specialized in manufacturing technological devices, has entered the markets of three continents:...
