Oil prices plunge on China lockdowns, stocks diverge
Oil prices plunged on Tuesday as China, a major energy consumer, placed nearly 30 million people under COVID lockdown, and Hong Kong and Chinese mainland stock markets dove, while Wall Street stocks rallied. Brent oil futures finished under $100 a barrel for the first time in nearly three weeks, reflecting...PIF opens 3 overseas firms
The new companies’ offices are in London, New York, and Hong Kong.Asian markets rise again as traders wait for US inflation data
Signs of lower tensions between Russia-Ukraine have put investors at ease.Global stocks end strong year with losses
On Wall Street, the broad-based S&P 500 had its best December in over a decade, and scored a third straight year of double-digit gains with a 27.1% jump.Covid-19 rules shuttering Hong Kong aviation: Qatar Airways chief
Under Hong Kong's rules, if an airline brings in too many infected passengers on a particular route, it is banned from flying that route for two weeks. Qatar Airways has already been banned five times for that.China’s SenseTime postpones Hong Kong IPO after US blacklisting
The US Treasury announced the ban on Friday, saying SenseTime's facial recognition programmes were designed in part to be used against Uyghurs.Tel Aviv residents face soaring costs in world’s priciest city
Israel's cultural capital Tel Aviv is now more expensive than Paris, Singapore, Zurich, Hong Kong and New York.Weibo plans $547m HK listing
Hong Kong listing is seen as a hedge against removal from US exchangesDubai ranks first in Arab world in Innovation Index
The report also highlights that 2014 saw the launch of the first Dubai Innovation Index, which was the first-of-its-kind city level assessment of innovation which has influenced a raft of new measures, including strategies policies and procedures introduced in areas that include public private partnerships, robotics, blockchain, artificial intelligence, the...Riyadh ranks third smartest G20 capital, outperforms Paris and Hong Kong
Saudi capital Riyadh has been ranked as the third smartest capital among the G20 member states and the 30th smartest city at the global level. Riyadh made qualitative progress on the IMD Smart Cities Index for 2021, issued by the International Institute for Management Development (IMD), as it jumped 23...Dubai Chamber launches online tool to fill $10b export gaps
The launch of the tool is in line with the emirate’s new target to boost its foreign trade from around $380 billion to around $545 billion over the next five years.













