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West Asia News and Update from Asia Financial

West Asia

Fear of US Sanctions Delaying Oil Payments to Russia, Banks Say

A US Treasury warning of secondary sanctions has sparked concern among banks in China, Turkey and the UAE, delaying payments…

1 day ago

Nikkei, Hang Seng Range-Bound Ahead of Major US Data Releases

In Hong Kong, shares of biotech firm WuXi AppTec fell 12% on news that a US-based global trade association representing…

2 weeks ago

Risk of ‘Environmental Catastrophe’ from Ship Sunk in Red Sea

The sinking of the Rubymar on Saturday poses a major environmental threat to the Red Sea as it was carrying…

4 weeks ago

IM Motors Raises $1.1bn in Major China EV Brand Deal

Premium electric vehicle brand IM Motors has raised more than 8 billion yuan ($1.1 billion) in its Series B round…

4 weeks ago

China Upset at US Sanctions on Firms For Russia Dealings

Beijing said it would take measures to safeguard the rights of Chinese firms after the US put trade bans on…

1 month ago

Blacklisted Chinese Surveillance Maker in Saudi Fund Tie-Up

Dahua Technology will manufacture surveillance hardware in Saudi Arabia after signing a deal with a Public Investment Fund entity

1 month ago

Google Set to Launch Satellite to Pinpoint Methane Emission Sites

Google is partnering with the Environmental Defense Fund, a non-profit, with a plan to launch a satellite next month that…

1 month ago

Red Sea Crisis Hurting Indian Exporters As Rivals Nab Business

Small exporters in India, many of whom work on small margins, have warned that job losses could soar if attacks…

1 month ago

EU Looking to Sanction Chinese, India, HK Firms Over Russia Ties

European MPs plan to sanction three Chinese companies, plus businesses in India, Hong Kong and other countries in a bid…

1 month ago

Energy Veteran Named Envoy For India-Middle East Corridor to EU

France has named an energy veteran as its envoy to IMEC, a major rail and ports project seen as a…

1 month ago

Altman’s AI Chips Plan Could Cost Trillions, Not Billions – WSJ

OpenAI chief's talks with leading investors and chipmakers to create a greater supply of AI chips could cost trillions of…

2 months ago

Israel’s Tower Proposes $8bn Chip Plant in India – Express

Tower is seeking state incentives for its plan to build a $8-billion chip plant that would make 65 nanometre and…

2 months ago