Middle East

Singapore-Bound Oil Tanker Hit as Red Sea Tensions Escalate

The strike marks a serious escalation of attacks by Houthi militants given they have, so far, primarily targeted container vessels…

3 months ago

As Suez Canal Trade Tanks, China Warns Iran on Red Sea Attacks

Since the assault by Iran-backed Houthis began in December, 39% fewer ships are moving through the Suez Canal, leading to…

3 months ago

Global Trade Shrinks on Red Sea Woes But China Bucks the Trend

A tanker was reportedly seized on Thursday by armed men near Oman and headed toward Iran; attacks on vessels near…

3 months ago

China’s COSCO Suspends Shipping to Israel: Report

COSCO’s decision comes on the back of increasing tensions in the Red Sea, one of the most used trade routes…

3 months ago

China-Saudi Sign $7bn Currency Swap Deal in Fresh Hit to Dollar

The People's Bank of China said the deal "will help strengthen financial cooperation" and "expand the use of local currencies"

5 months ago

Israel-Hamas War Casts Long Shadow Over China’s BRI Stocks

China's muted diplomatic stance - calling for de-escalation but stopping short of condemning Hamas - has also added to investors' nervousness

6 months ago

Economic Risks Mount for Asia as Israel Declares War on Hamas

As trading started in Asia on Monday, investors were seen flocking to safe haven assets like gold, the dollar and…

6 months ago

India, US, Saudi, EU Sign Ports Deal To Counter China Amid G20

The sweeping deal aims to link South Asia and the Middle East to help the flow of energy and trade…

7 months ago

Saudi Arabia Says it Will Collaborate, Not Compete With China

Cooperation between Riyadh and Beijing has deepened in security and sensitive tech amid a warming of political ties

10 months ago

Saudi Arabia Emerging as Hot New Market For Chinese Investors

Many investors from Greater China are heading to the Gulf this week eyeing fundraising and investment opportunities amid the global…

10 months ago

Economic Shift Guides Gulf States on Oil – China Daily

Saudi Arabia, UAE and Qatar—key members of the Organization of the Petroleum Exporting Countries—have remained hesitant to increase oil and…

2 years ago

Iran Offers India Energy Supplies – Financial Express

Tehran envoy Ali Chegeni said if both nations restart their rupee-rial trade, bilateral trade could surpass $30 billion

2 years ago