Middle East

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"

2 weeks 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

2 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…

2 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…

3 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

6 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…

6 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

Iraq Biggest Beneficiary as Beijing Pivots on Belt and Road

Beijing signed deals totalling $10.5 billion in new construction contracts in Iraq last year, part of its greater engagement towards…

2 years ago