China

China’s growing interest in the Middle East continues as the country’s sovereign wealth fund partnered with Bahrain’s Investcorp to establish a $1 billion investment pot. According to a press statement, Investcorp Golden Horizon fund…
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The entry of Chinese car models in the Middle East could drive regional electric vehicle sales, as global figures are projected to reach 17 million units by 2024. According to the latest International Energy Agency report, this marks a…
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Taipei’s defense ministry said it had detected 21 Chinese military aircraft around the self-ruled island since 8:15 am (0015 GMT) on Saturday, a month before Taiwan’s May 20 inauguration of incoming president Lai Ching-te. “17 aircraft…
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With the inaugural flight of China Southern Airlines landing in Riyadh on April 16, Saudi Arabia and Beijing are further enhancing air connectivity. The Chinese airplane arrived at the King Khalid International Airport at night, carrying…
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Saudi energy giant ACWA Power has secured an $80 million equity bridge loan from the Bank of China for its Uzbekistan initiatives. According to an official press release, the payment is split equally between Chinese yuan and US dollars,…
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Saudi Foreign Minister Prince Faisal bin Farhan received a phone call from his Chinese counterpart on Monday, Saudi Press Agency reported. During the call, Prince Faisal and Wang Yi discussed developments in the Gaza Strip and its…
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China’s long-term foreign currency issuer default rating has been revised to negative from stable by Fitch Ratings, citing increased uncertainty regarding its economic growth. In its latest commentary, the US-based credit rating agency…
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The United States warned Tuesday that it will hold China responsible if Moscow makes gains in Ukraine, after Beijing renewed pledges of cooperation during a visit by Russia’s top diplomat. Kurt Campbell, the deputy secretary of state…
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Aviation firm China Southern Airlines has been given the green light by Saudi Arabia to operate flights between Riyadh and three cities in the Asian country. The Kingdom’s General Authority of Civil Aviation, through its Air Transport…
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China’s military said Sunday that it had conducted air and sea patrols and that all activities that “disrupt the South China Sea” are under control, an apparent response to naval exercises by the US and its allies. The defense chiefs of…
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