Amid coronavirus crisis, wealthy Gulf States can no longer provide aid to struggling Arab neighbors and may soon lay off millions of foreign workers
Saudi Arabia has stepped up efforts to squeeze Russia’s Urals oil grade out of its main markets by offering its own cheap barrels instead after their long-standing deal to support global oil prices fell apart, seven oil sources said.
As the coronavirus has spread around the world, countries and events organisers have been compelled to take measures to stop the spread of the virus and protect their citizens.
The China Ningbo Containerized Freight Index (NCFI) reported a plunge in freight indices in the Middle East routes.
Turkish President Recep Tayyip Erdogan is betting big on China. The result is a Turkish government that is drifting ever deeper into China’s orbit, and away from the West.
Donald Trump has said the US was “locked and loaded” and to ready respond to drone attacks on a petroleum processing facility in Saudi Arabia, saying the US knew who was behind them.
Saudi Arabia signed 35 economic cooperation agreements with China worth a total of $28bn at a joint investment forum during the visit, according to Saudi Arabia's SPA state news agency SPA.
The Middle East’s largest public company is expanding its investments in China despite an expected slowdown in the country’s economic growth, its CEO said Monday.
Saudi Arabia sealed deals with Chinese oil importers that will see the Kingdom’s exports to China rise to 1.67 million barrels daily in 2019, Reuters reports, citing a statement from state oil giant Aramco.
Tightening Israel-China ties have not yet reached Trump's desk, but one U.S. official warns he will not take to it kindly.