Saudi Arabia strikes $10bn China deal
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.
Petrochemicals giant SABIC isn’t worried about China’s growth slowdown
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 To Raise Oil Shipments To China
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.
‘Trump Will Be Furious’: Tension Between U.S. and Israel Over China Infrastructure Projects
Tightening Israel-China ties have not yet reached Trump's desk, but one U.S. official warns he will not take to it kindly.
China banks stop dealing with Iran ahead of US sanctions
The head of Iran-China Chamber of Commerce Asadollah Askaroladi announced that Chinese banks have stopped dealing with Iranian companies ahead of US sanctions scheduled...
China defies U.S. pressure as EU parts ways with Iranian oil
China, seeking to skirt U.S. sanctions, will use oil tankers from Iran for its purchases of that country’s crude, throwing Tehran a lifeline while...
China’s power in the Middle East is rising
Last month, Chinese President Xi Jinping made a three-day visit to the United Arab Emirates, his second Middle East trip, after visiting Saudi Arabia,...
In blow to Trump, China rejects US request to cut Iran oil imports
China has rejected a US demand to cut Iranian oil imports despite Washington’s attempts to bring down the Islamic Republic's oil sales to zero, Bloomberg reports.
Why China Is Building A New City Out In The Desert Of Oman
Oman intends to change this by building an entirely new, $10.7 billion transit-oriented industrial city on the desertified coast of the Arabian Sea, 550 kilometers south of Muscat.
Closer Ties: China And Saudi Arabia Sign $70 Billion in New Deals
Chinese Vice Premier Zhang Gaoli made a three-day visit to Saudi Arabia from August 23 to August 25. During his visit, China and Saudi...
