Saudi Arabia Floods Market with Cheap Oil to Squeeze Out Russia
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.
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...
What’s Behind China’s Big New Drone Deal?
When China recently revealed it had secured the “biggest overseas purchase order” in the history of Chinese foreign drone sales, it did so in mysterious fashion
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.
Tenfold increase in Chinese investment in Israel
Chinese investment in Israel has jumped tenfold since late 2016 due to increased US protectionism and a tougher regulatory stance adopted by America after...
Chinese Game Publisher Shinezone Enters Middle East Market, with UAE as the first stop
Chinese game publisher and exporter Shanghai Shinezone Network Technology Co., Ltd. (Shinezone) today announced the company's intent to enter the Middle East market.
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.
Coronavirus Economic Impact Could Decimate the Middle East
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 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.
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,...
