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As the city courts tourists and investment from the Middle East, the tourism board is considering a new certification system to open doors to more restaurants.
As city continues to benefit from an increasingly close relationship between China and the Middle East, start-ups need to seize opportunities.
A four-day cessation to hostilities, while welcome, is hardly the answer; as Chinese President Xi Jinping rightly said, a two-state solution is the only viable route to peace.
- The event, featuring pieces by Yasmina Qanzal, pushes the envelope in a country where women were required to wear body-covering robes less than a decade ago
- Crown Prince Mohammed bin Salman has initiated a series of dramatic social reforms in a bid to soften Saudi Arabia’s austere image
Saudi Arabia and Qatar set to increase services to Hong Kong and mainland China as tourism rebounds after pandemic.
Asian Investors represented more than 17 per cent of qualified foreign investor activity on the Saudi Exchange’s main market in the first quarter.
Chinese companies have been the only foreign players to win bids so far, taking licenses covering 10 oil and gas fields since Saturday.
Two regions can revitalise historical connections through financial collaboration, but more understanding is needed, says a director with index provider MSCI.
Valuable Capital, Hong Kong’s second-largest online broker, launched Sahm Capital in December, allowing users to trade in both Saudi and US markets.
Envoy who visited Turkey, Egypt, Saudi Arabia and UAE said to have encountered general agreement with Beijing’s push for restraint and direct dialogue.
Middle East veteran Chang Hua makes the move after Beijing brokered a deal between the two countries to restore diplomatic relations last year.
The Saudi stock exchange will weigh its reforms against the likes of the Hong Kong stock exchange as it bids to become a leading global capital market, Tadawul Group’s Nayef Al-Athel says.
Success of the US$17 billion Iraq Development Road depends on Iraq-Turkey ties, which have been fraught over oil exports and militant issues, analysts say.
The concerns come as a US delegation in Kuala Lumpur holds talks with officials over Tehran’s alleged underhanded selling of oil through service providers.
Hong Kong Exchanges and Clearing, which runs the third-largest stock exchange in Asia, sees more listings from the Middle East and mainland China as market sentiment turns bullish, according to its CEO.
The new financial product underscores the flurry of collaborations and accords between Hong Kong and Riyadh since the February 2023 visit by Chief Executive John Lee Ka-chiu to the kingdom.
Alat CEO Amit Midha said the only request so far has been to keep supply chains separate, but it would divest if asked because the ‘US is the number one partner for us’.
KeeTa seized a 43 per cent share of the city’s food delivery market by order volume in the first quarter to surpass rival Foodpanda, which had a 37 per cent share in the same period.
The outlay, to be done over the next four years, doubles the investment of subsidiary Amazon Web Services in the city state.
The hike highlights Saudi Arabia’s efforts to keep the market tight amid fading war risk in the Middle East, which has helped drive oil prices in London lower.
National Security Adviser Jake Sullivan said the two issues were part of an ‘integrated vision’ for peace in the Middle East and could not be disentangled.
Tens of thousands have been killed. Yet domestic politics are as much a factor as any looming humanitarian disaster for Western and Middle Eastern governments involved in peace talks.
The United States and Saudi Arabia are said to be nearing a pact that would offer the kingdom security guarantees and lay out a possible pathway to diplomatic ties with Israel if it brings the war in Gaza to an end.
US Secretary of State Antony Blinken also said Israel must still do more to increase the flow of humanitarian aid into besieged Gaza
It’s the top US diplomat’s seventh Middle Eastern trip since Hamas attacked Israel on October 7.
Mahmoud Abbas said such an invasion on the Gazan city, which is sheltering more than a million residents, would be ‘the biggest catastrophe in the history of the Palestinian people’.
Meituan’s foray into Riyadh marks the Beijing-based company’s first overseas expansion amid slowing growth in its home market.
Grammy winning rapper Swizz Beatz has entered a camel team in a four-day race in the Saudi oasis city of AlUla, four years after he became the first American to own a racing team in Saudi Arabia.
The Golden Horizon Fund, which will target companies across the Gulf Cooperation Council countries and China, marks the first time that CIC has invested in the Middle East.
‘China’s goal is to enjoy the fact that the US is getting bruised here, but also to use the conflict in Gaza as a way to rally the Global South against the United States,‘ one says.
City is a food paradise, but not for Muslim visitors keen to try Cantonese cuisine and local delights.
