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Oil Prices Set to Rise on Optimistic China Demand

NEW YORK/SINGAPORE: Oil prices were set to snap a two-week losing streak despite trading marginally lower early on Friday, amid optimism about higher energy demand from top crude importer China and a weaker dollar, according to Reuters. Brent futures dipped 17 cents, or 0.2 percent, to $75.50 a barrel by 6:41 a.m. Saudi time, while US West Texas Intermediate crude dropped 16 cents, also 0.2 percent, to $70.46 a barrel. Both benchmarks surged about 3 percent during the prior session.
sport

Messi fever peaks before Beijing friendly game

BEIJING: Messi mania gripped Beijing ahead of a sellout friendly on Thursday evening between world champions Argentina and Australia in the Chinese capital. All eyes were on Lionel Messi, arguably the greatest footballer of all time and who lifted the World Cup for Argentina in December. Hundreds of Chinese fans waving Argentinian flags and wearing Messi jerseys have massed outside the team’s luxury hotel ever since their idol touched down on Saturday.
Business

Bank of China to launch in Riyadh in 2021, confirms official

RIYADH: In yet another sign of increasing cooperation between the world’s second-largest economy and the Arab world, the Bank of China is set to open its first branch in Riyadh later in 2023, reported Asharq. It quoted Jun Tian, head of the team for the launch, as saying that the bank’s branch in the Saudi capital is expected to begin operations by the end of October or at the beginning of November.
Business

Arab-China Connection Strengthened by Riyadh Event, Industry Leaders Say

RIYADH: Participants of the 10th Arab-China Conference that concluded in Riyadh on Monday are optimistic that the evolving economic landscape of Saudi Arabia and Chinese expertise will help drive a huge transformation in the Kingdom and the wider Middle East. Rupert Hoogewerf, a researcher who founded the Huron Report, was one of the many key business personalities present at the two-day event.
Business

“Chinese Delegates View Riyadh Conference as Chance to Strengthen Ties”

RIYADH: Business professionals from China are optimistic that events like the Arab-China Business Conference will help strengthen economic ties between the world’s second-largest economy and the region. They urged Chinese companies to explore opportunities in the Arab world particularly Saudi Arabia, as the Kingdom is rapidly transforming into an economic powerhouse. Lin Shunjie, chairman of China International Exhibition Center Group, told Arab News that his visit to the Kingdom had opened doors of new business opportunities between his country and the Arab world.
Business

Diriyah CEO predicts Saudi Arabia as a popular spot for Chinese tourists

RIYADH: Saudi Arabia will become an attractive destination for Chinese tourists in the next 20 years, said the group CEO of the Diriyah Gate Development Authority. Speaking on the first day of the 10th Arab-China Business Conference in Riyadh on Sunday, Gerard Inzerillo said Chinese travel enthusiasts are raised in one of the most culturally rich countries in the world, as it is home to a unique cuisine, music, dance, literature and calligraphy.
News

US Lawmakers Aim to Stop State Bans on Foreign Property Purchases

A raft of states are looking to restrict property purchases by citizens of U.S. adversaries like China and Iran. Democrats in Washington are pushing back.

The post U.S. Lawmakers Seek to Preempt State-Level Bans on Foreigners Buying Property appeared first on The Intercept.

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US, UK impose sanctions on Iran’s drone program

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WASHINGTON: The United States and the United Kingdom announced widespread sanctions against Iran’s military drone program on Thursday in response to its weekend attack against Israel. Washington is targeting “16 individuals and two entities enabling Iran’s UAV production, including engine types that power Iran’s Shahed variant UAVs, which were used in the April 13 attack,” the Treasury Department said in a statement, referring to Iran’s unmanned aerial vehicle program.

US imposes new sanctions on Iran for attacking Israel

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Sanctions on Iran's missile and drone programmes come as fears mount over possibility of greater regional escalation.

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Columbia University leaders under scrutiny for anti-Semitism | TOME

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Columbia President Nemat Shafik sought to avoid the outrage that erupted after a previous congressional hearing.

NYT Brass Takes Action to Stop Leaks on Gaza Coverage

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An internal leak investigation ended without a “definitive conclusion,” as the Times cuts ties with a controversial Israeli freelancer.

The post New York Times Brass Moves to Staunch Leaks Over Gaza Coverage appeared first on The Intercept.

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Apple invests in Vietnam as Tim Cook visits Hanoi

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Singapore Economy Grows 2.7% Below Forecasts | TOME

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