#China

IPOs

Here are Asia’s biggest IPOs to watch for the second half

Share sales globally plummeted some 70 per cent from a year ago in the first half, to levels not seen in almost two decades

Nasdaq Dubai China

Industrial and Commercial Bank of China lists five bonds worth $2.68bn on Nasdaq Dubai

The note is the first ever carbon-neutrality theme bond issued in the GCC region

Oil extends gains after US crude stockpiles drop, exports soar

Oil holds near $121 as investors weigh tightening markets

Crude has rallied about 60 per cent this year as an economic rebound coincided with upended trade flows

Oil set for seventh weekly gain as traders weigh China’s return

Consumption in top importer China is expected to rise as it lifts strict Covid restrictions

Saudi Arabia

Saudi raises oil prices amid Asia rebound

Saudi Arabia sends more than 60 per cent of its crude exports to Asia, with China, Japan, South Korea and India being the biggest buyers

Gold

Gold holds weekly gain as dollar extends drop on risk sentiment

Bullion has risen past $1,850 an ounce in the second half of May

Qatar exports surge as demand for gas climbs on Ukraine crisis

China was the top destination of Qatar’s exports in April with close to QR6.6bn riyals

Oil pump

Oil rebounds after two-day drop as traders weigh products, China

Investors have shunned equities and many commodities after Federal Reserve officials reaffirmed much tighter monetary policy lies ahead to cool an overheating economy and tame inflation

Saudi Arabia

Saudi cuts oil prices from record highs amid China lockdowns

Saudi Arabia sends more than 60 per cent of its crude exports to Asia

Morgan Stanley raises oil forecasts by $10 citing market deficit

The bank raised its third quarter estimate to $130 a barrel

How trust in digital payments is priming social commerce for a major uplift

S-commerce has several other factors going in its favour

China Eastern

Boeing 737 crashes with 133 on board in China, state media reports

China Eastern flight MU5735 was traveling from Kunming to Guangzhou

Saudi Aramco JV to develop refinery and petrochemical complex in China

The facility will be built in the city of Panjin, in China’s Liaoning Province

UAE’s non-oil foreign trade rises 27% in 2021

China ranked first as the country’s largest trading partner in 2021

Gold heads for weekly gain as stocks drop before US jobs data

January’s employment report due Friday is expected to be weak

Oil extends gain after weekly advance on tightening market

Oil has rallied more than 10 per cent so far this year

Oil extends losses on omicron spread uncertainty

Oil’s drop this week has eaten into a partial recovery from a bear market at the end of November

China’s ByteDance invests in Dubai-based logistics startup iMile Delivery

The fresh capital will support iMile’s plans to hire more engineers in China and invest in its technology

Shanghai

UAE’s First Abu Dhabi Bank to open first mainland China branch

FAB will offer both RMB and foreign currency business onshore in China through its new branch in Shanghai

OPEC+ warns of response as Biden poised for oil reserve release

The Organization of Petroleum Exporting Countries and its allies will meet on December 2

Oil extends drop as investors assess reserve release, Covid wave

Oil rallied to the highest level since 2014 in October but has faltered over the past month

Qatar orders six gas ships from South Korea to boost exports

LNG is seen as an important substitute for fuels such as oil and coal

Expo 2020 Dubai pavilions: Sweden, Kuwait, China, Canada, Belgium, Mexico, Pakistan, Sierra Leone

Here’s a list of eight participating country pavilions and their offerings

Oil drops at start of key week as Biden boosts pressure on OPEC+

Crude has soared this year, with production trailing supply as the global economy recovered from the impact of the pandemic

Brent oil rises above $85 as Saudi Arabia vows caution on supply

Oil has more than doubled over the past 12 months as the global economy rebounded from the dislocation caused by the coronavirus pandemic

The US replaces China as world’s biggest Bitcoin miner

At the end of August, America accounted for 35.4 per cent of the global hash rate

Chinese regulators are serious about banning crypto this time

Authorities said crypto transactions in China are banned and they will root out mining of digital assets

Terminus Group_MENA headquarters

Terminus Group inaugurates MENA headquarters in Dubai

Terminus Group was announced by Expo 2020 Dubai as the only official premier partner from China

Gold edges higher as havens rally on growing Evergrande fears

The traditional haven has lost 8 per cent this year

UAE’s Mashreq opens first representative office in Shanghai

With the new office, Mashreq now operates in 13 countries, including the UAE