#China
The $232bn fund is looking at India, China and Southeast Asia for potential investments
China, Brazil and the UAE were the only three emerging economies that ranked on the index
Brent futures for August settlement gained 3 cents to $42.22 a barrel on the ICE Futures Europe exchange as of 12.03pm in Singapore
Oman Tank Terminal Co. (OTTCO) has almost finished constructing eight tanks to store crude for a new refinery near the town of Duqm on the Arabian Sea
While oil has rebounded rapidly since April as OPEC+ production cuts kicked in and US output fell, the rally fizzled last week
The cuts were widespread across the region from South Asia and Southeast Asia to some parts of North Asia
Futures in New York fell below $35 a barrel after losing 8.3 per cent last week
The UAE’s non-oil trade in 2019 grew 4.4 per cent from Dhs1.536 trillion in 2018
Google has alerted the respective campaigns and law enforcement agencies
Brent crude, down 36 per cent this year, has clawed back some of its losses and ended trading on Friday at more than $40 a barrel
A proposed new law will require companies listed on American stock exchanges to demonstrate that they are not owned or controlled by a foreign government
Oil has surged about 75 per cent this month as pockets of demand return
The pandemic will prompt authorities to re-examine the robustness of their healthcare systems, says Damien NG, PhD, Next Generation Research at Julius Baer
Prior to the pandemic, the plant had been mostly targeting Europe for sales of low-sulfur diesel and jet fuel
The deal will provide the Saudis nine million kits with a capacity to test 50,000 people per day
Last week, Saudi Arabia’s cabinet approved electronic visas for foreign visitors to attend sporting events and concerts
The fund is best known for European investments including the acquisition of London department store Harrods.
Two from the UAE and one from Bahrain feature on the list of the world’s largest smelters by capacity.
Trade ties between the countries have risen over 395 per cent from 2002 to reach $15.6 billion last year.
ICBC ME posted a pre-tax profit of $36 million in the first half of the year, up 157 per cent from H1 2011.
CITIC, partly owned by China’s sovereign wealth fund, did not give financial details of the investment.
With a combined GDP of over $9 trillion, China and India were poised to offset slower growth in the West, but recent developments have proved otherwise.
The Kingdom’s cabinet has given a licence to the Industrial and Commercial Bank of China (ICBC) to open one branch in Saudi.