China

Oil prices rise on strong Chinese demand, weakening U.S. labor market

Brent oil futures, expiring in July, advanced by 0.5 percent to reach $84.33 per barrel

Oil prices rise on mixed Chinese trade data, Middle East tensions

Brent oil futures, set to expire in July, saw a 0.4 percent rise to reach $83.93 per barrel

UAE gold prices steady, global rates rise as traders await rate cut cues

China's central bank marked its 18th consecutive month of gold purchases in April

ATM 2024: Dubai’s Emirates, China Cultural Centre join forces to amplify tourism opportunities

The agreement aims to enhance inbound travel from Emirates' global network to China

China’s Xinxing Ductile to invest $400 million in Egypt within 5 years

In April, SCZONE laid the foundation stone of the Xinxing Ductile Iron Pipes Corporation’s factory

QatarEnergy inks historic $6 billion agreement to build 18 ultra-modern LNG vessels in China

LNG supplies from Qatar to China reached around 17 million tons in 2023

IEA forecasts strong growth in electric car sales to 17 million in 2024

The IEA expects China to account for 10 million electric vehicle sales this year

China leaves benchmark lending rates unchanged in line with market expectations

The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent

Saudi Aramco to acquire 10 percent stake in China’s Hengli Petrochemical

Deal aligns with Aramco’s strategy to expand its presence in key high-value markets like China

UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation

This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019

Egypt’s SCZONE attracts 128 projects worth over $3 billion, Chinese firms contribute 40 percent

SCZONE inked 14 agreements with major Chinese companies to boost investment

IMF’s Georgieva urges China to address economic slowdown, enhance productivity

The Managing Director highlighted concerns over the country's property crisis, called for domestic growth strategies

Oil prices climb on China’s economic growth, Middle East tensions

Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel

Oil prices surge amid escalating Middle East tensions, economic data in focus

Brent oil futures expiring in June rose by 0.6 percent to reach $90.89 per barrel

China to establish $70 billion re-lending program to support science and technology sectors

21 banks will provide loans to small and midsize technology companies at a 1.75 percent interest rate under this program

Oil prices decline as Middle East tensions ease: Brent crude falls below $90

Investors await consumer price index data from U.S. and China later this week

Travel and tourism industry set to surpass $11.1 trillion in global economic contribution in 2024: Report

The sector will surpass its previous record by an additional $770 billion, the report says

Oil prices hit highest level in five months, approach $90 as OPEC output remains steady

Mixed U.S. inventories impact crude oil gains, production offset by fuel demand

Manufacturing sector in China sees growth in March, ending 6-month contraction

PMI data shows growth in export orders, slow employment decline

Oil prices surge on positive economic outlook, geopolitical concerns

China and U.S. demand boost prices amid Middle East conflict

Oil prices rise amid tight supply, upbeat Chinese economic data

China's manufacturing activity expanded for the first time in six months in March