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China
Hospitality & Tourism
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
Egypt
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
Energy
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
Sustainability
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
Economy
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
Energy
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
Economy
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
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
Economy
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
Markets
Oil prices slip amid mixed signals from U.S. inventory data, geopolitical concerns
Brent oil futures fell 0.1 percent to $89.89 per barrel
Markets
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
Economy
ICAEW’s Chief Economist Scott Livermore on oil output strategy, economic diversification importance for GCC growth plans
Sustained oil output, growing non-oil investments key to healthy economy
Markets
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
Banking & Finance
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
Markets
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
Hospitality & Tourism
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
Logistics
China aims for a trillion-yuan aviation industry with focus on the low-altitude economy
China is set to redefine general aviation industry by 2030
Markets
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
Industry
Manufacturing sector in China sees growth in March, ending 6-month contraction
PMI data shows growth in export orders, slow employment decline
Energy
Oil prices surge on positive economic outlook, geopolitical concerns
China and U.S. demand boost prices amid Middle East conflict
Markets
Oil prices rise amid tight supply, upbeat Chinese economic data
China's manufacturing activity expanded for the first time in six months in March
Logistics
Turkish exports reach $21.8 billion, trade deficit narrows by 44.2 percent in February
Exports rose by 13.6 percent
Egypt
Egypt’s non-oil trade deficit decreases 10.6 percent, exports rise 1.2 percent
China tops the list of Egypt's most prominent trading partners
Logistics
Saudi Arabia’s non-oil exports increase by 0.8 percent in January
China remains Saudi Arabia's top trade partner
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