China

Oil prices drop as OPEC+ production rises, demand weakens

Brent crude futures dropped by 61 cents, or 0.8 percent, settling at $76.32 a barrel

Qatar achieves $5.51 billion in trade surplus in July 2024, total exports reach $8.28 billion

Import levels rose by 6.8 percent year-on-year, reaching $2.77 billion

$2.3 trillion crypto market reaches new heights, 95 percent more millionaires: Report

The count of Bitcoin millionaires has surged by 111 percent to reach 85,400

UAE gold prices edge down, global rates dip as market awaits U.S. inflation data

Markets now await the release of the U.S. PCE data, the Federal Reserve's preferred measure of inflation, on Friday

Abu Dhabi’s Mubadala partners with CBC Group to fully acquire UCB Pharma’s China mature business

Acquisition includes UCB’s neurology portfolio and allergy portfolio in Mainland China, in addition to UCB’s Zhuhai manufacturing site

China finds new method to extract water from lunar soil

The new method can extract 51-76 kg of water from one ton of lunar soil

Visa-free travel to Sri Lanka: UAE, Saudi Arabia, and 33 other countries granted access

Saudi Arabia ranked third as a potential market for Sri Lankan tourism in June 2024

Oil prices flat, headed for bleak weekly performance amid demand concerns

Brent oil futures expiring in October edged up 0.1 percent to $77.26 per barrel

Dubai Business Forum – China: Dubai Chambers, CCPIT Beijing partner to bolster trade relations, bilateral ties

Agreement supports CCPIT Beijing’s member companies in establishing and expanding their investments in Dubai

Dubai Business Forum – China: Dubai-based Emirati companies invested $1.4 billion in China in last 8 years

The number of active Chinese companies within the Dubai Chamber of Commerce reached around 5,400 at the end of H1 2024

Oil prices weaken on U.S. labor data, demand outlook uncertain

Brent oil futures fell 0.1 percent to $75.95 a barrel

Growing Saudi-China ties to facilitate renminbi-based oil trade between the two countries, says S&P

China's trade with the Middle East has more than tripled over the last 20 years, a key factor in the potential for broader use of the renminbi by Gulf states

Oil prices slide on rising U.S. inventories, easing Middle East tensions

Brent crude futures declined by 0.1 percent, settling at $77.11 per barrel

Dubai Chambers expands China ties further, partners with Industrial and Commercial Bank of China

Agreement to promote collaboration between companies in Dubai and China to boost bilateral trade and investment in both markets

Oil prices retreat as geopolitical concerns ease, demand concerns rise

Brent crude futures dropped 0.7 percent, or 53 cents, to $77.13 per barrel

Dubai Chambers, China Construction Bank partner to boost trade and investment cooperation

This deal will foster knowledge sharing and expertise exchange, strengthening support for businesses and investors

UAE gold prices dip, global rates remain above $2,500 level on U.S. rate cut optimism

Multiple Chinese banks have been given new gold import quotas from the central bank, signaling renewed buying demand

Oil prices sink as China’s economic slowdown fuels demand concerns

Brent crude futures declined by 13 cents, or 0.2 percent, to $79.55 per barrel

DFM, SZSE partner to strengthen UAE-China capital market ties, enhance cross-border investment

This partnership will foster joint initiatives like roadshows, seminars, research collaborations, and training programs

UAE gold prices steady amidst global rise following strong U.S. data

Globally, spot gold was up 0.3 percent at $2,454.40 per ounce

Oil prices edge lower but set for weekly gains on U.S. optimism

Brent crude futures, expiring in October, fell 0.1 percent to $80.94 a barrel

Dubai Chambers, Bank of China partner to support investors, enhance bilateral trade

Agreement signing coincides with the 40th anniversary of the establishment of diplomatic relations between the UAE and China

Oil prices climb on rate cut hopes, but China concerns remain

Brent crude futures rose 0.21 percent to $79.93 a barrel

Abu Dhabi’s real estate FDI jumps 225 percent to $893 million in H1 2024

During the first half of 2024, Abu Dhabi recorded 12,439 real estate transaction activities with a value of AED36.2 billion