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Russia and Spain Tuesday lambasted fresh sanctions on Iran by the US, which is bullying countries to stop buying the Iranian oil. US President Donald Trump and his administration enacted Monday another tranche of sanctions against Iran targeting its oil Read more
China’s global telecommunication company Huawei will provide its expertise to provide Saudi Arabia with 5G after the kingdom’s telecom entity ties up with the Chinese giant on a five-year plan. The plan dubbed Network 2023 will enable Huawei “to assist Read more
The Saudi manufacturer and provider of advanced copper, aluminium and fibre optic cable products, Saudi Cable Company (SCC), has sold its shares in Turkey-based Demirer Kablo to China’s group Jiangsu Zongitan Technology (ZTT), Bahrain-based Trade Arabia reports. The media says Read more
Iran’s top leader Ayatollah Ali Khamenei has admitted he made a mistake when he allowed the country’s foreign minister to enter into negotiations with the U.S. that paved the way to the 2015 nuclear deal with world powers. “With the Read more
Head of the Iranian Revolution Guards Wednesday indicated that US threats to thwart Iran’s oil exports to its buyers will be easily answered. “If the current capabilities of the Revolutionary Guards … reaches the ears of the adventure-seeking president of Read more
Property developer group Emaar Wednesday announced it will erect in Dubai the Middle East largest Chinatown, at 10-minute drive from the mega city’s international airport. The future Chinatown will stretch on 6 km2 and will be located within the retail Read more
President Xi Jinping will visit the United Arab Emirates (UAE) next week, his first visit to the Gulf country, at the time trade between the two countries is at its peak. During the state visit, the Chinese leader who is Read more
Chinese President Xi Ping Tuesday announced Beijing will allocate a $15 million financial package to Palestinians as the second global economy is expanding its diplomatic and economic influence in the Middle East region, Reuters reports. The Chinese leader made Read more
Kuwait and China signed Monday in Beijing several agreements and Memorandum of Understandings aimed at boosting ties. The deals were signed in the presence of the Kuwaiti ruler Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, who is on a state visit to Read more
China Friday urged Iran to reconsider its threats after the powerful Revolutionary Guards suggested that the Islamic Republic could hamper navigation in the Strait of Hormuz, which is critical to China’s vital oil and gas imports. Thursday, Mohammad Ali Jafari, Read more