From repeated threats, to calling countries for more participation —and sending warships — US President Donald Trump has increasingly focused his fury in the ongoing conflict in the Middle East, which is in its third week, on the crucial Strait of Hormuz, the narrow passageway through which nearly a fifth of the world’s oil flows…
Adverse impacts from the US-Israel strikes on Iran unfolded on Monday, disrupting supply chains, driving up oil prices and leaving many Middle East business leaders at a major trade fair in Hong Kong in an awkward position. As the strikes entered a third day, oil prices surged 13 per cent – the biggest rise in…
British finance minister Rachel Reeves will attend an investment summit in Saudi Arabia on Monday and seek to advance trade talks with other Gulf countries, in what officials said was the first visit to the region by a British finance minister in six years. Saudi Arabia will host its flagship gathering of global political leaders…
Hong Kong private-equity manager, Templewater, sees significant opportunities in connecting Asia’s fast-growing electric vehicle (EV) and energy-storage industries with Middle Eastern markets seeking clean-energy solutions as the region shifts away from oil reliance. Templewater, which this month held a signing ceremony in Hong Kong with Omani sovereign wealth fund Future Fund Oman for the launch…
Hong Kong can help European companies tap promising markets in Asia, particularly mainland China, by leveraging the city’s unique advantages and its booming financial market, according to two firms that are using bases of operations in the city to further expand in the region. Italian-owned food importer and distributor Bright View and French fintech firm…
Beijing is likely to step up support for Tehran as it tries to secure its strategic interests in the Middle East, analysts say, amid concerns over how the recent Iran-Israel war will reverberate across the resource-rich region. But one analyst noted it was a balancing act for Beijing to avoid compromising ties with Arab countries…