Hong Kong flag carrier Cathay Pacific Airways has delayed the resumption of passenger flights to Dubai and Riyadh until December at the earliest, extending the suspension of its Middle East services to nine months. The airline attributed the extended postponement to “the latest developments in the Middle East”, with services to both cities now cancelled…
An Asian city will eventually overtake London and New York as the world’s leading financial centre, with Hong Kong well placed to compete for the top spot given its legal predictability and low tax burden, according to the creator of a closely watched ranking of financial hubs. “It’s going to happen because it’s so tight,”…
Recently, I joined Secretary for Commerce and Economic Development Algernon Yau Ying-wah in Malaysia for the official opening of the Hong Kong Economic and Trade Office in Kuala Lumpur. The occasion marked an elevation in Hong Kong’s economic and trade ties with Malaysia and the broader Southeast Asian region. During the visit, Hong Kong’s Belt…
Chinese President Xi Jinping is visiting Egypt for the first time in a decade, as Cairo looks to foster deeper economic and military ties with Beijing while maintaining its long-standing relationship with Washington. The visit comes as the US-Israel war on Iran and resulting disruption to global trade have prompted US allies in the region…
ANKARA, Sept 2 (Reuters) – NATO member Turkey would consider taking its relations with the China and Russia-led security bloc, the Shanghai Cooperation Organisation, to a higher level, President Tayyip Erdogan said on Wednesday. “Turkey’s prospect of (full) membership to the organisation does not imply a breakaway from any other bloc or from the West,” Erdogan…
Chinese President Xi Jinping arrives in Cairo for his first visit in a decade, marking 70 years of diplomatic relations and aiming to bolster economic cooperation amid regional crises. China President Xi Jinping has made his first visit to Egypt since 2016, coinciding with the 70th anniversary of diplomatic ties between the two countries. Egyptian…
Hong Kong companies should accelerate their expansion into the Middle East, Southeast Asia and Central Asia to reduce their exposure to geopolitical risks, the city’s commercial-sector lawmaker has said, as the United States moved to disrupt immigrant-visa appointments worldwide. Jonathan Lamport, the Hong Kong General Chamber of Commerce’s (HKGCC) representative in the Legislative Council, said…
An industry leader and a lawmaker have called for subsidies for small and medium-sized enterprises after fuel surcharges imposed by Hong Kong’s two power suppliers rose by nearly 80 per cent and 15 per cent, respectively, since March, amid the Middle East conflict. HK Electric, which supplies electricity mainly to Hong Kong Island and Lamma…
The language used Monday by Treasury Secretary Scott Bessent as he announced a new raft of sanctions against Iran was apocalyptic. The measures are part of the Trump administration’s plan to use economic pressure to force Iran to capitulate, to bring an end to the nearly six-month war and reopen the Strait of Hormuz. The…
China, a key customer of Iranian oil, has advocated for a ceasefire, insisting US sanctions will not resolve the conflict. Published On 25 Aug 202625 Aug 2026 China has said that it would safeguard its interests after Washington unveiled new measures while laying out plans for the “economic asphyxiation” of Beijing’s economic partner Iran. Speaking…