Some Hong Kong residents planning to flee the United Arab Emirates (UAE) with their pets because of conflict in the Middle East are considering flying to other countries rather than returning home due to the city’s 120-day quarantine requirement for cats and dogs. The pet owners called on authorities to relax the “excessive” quarantine rules…
PARIS, March 21 (Reuters) – The foreign ministers of the Group of Seven countries said on Saturday they stood ready to take necessary measures to support global energy supplies and reaffirmed the importance of safeguarding maritime routes, including in the Strait of Hormuz. “We … express support to our partners in the region in the…
DUBAI, March 19 (Reuters) – Iran’s foreign minister called for vigilance and regional coordination in separate calls with counterparts in Turkey, Egypt and Pakistan as the military warned of a tougher response to any further attacks on its energy infrastructure, state media reported on Thursday. After its energy facilities in South Pars gas field and…
A recession mindset took hold among global investors after strikes on energy infrastructure in the Middle East heightened fears that disruption to production and distribution would keep oil prices elevated for longer, darkening the global economic outlook. Crude prices staged a comeback on Thursday after Iran attacked a liquefied petroleum gas site in Qatar in…
Middle East banks and wealthy investors are poised to increase their investments in Hong Kong amid geopolitical tensions to diversify their risk and capture growing opportunities in Asia, according to the head of InvestHK, the government agency tasked with attracting foreign investment. A couple of Middle East banks were in the process of setting up…
Hong Kong’s monetary authority kept its base rate unchanged after a similar move by the US Federal Reserve, as analysts said that the Middle East conflict has added to the uncertainty over the pace of rate cuts this year. The Hong Kong Monetary Authority (HKMA) maintained the city’s base rate at 4 per cent on…
Hong Kong’s labour chief has said geopolitical tensions in the Middle East have made the city, with its relative security and stability, “a more attractive place” for global talent, including those from Gulf countries. Secretary for Labour and Welfare Chris Sun Yuk-han also highlighted the government’s efforts in recent years to attract talent, dismissing concerns…
Cosco Shipping Ports, a unit of state-owned giant Cosco Shipping, reported modest earnings growth for 2025, as management expects to expand in emerging markets amid rising geopolitical risks to global trade. Net profit rose 1.1 per cent to US$312.1 million, and revenue increased 11 per cent to US$1.67 billion, according to its 2025 results. Total…
The Hong Kong Tourism Board will allocate three-quarters of its resources to overseas markets this year in a strategic shift aimed at diversifying visitor demographics and attracting more overnight high spenders to the city. The board also revealed on Wednesday that it would launch a new global campaign by the end of April to promote…
The prospect of a meeting between President Xi Jinping and US counterpart Donald Trump has become a focal point for investors seeking some reassurance on growth and stability as the conflict in the Middle East dampens appetite for risk. Investors are awaiting clarity on the summit, viewing it as a potential sign of cooperation that…