The launch of a marine war-risk pool by Hong Kong insurers is a prime example of how the city’s insurers can collaborate not just for the benefit of the local economy but for the entire nation, an industry veteran has said. At the South China Morning Post’s China Conference, themed “Intelligence at Scale: Hong Kong’s…
NAJAF, July 7 (Reuters) – The coffin of Iran’s slain Supreme Leader Ayatollah Ali Khamenei arrived in Iraq’s holy city of Najaf on Tuesday after funeral ceremonies in Iran, bringing a multi-day procession to one of Shi’ite Islam’s most sacred sites following the leader’s death in a February 28 U.S.-Israeli strike. Iraqi Prime Minister Ali…
Despite US objections, ambassador insists new fees to be charged to vessels transiting Strait of Hormuz. Published On 5 Jul 20265 Jul 2026 Iran’s ambassador to China says ships transiting the Strait of Hormuz would be charged new fees but added that China and other “friendly” countries would be granted “special considerations”. An initial deal signed…
Hong Kong flag carrier Cathay Pacific Airways will resume Middle East passenger flights in September, six months after suspending services due to the war. The airline said on Thursday it would progressively restore passenger and cargo operations, starting with freighter flights to Riyadh, Saudi Arabia, from August 1. Daily passenger flights to Dubai in the…
Customers with one of Hong Kong’s top energy firms have been forced to bear the brunt of steeper supply costs after the conflict in the Middle East cut off gas from Qatar earlier this year, the company’s CEO has said. HK Electric’s Francis Cheng Cho-ying said on Sunday that the firm had not received any…
In the first of a two-part series on the economy as Hong Kong marks 29 years since its return to Chinese rule, Denise Tsang and Vivian Au look at efforts at transformation, including the city’s bet on the Northern Metropolis, and the challenges ahead. Molly Lam lives alone in a public housing flat in Tsuen…
HK Electric has announced a nearly 34 per cent rise in its fuel charge, after a double-digit increase last month, as the war in the Middle East contributed to a “significant rise” in global fuel prices. The utility, which mainly serves Hong Kong Island and Lamma Island, also warned on Thursday that the charge was…
VIENNA, June 24 (Reuters) – The U.N. nuclear watchdog will carry out inspections in Iran soon following an interim peace accord between the United States and Iran, but modalities have yet to be finalised, the agency’s chief Rafael Grossi said on Wednesday. The two sides signed a 14-point memorandum of understanding last week setting out…
Hong Kong flag carrier Cathay Pacific Airways will lower fuel surcharges on most passenger flights for the second time in less than two months, with the revised rates taking effect from July 1 as fuel costs ease from highs triggered by the Middle East war. Under the new rates announced on Tuesday, passengers departing from…
DUBAI, June 17 (Reuters) – Iran and the United States will end fighting on all fronts, per MoU details published by Iran’s official IRNA news agency on Wednesday, adding both countries to end naval blockades in the region. Iran’s official news agency released details of the deal planned to be signed on Friday, shortly after…