Funds raised in Hong Kong reached nearly HK$275 billion (US$35.4 billion) from 106 initial public offerings (IPO) as of December 12, helping the city become the world’s top listing venue, the stock exchange operator said in a year-end review. “2025 has been a year of momentum – global investors returned with conviction, and innovation from…
China’s message to Saudi Arabia has become unusually explicit: Beijing is prepared to be Riyadh’s most reliable and trusted partner in national development. This statement, made by Chinese Foreign Minister Wang Yi during his meeting with Crown Prince Mohammed bin Salman, should not be dismissed as routine diplomatic rhetoric. Rather, it reflects a carefully calibrated…
We should call it the “Neom factor”: the force that transforms reasonable aggressive ambition into hallucinogenic fantasyland. It glared out at me last week in a Financial Times headline: “Three ‘Heathrows’ of growth: the unstoppable rise of Middle East airports”. In short, Dubai, Istanbul, Riyadh, Doha and Abu Dhabi in aggregate have airport expansion plans…
Hong Kong’s financial identity is entering a new chapter, shaped as much by strategic alignment as capital flows. By co-launching a US$1 billion investment fund with Saudi Arabia’s Public Investment Fund (PIF), the city is taking one of its most assertive steps yet to redefine Hong Kong’s financial identity in a rapidly changing global economy….
China’s aerospace manufacturers have become a growing presence at overseas air shows as the country seeks to expand its arms sales abroad, bolstered by technological advances in the defence and aviation industries. More than 1,500 companies took part in this year’s Dubai Airshow, the largest such show in the Middle East. They included around 80…
Hong Kong enterprises have “high hopes” that a visit to Saudi Arabia as part of a high-powered delegation led by the city’s finance chief will help strengthen ties with the country and expand their business in the Middle East. Financial Secretary Paul Chan Mo-po will depart for Riyadh on Monday to attend the 9th Future…
However, it also poses a dilemma for China, which has strong relations with both countries, including a long-standing collaboration with Riyadh on its civilian nuclear programme. Analysts suggested Beijing would not wish this nuclear partnership to develop further to avoid provoking the US or giving the impression it was encouraging nuclear proliferation. When asked whether…
As it recovers from the Covid-19 pandemic, Hong Kong desperately needs new trading partners and new markets. The government has been building bridges to the Arab world, and in particular, Saudi Arabia. Chief Executive John Lee Ka-chiu, Financial Secretary Paul Chan Mo-po and West Kowloon Cultural District CEO Betty Fung Ching Suk-yee have led delegations…
(Reuters) -Humain, Saudi Arabia’s new artificial intelligence company, has begun construction of its first data centers in the kingdom, and plans to bring them online in early 2026 using semiconductors imported from the U.S., Bloomberg News reported on Monday. Locations in Riyadh, Saudi Arabia’s capital, and Dammam, in the Eastern Province, are expected to launch…
For football fans who travelled from the Middle East to watch this week’s Saudi Super Cup in Hong Kong, it was about much more than star individuals such as Cristiano Ronaldo and Karim Benzema. Whereas most of the Chinese spectators the Post spoke to were attending purely to see Al-Nassr captain Ronaldo, and to a…