Saudi Arabia executed more than 100 foreign nationals this year, AFP reported. The latest execution was of a Yemeni national convicted of smuggling drugs into the Middle East kingdom. Over 100 foreigners have been killed by Saudi Arabia this year, marking an unprecedented increase in the number of executions.(HT File) With this, a total of…
China started marketing dollar bonds in Saudi Arabia, marking the country’s first debt sale in the US currency since 2021. It’s offering the three-year and five-year securities with initial price guidance of about 25 basis points and 30 basis points over the respective US Treasury yields, according to people familiar with the matter. The Ministry…
Weak demand in China will lead to lower supply from the world’s top crude exporter, Saudi Arabia, to the world’s largest crude importer in December, trading sources told Reuters on Monday. The drop in Saudi supply would come despite the fact that the Kingdom has reduced its official selling prices (OSPs) for crude loading in…
The election of Donald Trump – a felon and climate crisis denier – as president of the United States comes as a stroke of bitter irony after recent floods exacerbated by global warming smashed parts of the southeast US – Hurricane Milton alone is likely to cost up to US$50 billion – and given the…
Hong Kong’s exchange-traded fund (ETF) market is logging a record year thanks to the recent market rally, expanded inclusion in the cross-border Stock Connect programme and a series of new products, including Asia’s first pegged to virtual assets. Net fund flows of Hong Kong’s exchange-traded product (ETP) market, which includes ETFs and leveraged and inverse…
China’s newest stealth fighter is expected to be officially unveiled at a major air show this month, announcing its entry into service. Yue Gang, a retired colonel, said it was “very likely” that the plane would be officially unveiled at the show in Zhuhai in the southern province of Guangdong. The state-owned Aviation Industry Corporation…
Hong Kong has embarked on ambitious plans to build itself up as a centre for hi-tech and innovation in Asia. It has also been casting its net wider for diverse markets to partner with for trade and business owing to geopolitical tensions between China and the West. A new partnership between the city’s leading technology…
Hong Kong secured billions of dollars in financial commitment from Saudi Arabia after one of the city’s biggest business delegations to the kingdom sealed almost a dozen deals for start-ups and collaboration accords over three days. The highlight of the week was the US$1 billion accord announced on the final day of the 2024 FII…
Hong Kong secured billions of dollars in financial commitment from Saudi Arabia after one of the city’s biggest business delegations to the kingdom sealed almost a dozen deals for start-ups and collaboration accords over three days. Two days earlier, the Saudi incubator agreed to let start-ups at the Hong Kong Science and Technology Park (HKSTP)…