Saudi Arabia Tag

15 Apr Saudi delegation visits mainland cities, Hong Kong to tout megalopolis Neom and ‘The Line’ city, seek collaboration

Posted at 12:30h in Asia

A delegation from Saudi Arabia has begun a seven-day visit to major Chinese cities including Beijing, Shanghai, Hong Kong, and Shenzhen to promote and seek potential partners for its ambitious urban project, Neom.The trip will feature closed-door forums where notable figures such as Beijing’s mayor...

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07 Apr Who’s the new Nvidia? Wall Street hunts for next wave of AI winners beyond the US

Posted at 15:20h in Asia

At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia’s stock, investors are pointing toward emerging markets for better value and a bigger pool of options. Source link ...

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26 Feb Huawei’s cloud unit banks on booming AI demand with global footprint expansion in Europe and Middle East

Posted at 06:00h in Asia

The cloud unit of Chinese telecommunications equipment giant Huawei Technologies is wooing overseas industry clients and expanding its global footprint with new data centres, banking on the explosive demand for generative artificial intelligence (AI), despite US sanctions.Huawei is planning to open a new local cloud...

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21 Feb Saudi Arabia’s US$100 billion investment firm Alat piles into SoftBank and Dahua Technology

Posted at 09:16h in Asia

Saudi Arabia’s new US$100 billion investment firm announced a string of deals Tuesday, including partnerships with SoftBank Group and a Chinese surveillance equipment maker to set up local manufacturing facilities, as part of the kingdom’s efforts to transform itself into an industrial powerhouse.The new vehicle,...

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20 Feb There is ‘real excitement’ among global investors about Saudi capital market, Riyadh forum is told

Posted at 12:30h in Asia

Saudi Arabia’s capital market is very attractive in the eyes of global investors, and the kingdom’s authorities are pushing for more regulation to enhance the market’s accessibility and stability, with the aim of boosting confidence and to attract further international capital inflows, said panellists at...

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19 Feb Chinese EV maker Human Horizons suspends manufacture of luxury HiPhi brand for 6 months as market competition intensifies

Posted at 12:38h in Asia

The Shanghai-based company told its employees on Sunday that it was implementing a six-month suspension of its luxury HiPhi brand, effective immediately, according to local financial media outlet Jiemian.Human Horizons declined to comment when contacted by the Post on Monday.Two sources with knowledge of the...

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18 Feb Saudi Arabian conglomerate Ajlan eyes ‘mega deals’ with Chinese companies in tech, new energy, petrochemical sectors

Posted at 06:00h in Asia

Ajlan & Bros Holding Group, a private conglomerate headquartered in Riyadh, Saudi Arabia, is targeting “mega deals” reaching over US$1 billion in value with companies in China’s petrochemicals, new energy, and technology sectors in 2024.The company aims to make strategic investments by acquiring equity...

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24 Jan Asian Financial Forum: Hong Kong and Saudi Arabia agree to deepen collaboration between their financial markets on first day of annual event’s 17th edition

Posted at 06:30h in Asia

“This collaboration marks a significant stride in solidifying Hong Kong’s position as a leading international financial centre,” Laurence Li, the FSDC’s chairman, said during the opening ceremony of AFF.The two-day conference, which brings together hundreds of leaders from the government, finance and business communities,...

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22 Jan Saudi Arabia’s Sabic gives its go-ahead for building US$6.4 billion ethylene plant in Fujian

Posted at 08:53h in Asia

Saudi Basic Industries Corporation (Sabic) will go ahead with building a petrochemical complex in southeastern China’s Fujian province, the company said in an exchange filing on Sunday, shoring up Saudi ties with China, the world’s top oil importer.The project, expected to cost around US$6.4...

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15 Jan Middle East investments in China to bloom in amount, scope in 2024 as sovereign wealth funds aim to diversify: bankers

Posted at 09:15h in Asia

Saudi Crown Prince Mohammed bin Salman (right) welcomes Chinese President Xi Jinping in Riyadh on December 8, 2022. Photo: AFP“Middle Eastern sovereign wealth funds see opportunities in the attractive valuations of Chinese companies at the moment, and in the medium to long-term they are also...

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