China Delivers First Batch of Military Aid to Afghanistan
July 03, 2016
- Afghanistan has received its first batch of Chinese military equipment as part of Beijing’s commitment to provide millions of dollars of assistance to help Kabul fight terrorism. The shipment on board a Russian cargo plane arrived Sunday in Kabul where Chinese Ambassador Yao Jing handed it over to Afghan National Security Advisor Hanif Atmar.
China, Arab world agree to take belt and road initiative as lodestar for bilateral ties
- Chinese Foreign Minister Wang Yi said here Thursday that both China and the Arab world agree to take the Belt and Road Initiative as the lodestar to promote their relations. Wang made the remarks at a joint press conference with Arab League Secretary-General Nabil al-Araby and Qatari foreign minister Sheikh Mohammed Bin Abdulrahman Bin Jassim Al-Thani after the 7th Ministerial Meeting of China-Arab Cooperation Forum.
Arab Nations Back China’s Stance on Resolving Maritime Disputes
- The Arab nations at a cooperation forum with China said here Thursday that they support Beijing for its efforts to settle territorial and maritime disputes through talks. In a statement issued at the 7th Ministerial Meeting of China-Arab Cooperation Forum, the participating Arab countries said they support China’s efforts to peacefully resolve territorial and maritime differences with certain nations through friendly dialogues and negotiations.
China is seeking deeper military ties with Afghanistan
Apr. 21, 2016
- China wants to have deeper military ties with Afghanistan, including counter-terrorism intelligence cooperation and joint drills, a senior Chinese officer told a visiting Afghan envoy. China is working with Pakistan and the United States to broker peace talks to end a Taliban insurgency that has raged for 15 years in Afghanistan, but last month the militants refused to take part.
China Moves Closer to Afghan Security Role
April 11, 2016
- As China watches Afghan peace talks founder and Islamic militants make inroads in parts of its troubled neighbor, Beijing is taking its most concrete steps yet toward assuming a direct security role in the country. In recent weeks China has pledged $70 million in military aid to Afghanistan and proposed a four-nation security bloc including Pakistan and Tajikistan. The partnership — floated by top Chinese General Fang Fenghui and endorsed by Afghan President Ashraf Ghani in Kabul last month — would see China help coordinate efforts to fight terrorism on its backdoor.
Russia, China, Iran will rebuild Syria: Al Assad
March 30, 2016
- The brutal five-year conflict in Syria has cost the country over $200 billion (176 billion euros), President Bashar Al Assad said in an interview released Wednesday, insisting Damascus would look to Russia, China and Iran to rebuild the nation. “Of course we expect that this process will be based on three main countries that supported Syria during this crisis – Russia, China and Iran,” Al Assad said.
Egypt Signs Education, Science Cooperation Agreements with China
March 28, 2016
- Egypt and China inked five memoranda of understanding in the fields of education and scientific research on Sunday in the presence of Egyptian Prime Minister Sherif Ismail, Chinese Deputy Prime Minister Liu Yandong and other representatives from the two governments, according to the private daily al-Masry al-Youm.
China’s Saudi crude oil imports in Feb hit near record high
Mar 21, 2016
- China’s monthly oil imports from Saudi Arabia hit their second highest level on record in February, while arrivals from Russia also surged, as weak crude prices prompted the world’s top energy consumer to bring in record high volumes last month. China’s total oil imports rose about 20 percent on year to the highest ever on a daily basis in February, when near 10-year low global oil prices drove buying from a group of new importers and for state and commercial stockpiling.
Afghanistan Welcomes Chinese Anti-terror Proposal
March 01, 2016
- China’s military chief General Fang Fenghui is in the Afghan capital, Kabul, talking to the Afghan leadership about a four-nation regional alliance against terrorism. China’s proposed anti-terror plan includes China, Pakistan, Afghanistan and Tajikistan. The three countries in the proposed alliance share borders with the western regions of China, where anti-Beijing sentiment is prevalent in the Muslim Uighur ethnic group.
China Likely To Invest $500 Million In Pakistan Renewable Energy Sector
February 23rd, 2016
- Pakistan expects $1 billion investment in its renewable energy sector this year with about half of it likely to come from China. The director of Pakistan’s Alternative Energy Development Board, Syed Aqeel Hussain Jafri, recently stated that China is expected to invest around $500 million to develop renewable energy projects in Pakistan. China will make the investments through the China-Pakistan Economic Corridor – a $45 billion agreement between the two countries to build infrastructure projects in the latter.
China’s hands-off style is winning friends in Iran, Israel, Egypt and beyond
10 February, 2016
- President Xi Jinping’s (習近平) “One Belt, One Road” vision is, according to Chinese media, an attempt to revive the pre-modern Silk Route, with the ancient city of Xian as its entry point. That vision was preceded in 2014 by Premier Li Keqiang’s ( 李克強 ) statement at the Boao Forum where he signalled China’s intent on “collectively forging Asia’s future development”. Chinese policymakers have since gone to great lengths to explain that “One Belt, One Road” is not a challenge to Western-led institutions like the World Bank but a means to bring regional stakeholders closer together, and diversify and augment credit sources, thereby averting political conflicts.
Sino-Egyptian Culture Year launched
- The Chinese Ministry of Culture and Egyptian Embassy in China jointly staged a press conference to launch the 2016 Sino-Egyptian Culture Year at the National Center for the Performing Arts in Beijing on Monday. Representatives from both governments, overseas students from Egypt in China, and media from both China and abroad attended.
Chinese admiral hails Pak-Sino military drill as reflection of strong ties
January 9, 2016
- Vice Admiral and Commander Pakistan Fleet Syed Arifullah Hussaini hailed the time-tested friendship between Pakistan and China as well as growing economic and military cooperation between the two countries. He made these comments at a joint press briefing along with Rear Admiral Yu Manjian, Commander Chinese Naval Task Group at Fleet Headquarters Karachi.
China, Pak naval ships complete drills in East China Sea
January 3, 2016
- The Chinese and Pakistani navies today concluded their two-day naval exercises in the East China Sea in which two ships each from both sides took part. This is the first time navies of both the countries conducted exercises in the East China Sea which separates China and Japan, official media here reported.
China-Iraq to elevate ties to strategic partnership
- China and Iraq have decided to elevate their ties to a strategic partnership. The news comes after a meeting between Chinese President Xi Jinping and visiting Iraqi Prime Minister Haider al-Abadi in downtown Beijing on Tuesday. Xi said China supports Iraq’s efforts in protecting its national independence and sovereignty. He said China is willing to deepen cooperation at different levels in all fields, including security.
Afghanistan to give China military equipment wish list
Mar 04 2016
- Afghanistan is preparing a wish list of military equipment for China to assist the Afghan national security forces, the defense officials have said. Deputy spokesman for the Ministry of Defense Mohammad Radmanish told RFE that a committee has been established to identify the needs of the Afghan forces.
Saudi Arabia is trying to steal Iran’s biggest oil customer: China
March 2, 2016
- Saudi shipments of oil into China jumped by 36% in February to the highest level in at least three years, according to ClipperData, a firm that tracks global crude shipments. The shipments accounted for a 75% increase in Chinese imports of Saudi crude from January. The timing of this shift is sure to raise eyebrows. China is the Number One customer of long time Saudi enemy Iran. And the oil sales are heating up even though the kingdom has called for global oil producers to “freeze” oil output at January levels.
Afghanistan urges China to support the Afghan Air Force
Feb 29 2016
- Amid efforts to expand the capabilities of the Afghan Air Force (AAF), the Afghan officials have urged China to step in to support the equipment process of the Afghan air power.
‘Let’s not talk politics’: China builds Middle East ties through business
February 20, 2016
- Fahd Ali Esmail owns Saba, the only Yemeni restaurant in Guangzhou. He went to China in 2001 at the age of 18, following his father, who had been working in the garment trade in Indonesia. Esmail spoke neither Chinese nor English then but picked up both as his family moved its fabric business to Guangzhou, then opened a restaurant in 2002. As China joined the World Trade Organization, Arab businessmen flooded into special economic zones like Guangzhou, ordering everything from lingerie to toothbrushes from Chinese factories to sell in the Middle East.
China will build a high temperature nuclear reactor for Saudi Arabia
February 06, 2016
- China and Saudi Arabia have signed a memorandum of understanding on the construction of a high-temperature gas-cooled reactor (HTR). It was one of 14 agreements and memoranda of understanding signed yesterday during a meeting in Riyadh of Chinese president Xi Jinping and Saudi’s Custodian of the Two Holy Mosques King Salman bin Abdulaziz. A demonstration HTR-PM unit is under construction at Shidaowan near Weihai city in China’s Shandong province. That plant will initially comprise twin HTR-PM reactor modules driving a single 210 MWe steam turbine. Construction started in late 2012 and it is scheduled to start commercial operation in late 2017.
UAE sees increasing use of Renminbi for China payments
January 28, 2016
- According to data from payment tracker SWIFT, the UAE and Qatar are the most active Middle East countries using the RMB for dealings with China and Hong Kong. In 2015, the UAE’s use of the RMB accounted for 74 per cent of payments by value to China and Hong Kong – up 52 per cent compared to 2014.
China Signs Investment Deals Worth Nearly $18B With Egypt
January 21, 2016
- China signed investment and aid deals worth billions of dollars with Egypt during a visit by President Xi Jinping on Thursday and expressed support for Cairo’s efforts to maintain stability, which have included a crackdown on dissent. Xi arrived in Egypt on Wednesday on the second leg of a Middle East tour that signals China’s push for greater influence in a region that provides vital oil supplies.
China, GCC vow to reach comprehensive FTA within 2016
January 20, 2016
- China and the Cooperation Council for the Arab States of the Gulf (GCC) are committed to working closely to conclude a comprehensive free trade agreement (FTA) within 2016, the two sides announced. In a joint press release, the Chinese ministry of commerce and the GCC Secretariat said the two sides resumed their FTA talks on Sunday and “substantively concluded in principle the negotiations on trade in goods” on Tuesday.
Great will of China wows Kingdom
20 January 2016
- Saudi Arabia and China signed 14 agreements here Tuesday focused on energy, culture and industrial cooperation, and pledged to build a strategic partnership for better bilateral ties, common development and peace and security in the world. The pledge came during wide-ranging talks between Custodian of the Two Holy Mosques King Salman and Chinese President Xi Jinping here at Al-Yamamah Palace. Hailing China as a special partner, King Salman said in his welcome speech that the challenges facing the world, particularly terrorism, require the international community to unite in countering it.
China issues Arab Policy Paper
- China has just issued a policy paper to outline its official vision for China-Arab ties. The “Arab Policy Paper” released Wednesday is the first of its kind. China sees energy cooperation as the major factor in its approach to the region. According to China’s “1 plus 2 plus 3” formula for China-Arab ties, energy cooperation will be the “core” of the relationship. Construction of infrastructure and facilitating trade and investment will be the “wings” supporting that core. The “3” refers to “three breakthroughs” a wish list for future cooperation in nuclear energy, new and clean energy, and aerospace. China’s “Belt and Road” initiative will serve as the framework for all these exchanges.
China says wants deeper defense, anti-terror ties with Arab world
Jan 13, 2016
- China wants to develop deeper defense and anti-terrorism ties with the Arab world, including joint exercises, intelligence sharing and training, the government said in a policy document released by the Foreign Ministry on Wednesday. While relying on the region for oil supplies, China has tended to leave Middle Eastern diplomacy to the other five permanent members of the U.N. Security Council – the United States, Britain, France and Russia.
UAE and China sign agreement on space research
December 28, 2015
- The UAE and China are set to expand their bilateral cooperation into space, thanks to the signing of a memorandum of understanding (MoU) in the field of peaceful space exploration. The agreement was signed during the visit of His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, to China earlier this month.
UAE-Sino bond is strong and steady
December 27, 2015
- Dr Amal Abdullah Al Qubaisi, Speaker of the Federal National Council (FNC), has received Chang Hua, Ambassador of China to the UAE, to discuss issues of common concern and examine ways of promoting bilateral relations between the two friendly countries. The pair discussed the UAE-Sino strong relations in the light of the recent visit to China by His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, during which a number of strategic agreements were signed by the two countries to increase trade, economic and cultural exchanges and promote cooperation in spheres like industry and investment.
UAE-China trade, investment ties at their best, analysts say
December 12, 2015
- UAE-China trade and investment ties are at their best and set to grow further. Dr Sultan Al Jaber, Minister of State said that the UAE looks to further expand its economic relations with China, particularly as a founding partner of the Asian Investment and Infrastructure Bank, AIIB, and in the context of China’s “One Belt, One Road” strategy.
‘UAE key player in China’s Silk Road initiative’
December 6, 2015
- The UAE is a key player in the success of China’s “One Belt, One Road” initiative as the Gulf country is the largest and most developed import-export hub in the region as well as China’s largest trade partner in the GCC. The Chinese initiative launched by President Xi Jinping aims to re-establish the old Silk Road trade route both on land and on sea. According to David Wang, managing director of MIE Events JLT, the organisers behind China Trade Week, the UAE presents various opportunities for China to grow its political, commercial, and cultural ties even further in the region.
China, Arab States to promote tech transfer
- A trade exhibition brought together Chinese and Arab leaders in science, technology, and industry this week to cooperate on the transfer of technology. During the China-Arab States Expo, which concluded Sunday, China established “a technology transfer center” in its northwestern Ningxia Hui Autonomous Region to “facilitate collaborative innovation” with Arab countries. A total of 11 bilateral agreements were signed during the expo for the transfer of satellite, telecommunications and agricultural technologies. Cooperation in other fields is under discussion.
163 deals inked at China-Arab States Expo
Sep 12, 2015
- A total of 163 deals worth nearly 27 billion U.S. dollars have been signed at the ongoing China-Arab States Expo in northwestern Ningxia Hui Autonomous Region. Inked on Friday, the agreements involve halal food and agriculture, new materials, equipment manufacture, medical care and pharmaceuticals, energy and chemicals, industrial park construction, housing, textiles, and services. Eighty-six agreements were signed between China and foreign countries or regions with a combined value of 16.6 billion dollars, of which 60 were signed with Arab countries with a total value of about 12 billion dollars.
Bahrain, Chinese firm ink e-commerce deal
September 12, 2015
- The Bahrain Technology Companies Society (BTech) has signed an agreement with a Chinese Association to make Bahrain a center for development of e-commerce projects in the region and enhance its role as a global hub for trade and services. The agreement was signed on the sidelines of BTech’s participation in the 17th edition of the China International Fair for Investment and Trade (CIFIT) held last week in China.
China, Arab States to explore cooperation
- State leaders, government officials and corporate executives on Thursday gathered for a four-day expo to seek cooperation opportunities in northwest China’s Ningxia Hui Autonomous Region. The second China-Arab States Expo, a platform to promote ties between China and Middle Eastern countries, kicked off in Yinchuan, capital of Ningxia, home to more than 10 percent of China’s 20 million Muslims. The event will feature trade fairs and seminars on e-commerce, new energy, agriculture, education, tourism and medical care. Domestic and foreign attendees will share ideas and try to strike deals.
China, Jordan announce strategic partnership
- Chinese President Xi Jinping and Jordanian King Abdullah II Bin Al-Hussein have signed a joint statement on the establishment of a strategic partnership between the two countries. “The decision to set up the strategic partnership is an important milestone for our relationship,” Xi said as he met with King Abdullah ahead of the signing ceremony at the Great Hall of the People. According to the statement, China and Jordan will hold regular consultations on international and regional affairs of concern to both to reach greater understanding and enhance mutual trust.
The UAE and China’s Thriving Partnership
19 Jul 2015
- Throughout the 21st century, China’s ties with the Gulf Cooperation Council (GCC) have strengthened in various domains. China and the UAE’s growing relationship is a case in point. Since Beijing and Abu Dhabi established a diplomatic partnership in 1984, China and the UAE have become major economic partners and the bilateral relationship is well poised to flourish in the future. China Daily recently reported that China-UAE trade is expected to reach USD 16 billion in 2015, making China the UAE’s second biggest import partner behind India. At the same time, the UAE is responsible for one-third of China-GCC trade and one-fifth of Sino-Arab trade. China exports primarily electronic appliances, mechanical tools, and devices; the UAE exports mainly copper, plastic, and iron.
China, Qatar, and RMB Internationalization
June 06, 2015
- China established a renminbi clearing center in Qatar in April. The center is the first in the Middle East to offer local financial institutions access to Chinese renminbi and foreign exchange markets. It also aims to facilitate greater cross-border use of the RMB and increase opportunities to expand trade investment between Beijing, Doha, and the wider region. The initiative is another step by the Chinese government towards its goal of becoming a major economic player in the region and beyond.
Home from home: Luring the Chinese to the UAE
16 May 2015
- Have you noticed anything different about UAE hotels lately? Perhaps the noodle soups at breakfast or the regular availability of tea. Maybe you’ve seen more Chinese staff than usual or flicked through a Mandarin television channel in your room. UAE hotels are becoming increasingly ‘Chinese ready’. That is, ready to welcome arguably the most important emerging travel market. Why? Because it makes sense to their bottom line.
China-UAE trade to hit 100 bln USD in 2015: association
- BEIJING, May 10 (Xinhua) — Bilateral trade between China and the United Arab Emirates (UAE) will reach 100 billion yuan (around 16 billion U.S. dollars) this year, nearly double 2014, a Chinese association predicted. The two sides have seen average annual growth of around 35 percent in the past decade and the goal of 100 billion yuan is achievable this year, said the Chinese People’s Association for Friendship with Foreign Countries during its “Dubai Week in China” on Sunday.
Dubai off to China to boost trade ties
10 May 2015
- Beijing — The inaugural Dubai Week in China will highlight thriving bilateral ties and opportunities for Chinese investors across business, tourism, culture and lifestyle industries in the emirate. “Dubai Week in China is a place to meet and foster friendships, a platform to stimulate greater levels of understanding and discuss new opportunities which will bring us closer and strengthen economic and cultural ties,” said Reem Ibrahim Al Hashemi, UAE Minister of State and honorary president of Falcon and Associates, which is helping to organise the event.
Saudi Arabia ready to supply any additional China oil demand: SPA
Apr. 27, 2015
- KHOBAR, Saudi Arabia: Saudi Arabia’s Oil Minister Ali al-Naimi told officials in Beijing the kingdom was ready to supply China with additional oil if required, the Saudi Press Agency said Monday. Naimi met with Nur Bekri, the head of China’s National Energy Administration, SPA said.
Qatar launches first Chinese yuan clearing hub in Middle East
17 April 2015
- Qatar has opened the Middle East’s first centre for clearing transactions in the Chinese yuan, saying it would boost trade and investment between China and Gulf Arab economies. “The launch of the region’s first renminbi clearing center in Doha creates the necessary platform to realise the full potential of Qatar and the region’s trade relationship with China,” Qatar’s central bank governor Sheikh Abdullah bin Saud al-Thani said at a ceremony.
UAE can play unique role in China-proposed ‘Belt and Road’ initiatives
- The United Arab Emirates (UAE) has recently joined the Beijing-championed Asia Infrastructure Investment Bank (AIIB) as a founding member. The Gulf Arab state has also been trying to play a unique role in China’s “Belt and Road” initiatives by expanding its industrial free zones and markets. Dubai, rich in business hubs like ports, airports and industrial free zone, is considered the gateway to global trade of UAE’s seven sheikhdoms. For years, UAE has been the largest export market for China in the North Africa and West Asia region.
Qatar and China sign $8bn infrastructure deals in ’14
8 April 2015
- China has expanded co-operation for project contracting with Qatar in 2014 by signing more than $8bn worth of contracts in various infrastructure projects, an official of the Chinese Embassy’s Economic and Commercial Office (ECO) said. ECO head Cui Bin said Chinese companies participating in these projects are involved in Qatar’s civil construction works and the building of roads, bridges, ports, and telecommunications infrastructure.
Saudi Arabia eyes boosting oil supplies to China
March 25, 2015
- Saudi Arabia’s state-owned oil company, Saudi Aramco, aims to increase supplies to China. It sees big opportunities in Beijing’s efforts to restructure the country’s economic growth model and believes supplies could double at some point. Saudi Aramco, China’s largest crude oil supplier, has an over 10 percent market share and expects its Chinese operations to grow with Chinese demand, Saudi Aramco president and CEO Khalid Al-Falih said in an exclusive interview to Beijing-based media group Caixin on Monday.
China overtakes India as Dubai’s largest trade partner
March 23, 2015
- Dubai: Dubai’s foreign trade with China increased by 29 per cent year-on-year to Dh175 billion in 2014, according a statement released by the Dubai government on Monday. The Dh175 billion in trade made China the emirate’s largest trade partner, a position held by India in 2013. Trade between Dubai and India, now the emirate’s second largest trading partner, dipped to Dh109 billion in 2014 from Dh137 billion in 2013.
Dubai to stage major Beijing show in bid to boost China trade links
18 March 2015
- Dubai will stage a seven-day interactive exhibition in Beijing in May in a bid to boost its trade with China which rose to more than $34 billion in the first nine months of last year. Ties between China and the UAE continue to grow, driven partly by Dubai’s 200,000-strong Chinese community as well as the surge in trade which soared by 27 percent, moving China ahead of India to become the emirate’s number one trade partner.
Yuan settlement gains popularity in Gulf region
- With Chinese currency the yuan, also known as the renminbi, enjoying rising acceptance, banks and enterprises in the Gulf Arab region are seeking ways to catalyze the growing demand for conducting trade with the currency. “By the end of 2014, the yuan has become the world’s seventh largest payment currency and the ninth largest trading currency,” Tian Jun, general manager of Abu Dhabi branch of Bank of China, said at a one-day seminar on Thursday.
China tops Dubai’s list of foreign trade partners
December 27, 2014
- Dubai: Dubai’s foreign trade scored steady growth in the first nine months of 2014 with top trading partners, according to a release by Dubai Customs on Saturday. China was Dubai’s top foreign trade partner during the first nine months of the year, with a trade value of Dh126 billion, up 27 per cent on the same period as last year. It was followed by India with Dh80 billion, the USA with Dh61 billion, and Saudi Arabia is in fourth position globally (but first among Arab countries) with Dh40 billion. Dubai-Germany trade was up 25 per cent at Dh32.5 billion, while trading with Japan grew 13 per cent with a value of Dh31 billion.
China central bank signs $6 bln currency swap with Qatar
Nov 3, 2014
- Nov 3 (Reuters) – China’s central bank has signed a 35 billion yuan ($5.7 billion) currency swap deal with its Qatari counterpart, in a step towards expanding use of the Chinese yuan in a region long dominated by the U.S. dollar. The deal is expected to allow the two central banks to swap currencies if needed to ease trade and investment. Qatari investment institutions will now also get the right to invest up to 30 billion yuan in mainland Chinese securities, including stocks, bonds and bills, the People’s Bank of China said in a statement on Monday.
Bahrain strengthens trade ties with China
November 02, 2014
- MANAMA: A high-level Bahrain business delegation has concluded a successful 10-day visit to China and Hong Kong during which 13 memoranda of understanding (MoUs) were signed with Chinese businesses and trade organisations to strengthen economic and trade ties. The delegation was led by Transportation Minister and Economic Development Board acting chief executive Kamal Ahmed. The visit was aimed at further enhancing bilateral trade relations with China, valued at around $1.7 billion (excluding crude oil).
GCC keen on boosting partnership with China – FM
- NEW YORK, Sept 26 (KUNA) — Kuwait’s First Deputy Prime Minster and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah affirmed the desire of the Gulf Cooperation Council (GCC) countries to boost cooperation and partnership with China. The GCC-China unprecedented levels of cooperation featured heavily in two main aspects – skyrocketing trade volume and joint investment, and the collective efforts to promote stability and development on the regional and international scales, he said.
Saudi Arabia admits to purchase of Chinese DF-21 missile
- Saudi Arabia purchased DF-21 ballistic missiles from China to defend Mecca and Medina, said Dr. Anwar Eshqi, a retired major general and advisor to the joint military council of Saudi Arabia, during a press conference. “Saudi military did indeed receive DF-21 missiles from China and the integration of the missiles, including a full maintenance check and upgraded facilities, is complete,” said Eshqi as cited in the state-run newspaper OKAZ. In addition to defending two holy cities of Islam, the DF-21 will also be used to form a protective umbrella to defend Saudi Arbia’s allies over the Persian Gulf, he added, indicating that the missiles are not for offensive attacks.
China to buy a larger share of GCC’s exports
1 September 2014
- China’s future depends on the capacity of the Gulf Cooperation Council (GCC) to provide a steady flow of oil for the next decades, and the Gulf countries will not find an similar source of rising demand in the years to come. The deal announced in mid-August between Kuwait Petroleum Corp. (KPC) and China’s Sinopec to double the amount of daily exports constitutes a clear step in this direction.
China set to become Gulf biggest importer
1 September 2014
- The relationship between China and the Gulf countries can only go one way. China’s future depends on the capacity of the Gulf Cooperation Council (GCC) to provide a steady flow of oil for the next decades, and the Gulf countries will not find a similar source of rising demand in the years to come, Asiya Investments, an investment firm investing in Emerging Asia, said in its latest weekly analysis. The deal announced in mid-August between Kuwait Petroleum Corp (KPC) and China’s Sinopec to double the amount of daily exports constitutes a clear step in this direction.
Oman crude exports to China continue to surge
- (MENAFN – Muscat Daily) Oman’s crude oil exports to China have continued to soar amid the economic giant’s rising demand for energy and its increasing reliance on Middle Eastern oil supplies. The sultanate’s oil exports to China jumped 17.7 per cent to 100.9mn barrels in the first half of 2014 from a year ago. China accounted for 70 per cent of Oman’s oil exports and 60 per cent of its total production during the period latest statistics of the National Center for Statistics and Information (NCSI) showed.
Kuwait to boost oil exports to China to 500,000 bpd in three years- KUNA
Aug 23, 2014
- DUBAI Aug 23 (Reuters) – Kuwait plans to increase the volume of crude oil exports to China to 500,000 barrels a day (bpd) in three years, an executive at the state-run Kuwait Petroleum Corporation (KPC) said Saturday. On Monday, Kuwait concluded a new 10-year deal with a China’s Sinopec Corp to nearly double its supplies by offering to ship the oil and sell it on a more competitive cost-and-freight basis.
Saudi Arabia, China sign nuclear and renewable energy agreement
10 Aug, 2014
- Riyadh, Asharq Al-Awsat—Saudi Arabia and China have signed an agreement to boost cooperation in the production and peaceful use of nuclear and renewable energy, as the Kingdom seeks to reduce its dependence on hydrocarbons and bolster its ties with the world’s second-biggest economy. The memorandum of understanding (MoU) was signed on Saturday in the Chinese capital Beijing between the King Abdullah City for Atomic and Renewable Energy (K.A.CARE) and the Chinese National Nuclear Corporation (CNNC), the country’s state-owned nuclear energy company.
China reduces exposure to GCC imports
21 July 2014
- The trade relationship between China and the Gulf Cooperation Council (GCC) countries is buoyant, not only on oil trade, but in other sectors as well, according to a report prepared by Jordi Rof and Mahmoud Galal, both economists at Asiya Investment, an investment firm investing in emerging Asia. “China is the world’s highest energy consumer, and continues to rely on GCC countries for a large chunk of its oil supplies. Interestingly, in 2014, in line with the deceleration in China’s imports growth, the share of imports from GCC countries is also narrowing,” the report said.
China overtaking U.S. as Gulf states’ top economic partner
June 25th, 2014
- ABU DHABI — China and the Gulf Cooperation Council have pledged to form a strategic alliance. Officials said Beijing planned to significantly increase investment in the six-member GCC. They said China was replacing the United States as the leading economic partner of the Middle East.
Egyptian Ambassador: we need more support from China
- BEIJING, June 5 (Xinhuanet) — Egypt was in need of more support from China, the Egyptian Ambassador to China Mr. Magdy Amer said Thursday at the sideline of the opening ceremony of the sixth ministerial conference of the China-Arab States Cooperation Forum (CASCF) in Beijing. “We have heard of lots of voices,” said Mr. Magdy Amer, “But actually, Egypt and other Arabian countries are in need of infrastructure and investment support from China.”
Xi calls for win-win China-Arab cooperation
- BEIJING, June 5 (Xinhua) — Chinese President Xi Jinping on Thursday urged win-win cooperation between China and Arab states to promote the “spirit of the Silk Road.” Xi made the remarks in his address at the opening ceremony of the sixth ministerial conference of the China-Arab States Cooperation Forum (CASCF) held in Beijing, which called on the two sides to carry forward the Silk Road spirit and deepen their cooperation.
GCC scripts closer strategic equation with China
June 11, 2014
- China is steadfastly making progress in its quest to make its economic achievements count in international relationships, so much so it is likely to surpass traditional powers such as the US and the EU. Within a matter of years, China has risen to be the world’s second largest economic power. It also managed in the past year to be the world’s largest car market. Recently, China has outstripped the US as the major investor in the Middle East. Expectations are that economic relations between China and the UAE will develop further, and specifically in Dubai within construction, transport and banking services.
Arab monarchies eye stronger ties with China
December 25, 2013
- Riyadh (AFP) – The six energy-rich Arab monarchies of the Gulf are seeking to strengthen ties with China, Gulf Cooperation Council chief Abdullatif al-Zayani said Wednesday after talks with the Chinese foreign minister. Zayani held talks in Saudi Arabia with Chinese Foreign Minister Wang Yi and expressed “GCC interest in bolstering friendship and cooperation ties with China,” a GCC statement said.