Friday , 23 February 2018

Tag Archives: China

UAE stands to be a big winner from China’s $900bln Belt & Road plan – report

By: Michael Fahy, ZAWYA Ancient trade routes from China through central Asia by rail (Belt) and to Africa and beyond by sea. The United Arab Emirates has been ranked as third in a global index of nations that stand to benefit most from China’s Belt and Road Initiative, according to a new report released on Tuesday by property consultancy Knight …

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China’s Legend strikes $1.8bln deal to buy Luxembourg’s BIL bank from Qatari investors

China’s Legend Holdings struck a deal on Friday to buy a 90 percent stake in Banque Internationale a Luxembourg (BIL) from Qatar’s royal family for 1.48 billion euros ($1.76 billion), marking its biggest overseas acquisition. Legend, owner of computer group Lenovo Group Ltd , is acquiring 161-year-old BIL from Precision Capital, an investment vehicle of Qatar royal family members including …

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China’s ICBC in talks with Gulf governments, firms on yuan bonds

Industrial and Commercial Bank of China is talking to governments and state-linked entities in the Gulf that are interested in issuing yuan-denominated bonds in China, said an executive at ICBC, China’s largest bank. One government entity is in the process of applying to issue such instruments, known as panda bonds, which would make it the first issuer from the Middle …

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Chinese firms to invest $300mln in Abu Dhabi

Five Chinese companies will start operations in Abu Dhabi’s industrial zone with an initial investment of $300 million in a boost for the oil-rich emirate’s economic diversification plans. The companies, from Jiangsu province on China’s east coast, are involved in sectors ranging from power and metals to natural resources and banking, Abu Dhabi officials said. Chinese companies are increasingly seizing …

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Abu Dhabi Global Market and China’s Qianhai Authority partner to promote investment and FinTech cooperation

The Financial Services Regulatory Authority, FSRA, of Abu Dhabi Global Market, ADGM, and the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, Qianhai Authority, have entered into a new partnership to develop and promote closer investment and financial innovation opportunities and collaborations for enterprises in Qianhai, Hong Kong and Abu Dhabi. In support of China’s One Belt One …

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China to build modern international road transport system by 2020

China will build an open, modern and efficient international road system by 2020 to facilitate international transport and strengthen connectivity among countries along the Belt and Road. China will advance transport infrastructure construction along the Belt and Road, improve customs clearance efficiency and strengthen emergency rescue capabilities to facilitate international transport, according to a circular jointly released by eight central …

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Qatar and China will strengthen strategic relationship

Qatar organized “Made in China” exhibition at Doha Exhibition and Convention Centre going to be held on 15th to 18th November 2016. The exhibition was attended by H.E. the Deputy Prime Minister of Qatar, Minister of State for Cabinet Affairs, H.E. the Qatar Central Bank Governor, Qatar Chamber Chairman and other dignitaries from corporates and banks in Qatar. The Deputy …

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Dubai Chamber opens 7th international office in China

Opening of representative office in Shanghai is part of Chamber’s strategy to expand its footprint in promising markets H.E. Al Shirawi: China office will strengthen the emirate’s status as a global trade hub and attractive investment destination Dubai, UAE: As part of its strategy to reach out to promising markets and promote Dubai as a global business and trade hub, …

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Gulf Navigation Holding expands its fleet in partnership with China’s Wuchang Ship Heavy Industry Group

Gulf Navigation Holding PJSC is expanding the company’s fleet through a strategic long-term partnership with Wuchang Group, China’s heavy industry giant. The decision was made at Gulf Navigation Holding’s latest board meeting. The move aims to meet the increasing demand for transferring chemicals from the UAE and other GCC countries to global markets. The signing ceremony occurred during the Maritime …

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Meet China Event Strengthens Economic Ties Between China and the UAE

Attending Chinese travel buyers also receive news of visa-on-arrival policy. Abu Dhabi: The 2016 edition of the Meet China forum – organised by npimedia in collaboration with Highway Tourism – is underway in Abu Dhabi. The only United Arab Emirates B2B event focused on the world number one outbound market, Meet China has brought a 75-strong group of Chinese travel …

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