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Houthi soldiers march during a military course, in Sana’a, Yemen, on Friday. Photo: EPA-EFE

Yemeni soldier kills 2 Saudi troops in rare insider attack amid US strikes

A soldier for Yemen’s exiled government opened fire on Saudi troops, killing two and wounding another, amid US air strikes around Sana’a.

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Hong Kong start-ups find warm welcome, big opportunities in Saudi Arabia

Chinese pharmaceutical companies look abroad for growth markets

MTR Lab backs AI start-up Ensonic in first mainland Chinese investment

Ensonic produces AI-based acoustic detection systems used for equipment quality control and maintenance.

The deal with Ensonic marks MTR Lab’s first investment in a mainland Chinese company. Photo: Edmond So

Why is China planning to issue US dollar bonds in Saudi Arabia?

The Ministry of Finance says it will sell up to US$2 billion of notes in Riyadh next week.

HKMA CEO: rising bad debts offset by stock rally and Middle East opportunities

‘The recent stock market rally may have the wealth effect that people who gain from the stock market will go shopping and dining,’ Eddie Yue says.

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Editorial | Saudi Arabian deals from new partnership promise rich rewards

Hong Kong officials’ mission to Riyadh clinches valuable finance for start-ups, sharing of hi-tech expertise and accord with US$1b investment fund.

HKSTP CEO Albert Wong Hak-keung (seated, right) signs the agreement with Beta Lab founder Abdulrahman Alolayan in Riyadh on October 29. Photo: Enoch Yiu

‘Not just talk’: Hong Kong secures billions in funds, deals at FII in Riyadh

The highlight of the week was the US$1 billion accord announced on the final day of the 2024 FII summit by the Saudi sovereign wealth fund and the HKMA.

Opinion | Combined China and US pressure could get warring sides to talk peace

The US may be leading peace efforts but it’s not delivering, while China is failing without leading.

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FII 2024: Hong Kong, Saudi Arabia to anchor US$1 billion investment fund

In addition, Hong Kong and Saudi market regulators announce a partnership to spur cross-border listings and training.

The deputy CEO of the Hong Kong Monetary Authority Darryl Chan (front left) and the head of the local real estate investments division of Saudi Arabia’s Public Investment Fund Aiman Almudaifer (front right), sign an agreement for a new investment fund in the presence of the Paul Chan, Hong Kong’s financial secretary (back left), and the governor of the PIF, H.E. Yasir Alrumayyan (back right). Photo: Handout

Exclusive | Hong Kong’s Cathay Pacific in talks to help Saudi carrier expand Asia routes

Talk of a partnership followed the bulk order of 60 Airbus A321neo aircraft, announced this week during the annual FII conference in the Saudi capital.

The delivery of a Boeing 787-9 aircraft with Riyadh Air’s livery at the King Khalid International Airport in Riyadh on June 12, 2023. Photo: Riyadh Air

Opinion | How the Middle East quagmire muddies Biden’s legacy

The Biden administration’s repeated missteps have dealt a big blow to US standing in the region and given Beijing an opportunity to exercise its global influence.

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Chinese electronics firm Hisense becomes first sponsor for Fifa’s Club World Cup

Hisense will receive Video Assistant Referee branding during expanded 32-team competition set to take place in the US from June 15 to July 13.

HKEX to open Saudi office next year to enhance market presence, connections

Move represents another effort to forge Middle East ties amid frayed China-US relations.

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The Connect Hall at HKEX’s headquarters in Central. Photo: Jonathan Wong

Saudi Arabia’s first ETF tracking Hong Kong stocks opens flat on Tadawul debut

Albilad ETF, which tracks 30 Hong Kong-listed sharia-compliant stocks, opened flat at the opening bell.

The listing ceremony of first ETF tracking Hong Kong stocks at the Saudi Stock Exchange on Wednesday. Photo: Enoch Yiu

TikTok CEO vows to earn global trust, as app challenges US ban

Chew Shou Zi calls earning local trust around the world “a big challenge” for TikTok at a summit in Riyadh.

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Hong Kong start-ups eye Middle East capital under new accord with venture fund

Start-ups with expertise in artificial intelligence, biotech and green energy can contribute to Saudi Arabia’s economic diversification agenda.

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Inclusive policies, flexible work rules spur gender diversity, Saudi summit told

Speakers at HERizon Summit in Riyadh included HSBC ex-CEO Noel Quinn, former HKEX chairman Laura Cha.

Noel Quinn, former HSBC CEO. Photo: Associated Press

Opinion | Brics is not anti-West, it just wants a fairer world order

In championing economic inclusivity and strategic autonomy, pioneering financial innovation and promoting peace, Brics is a force for good.

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Cathay’s Hong Kong-Riyadh flights ‘will unlock business, travel opportunities’

Hong Kong flag carrier has relaunched a direct passenger service to the Saudi Arabian capital Riyadh, with the first flight on Monday.

Hong Kong start-ups head to Riyadh for the Future Investment Initiative

Hong Kong start-ups ‘have a lot to offer’ Saudi Arabia, which is trying to diversify its oil-dominated economy.

Albert Wong Hak-keung, CEO of the Hong Kong Science and Technology Parks Corporation. Photo: Dickson Lee

Exclusive | Hong Kong ETF raises US$1.3 billion as Middle East investors buy into China ‘miracle’

Since the public offering is still ongoing, the size of the fund may grow when it is listed on the Saudi Stock Exchange on Wednesday.

This picture taken December 12, 2019 shows the sign and logo of Saudi Arabia’s Stock Exchange Market (Tadawul) in the capital Riyadh. Photo: AFP

Hong Kong seeks deeper I&T ties with Saudi Arabia, Paul Chan says before Gulf trip

Finance chief also says third-quarter figures for economy, to be released this week, ‘not that great’ even as he strikes optimistic tone.

The women camel jockeys racing in Saudi Arabia, and breaking barriers

Camel racing has been a male sport for centuries in Saudi Arabia. Women from the Arab world and Europe are challenging the men’s dominance.

Amid fears of all-out Mideast war, China commits to deeper cooperation with Iran

In first meeting with Iranian President Pezeshkian on Brics sidelines, Xi says Gaza ceasefire should occur ‘at the earliest possible date’.

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Chinese President Xi Jinping offered Tehran support when meeting Iranian President Masoud Pezeshkian on the sidelines of the Brics summit in Kazan, Russia, on Wednesday. Photo: Xinhua

Israel and Hezbollah exchange heavy fire as Blinken pushes for peace

Israeli pounded Beirut and hit the historic city of Tyre, while the militants turned to precision guided missiles for the first time.

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Smoke rises over Beirut’s southern suburbs after an Israeli strike. Photo: Reuters

Multi-country digital currency platform is worth the effort: central bankers

‘We must reduce new cross-border payment frictions while removing existing ones,’ says PBOC deputy governor.

China’s Midea eyes bigger global market share after US$4.6 billion IPO

Appliance maker looks at Saudi Arabia, Brazil and Africa as it aims to expand its international sales network by a third.

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Saudi Arabia
The latest news, analysis and opinion on Saudi Arabia. In-depth analysis, industry insights and expert opinion.
Capital
Riyadh
Head of State
King Salman bin Abdulaziz Al Saud
Head of Government
Prime Minister Mohammed bin Salman Al Saud
last updated:
25 September, 2024
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