Thursday, July 4, 2024

Trade

Red Sea tensions: US and UK launch strikes against Houthi targets in Yemen amid shipping disruption

The United States and the UK launched military strikes in Yemen on January 12 in reaction to Houthi rebel assaults on ships in the Red Sea, raising concerns of an escalating conflict in the region.

Malaysia bans Israeli ships from docking for ‘continuous cruelty’ against Palestinians

Malaysia has banned all Israeli-owned and flagged ships, as well as any vessels headed to Israel, from docking at its ports in response to the ongoing war in Gaza for the “massacre and brutality against Palestinians”.

EU-China summit: Chinese and EU leaders agree on need for ‘balanced’ trade ties

At their first in-person summit in four years, China and EU leaders agree to balance their trade relationship, with China seeking to be a 'key partner'.

Biden and Xi expected to resume military communications at APEC Summit

United States President Biden will meet with Chinese President Xi Jinping this week in San Francisco for the first time in a year.

President Xi and PM Albanese agree to improve China-Australia ties in landmark Beijing meeting

Australian Prime Minister Anthony Albanese reported "significant progress" in relations with China following talks with President Xi Jinping in Beijing during his four-day state visit.

Poland to stop supplying Ukraine weapons as grain row escalates

Poland has announced that it will stop supplying weapons to Ukraine amid a growing rift between the two countries over grain.

Saudi Arabia unveils masterplan to make KSA global logistics hub

Saudi Crown Prince Mohammed bin Salman has inaugurated a comprehensive master plan aimed at fostering the development of logistical centers within the nation.

China’s new foreign minister Wang Yi visits Turkey to boost strategic cooperation

China’s newly-appointed Foreign Minister Wang Yi’s visited Türkiye to boost bilateral partnership and explore new areas of cooperation.

Pakistan and Azerbaijan agree to bolster trade, energy and defense cooperation

Pakistan and Azerbaijan have pledged to strengthen bilateral cooperation in various areas, including energy, trade, and aviation, during a meeting between Prime Minister Shehbaz Sharif and Azerbaijan President Ilham Aliyev in Baku.

Repeated firing incidents halt trade via Pakistan-Afghanistan border crossing

Thousands of cargo trucks were stuck and businesses faced losses as one of the key border crossings between Pakistan and Afghanistan remained closed for a third day after another firing incident.

Latest News

Qatar unveils plans for $5.5 billion tourism development project Simaisma with Disney-size theme park

Qatar has announced a groundbreaking $5.5 billion (20 billion Qatari Riyal) development project named Simaisma tourist project, featuring a colossal theme park set to surpass the iconic Walt Disney World's Magic Kingdom in size.