GCC members are looking to Hong Kong for future investment opportunities says Jasem Albudaiwi
Asia Pacific
Latest in Asia Pacific
Abu Dhabi
AD Ports Group to invest in Kazakhstan’s greenfield Sarzha grain terminal
The project envisages a total investment of just over $50 million over two phases, with AD Ports Group contributing around $30 million
China
China weighs selling TikTok to Elon Musk: Report
TikTok has appealed the impending ban in the US to the Supreme Court, but the justices have shown an inclination to uphold the law, which would force the company to be sold or face a ban in the country by January 19
automotive industry
Analysis: Tesla tests limits of brand politics as Musk readies for government role under Trump
Inside Elon Musk’s risky experiment mixing luxury EVs, presidential politics, and US-China relations with just days until Trump’s inauguration
E-commerce
Online fashion retailer Shein plans London IPO by mid-2025: Report
The founded in China but now headquartered in Singapore company’s proposed initial public offering (IPO) could be completed as early as Easter, which is April 20
Abu Dhabi
NMDC Energy secures $1.14 billion EPC contract in Taiwan
In partnership with sister company NMDC Dredging & Marine, it will design, construct, and install marine pipelines for Taiwan Power Company
automobile industry
Analysis: Why Tesla’s ties with China made Elon Musk indispensable to Trump
A closer look shows that Musk’s upcoming role in government was no coincidence – it was years in the making
China
China services activity hits 7-month high in December
The Caixin/S&P Global Services purchasing managers’ index (PMI) rose to 52.2 in December from 51.5 the previous month
Chinese economy
China may cut interest rates in 2025: Report
The economy’s main rate is its seven-day reverse repo rate, which it last cut from 1.7 percent to 1.5 percent in late September
China
China extends visa fee reductions for Indians
The initiative aims to simplify travel procedures and make it more accessible for Indian nationals and promoting tourism between the two nations
automobile business
Honda and Nissan confirm merger to create world’s third-biggest auto company
A holding company will be created and listed on the Tokyo Stock Exchange by August 2026; Mitsubishi will also be part of the merger
automobile business
Honda, Nissan talk possible merger to create world’s third-largest auto company
Companies expected to make an announcement on December 23; The combined valuation will be $54 billion with annual output of 7.4 million units
China
UAE and Qatar citizens to get 10-day visa-free entry to China
Number of provinces that these travellers can visit under the transit programme has been increased from 19 to 24
China
China extends visa-free transit to 10 days for foreign travellers from 54 countries
Foreigners made 8.2 million inbound trips to China, up 48.8 per cent year-on-year in the third quarter of 2024
e-visa
Thailand to offer e-visas to Indian nationals from January 1
The existing 60-day visa exemption will remain in effect, says the Royal Thai Embassy in India
China
UAE and China trade to pass $100bn this year
UAE hosts Invest in China roadshow as two countries look to boost $100bn trade relations
China
Saudi and Chinese investors look to healthcare and biotech sectors to boost $18.7bn trade relationship
Saudi-Chinese Business Council Forum puts healthcare investments in spotlight