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  • Emerging economies face China and rate pressures as IMF, World Bank meet

    Emerging economies are facing headwinds from all sides, with a recent selloff in U.S. Treasuries and China's slowing economy adding layers of uncertainty while the Federal Reserve might not have reached the end of its rate hike cycle. Restructuring efforts for defaulted countries could reach a breakthrough before year-end as talks continue, while the finances of nations like Pakistan and Egypt will also be under scrutiny when policy makers and asset managers gather for the World Bank and International Monetary Fund's annual meetings in Marrakech next week.

  • Arabs see a new transport corridor as augmenting, not competing with China’s Belt and Road

    For Saudi Arabia and the UAE, IMEC is less an anti-China move than another strategy to achieve economic and infrastructure advancement.  Saudi Arabia sees the project as furthering its goal of economic diversification by 2030 and beyond. The UAE views IMEC as a chance to elevate its global standing and attract more investment.

  • Arabs see a new transport corridor as augmenting, not competing with China’s Belt and Road

    For Saudi Arabia and the UAE, IMEC is less an anti-China move than another strategy to achieve economic and infrastructure advancement.  Saudi Arabia sees the project as furthering its goal of economic diversification by 2030 and beyond. The UAE views IMEC as a chance to elevate its global standing and attract more investment.

  • IMEC is different from China’s BRI in being a multilateral Coop venture: Mohammed Soliman

    For the US and the EU, IMEC is primarily a geopolitical venture, as both actors seek to stave off the influence of China and Russia in the Eurasian rim land by favorably shaping the region’s geo-economic structure. For key states such as India, the UAE, Saudi Arabia, and, to some extent, the EU, the value of IMEC is geo-economic.

  • IMEC is different from China’s BRI in being a multilateral Coop venture: Mohammed Soliman

    The first major difference is that IMEC, as proposed, is a multinational cooperative venture, whereas China’s BRI is a centrally-planned effort with full guiding authority vested in Beijing’s political leadership. If you ask American officials, they will tell you that IMEC is intended to be integrative, transparent, and non-predatory, qualities that are the polar opposite of US descriptions of the BRI. There certainly seems to be some accuracy in this characterization

  • Saudi Arabia, China collaborate on literary exchange

    Saudi Arabia’s Literature, Publishing, and Translation Commission has partnered with China’s National Press and Publishing Administration to promote literary translation between Arabic and Chinese. The agreement was signed on Monday during the Riyadh International Book Fair, which is currently taking place at King Saud University until Oct. 7.

  • US-China ‘tech war’: AI sparks first battle in Middle East

    The US has restricted exports of some computer chips to the Middle East, to stop AI-enabling chips from getting to China. But there's no information on which countries are affected, or how chips would get to China.

  • How China-West tensions will shape global markets

    Tensions between the West and China are rising, from tit-for-tat trade tariffs to tech rivalry and spying allegations. The ramifications for global markets are significant, with Washington and Beijing's determination to loosen dependence on each other fraying long-established supply chains. That could help keep inflation and interest rates elevated. Still, there are gains for emerging nations and tech giants on the right side of the power battle.

  • China, Saudi Arabia to hold second joint naval drills

    Saudi Arabia and China will hold their second-ever joint naval drill next month, China’s Ministry of National Defense announced on 28 September, as relations between the two countries grow closer. The special operations training exercise will take place in the southern Chinese city of Zhanjiang at an unspecified date in October. The exercise will focus on “overseas maritime counter-terrorism operations,” including sniping, boat driving, helicopter landing, and joint rescues, the ministry said in a statement.

  • China’s Xi offers to help war-torn Syria rebuild, regain regional status

    With an upgrade in diplomatic ties, China on Friday offered to help boost Syria's economy and counter domestic unrest in the war-torn country, while advancing its strategic interests in a region where it is already aligned with Iran and Saudi Arabia. "In the face of an unstable and uncertain international environment, China is willing to continue to work with Syria in the interests of friendly cooperation and safeguarding international fairness and justice," Chinese President Xi Jinping told his Syrian counterpart in Hangzhou.