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  • How China is maneuvering to secure new foothold in GCC

    During Xi’s state visit, China finalized over 40 deals with Saudi Arabia covering the climate, technology, and energy sectors. Saudi Minister of Investment Khalid Al-Falih stated that the accords will “contribute to raising the pace of economic and investment cooperation between the two countries.” Meanwhile, the Chinese president heralded a “new era” in the bilateral relationship.

  • Key Chinese Middle Eastern Hub Switches Gas Supplies To Europe

    It is apposite to note that all of Oman’s major LNG deals this year have been with companies not associated with either Russia or China or any of their proxies. These included, on January 18, Oman LNG signing two deals with Thailand’s PTT Global LNG and France’s oil and gas giant TotalEnergies to supply a total of 1.6 million metric tonnes of LNG annually, starting in 2025. Just before this, on 27 December, Oman LNG signed long-term agreements with three Japanese companies - JERA Co, and trading firms Mitsui & Co, and Itochu Corporation – to supply them with 2.35 million tonnes of LNG annually from the Sultanate.

  • Schengen visa: UAE residents travelling to EU now no longer need visa stamps

    The European Union (EU) has approved a new strategy to move the physical Schengen visa applications and stickers to a digital system, according to a report by Schengen Visa Info. According to the Parliament of the EU, the report on the digitalisation of visa procedures in the Schengen area was adopted with 34 votes in favour, five against, and 20 abstentions. The approval of the new digital visa process follows the EU parliament’s efforts to “speed up the process, reduce the efforts and costs required to make an application,” thus promoting security.

  • The EU Needs More Diesel, But The Middle East Can’t Supply It All

    Europe has raised its imports of fuels from the Middle East and the United States in preparation for the EU ban on seaborne imports of Russian refined petroleum products. Just ahead of the ban, Europe was still the biggest buyer of Russian diesel and it will have to boost imports from non-Russian suppliers significantly after the embargo kicks in on Sunday. Yet, the Middle East – despite adding planned refinery capacity in recent years – may not be able to meet Europe’s demand due to delays in the commissioning of some new refineries.

  • Iranian activists slam European ‘meddling’ as IRGC designation mulled

    Prominent Iranian civil society activists and journalists have come out against European efforts to designate the Islamic Revolutionary Guard Corps (IRGC) as a terrorist organization, denouncing such a step as meddling in Iran’s internal affairs. This comes as Supreme Leader Ayatollah Ali Khamenei has agreed to pardon and reduce the sentences of thousands of individuals—including people detained during the anti-establishment protests in recent months.

  • Middle East refiners capitalizing on Europe’s thirst for non-Russian diesel

    The Middle East, flush with new refining capacity, has stepped up its fuel exports to Europe, just as the EU's embargo on Russian oil products is set to go into effect Feb. 5.

  • Middle East refiners capitalizing on Europe’s thirst for non-Russian diesel

    The Middle East, flush with new refining capacity, has stepped up its fuel exports to Europe, just as the EU's embargo on Russian oil products is set to go into effect Feb. 5.

  • China foreign minister seeks stronger economic ties with Saudi Arabia | Reuters

    China's new foreign minister Qin Gang wants to build stronger ties with Saudi Arabia and set up a China-Gulf free trade zone "as soon as possible", according to a ministry statement published late on Monday. Qin, who was just recently named to the position, made the suggestion in a telephone conversation with his Saudi Arabian counterpart, Prince Faisal bin Farhan Al Saud, adding that China highly appreciates Saudi Arabia's consistent firm support on issues involving China's core interests.

  • EU wants to send more migrants away as irregular arrivals grow

    European Union ministers on Thursday sought ways to curb irregular immigration and send more people away as arrivals rose from pandemic lows, reviving controversial ideas for border fences and asylum centres outside of Europe. EU border agency Frontex reported some 330,000 unauthorised arrivals last year, the highest since 2016, with a sharp increase on the Western Balkans route.

  • A Third of the Arab World’s Market is Covered by Saudi Pharmaceuticals

    The pharmaceutical market in Saudi Arabia hit SR32 billion ($8.6 billion), making it the largest in the area and accounting for more than 30% of the Middle East market.