Author: Dr Arif

Beijing: China’s outward direct investment (ODI) reached $147.9 billion last year, edging up 0.9 percent year-on-year, among which non-financial ODI grew 11.4 percent to $130.1 billion, said a report by accounting firm EY China. Non-financial ODI in economies involved in the Belt and Road Initiative totaled $31.8 billion, up 22.6 percent, the report said. Chinese companies posted a 20.3 percent year-on-year increase in overseas merger and acquisition value, reaching $39.8 billion, marking three consecutive quarters of quarter-over-quarter growth. Despite a decrease in the number of deals to 457 (down 16.3 percent year-on-year), the presence of large transactions exceeding $500 million…

Beijing: China and Brazil agreed to grant 10-year visa treatment for their nationals for business, leisure trips and family visits, starting from February 29, 2024, a move to promote China-Brazil economic cooperation and business activities. According to Lingshi Zhitongche, the official social media account of Chinese Foreign Ministry (FM), the 10-year visa will allow multiple entries to China or Brazil by Chinese and Brazilian before expiration, who can stay up to 90 days for a single visit. The expiration of the visa can be extended if necessary, but the total stay period should be under 180 days during the 12…

China-Singapore mutual visa exemption starts February 9, tourism boom expected Beiiing: A mutual visa exemption between China and Singapore will officially take effect on February 9, the Lunar New Year’s Eve. Representatives of the two countries signed an agreement on mutual visa exemption for ordinary passport holders in Beijing on Thursday. From February 9, individuals holding ordinary passports from both countries can enter each other’s nation visa-free for tourism, family visits, business, and other private matters, with a stay not exceeding 30 days. For activities such as work, news reporting that requires prior approval, and stays exceeding 30 days, appropriate…

World Defense Show begins in Riyadh, KSA, on Feb. 4, 2024. Slovakian delegation met with local businessmen in traditional Saudi dinner hosted on the sidelines of the World Defense Show.

RIYADH: Building on its successful debut, the World Defense Show returns to Riyadh this February, with over 750 exhibitors from 77 countries set to emphasize future readiness in the sector. Founded by Saudi Arabia’s General Authority for Military Industries, WDS serves as a global forum for innovation and technological discourse in the defense industry, covering five key domains: air, land, sea, space, and security. The second edition is scheduled for Feb. 4-8 and promises to provide a comprehensive international perspective of the defense industry, while analyzing needs at local, regional, and global levels. It will bring together military players, the…

KSrelief distributes over 4,500 food parcels in Gaza, Sudan, and Afghanistan RIYADH: Saudi aid agency, KSrelief, distributed more than 4,500 food parcels for displaced families in war-hit Gaza, Sudan, and Afghanistan, state news agency (SPA) reported. The team distributed essential food items in Khirbat al-Adas, located east of Rafah in the southern Gaza Strip, in coordination with the Palestinian Red Crescent as part of a campaign to provide relief to the Palestinians amid intense Israeli bombardment. In Sudan’s Khartoum, 16,677 individuals received 2,000 food baskets, while 2,155 families, comprising 12,903 people, got 2,155 food baskets in Al-Damir locality of the…

Beijing: China continues be the largest trading partner of Africa for 15 consecutive years, with bilateral trade reaching a record $282.1 billion in 2023. “Economic and trade #cooperation is the ballast and propeller of China and Africa relations,” said, Jiang Wei, an official Ministry of Commerce on Wednesday at a press conference in Beijing.

Islamabad: Ambassador of Russia to Pakistan H.E. Mr. Albert Khorev presented his Credentials to the President of Pakistan H.E. Dr. Arif Alvi.  As part of the ceremony, a meeting was held during which the both partner exchanged views upon the current state, and future prospects for the development of bilateral relations. NSN

Beijing: China overtook Japan as the world’s biggest passenger vehicle exporter in 2023, surpassing Japan’s 3.978 million passenger car exports data from the China Association of Automobile Manufacturers and the Japan Automobile Manufacturers Association has showed. China exported 4.91 million vehicles in 2023, making it the world’s largest auto exporter, an official with the Ministry of Industry and Information Technology said on Friday. The exports of automobiles have reached a new level, and China-made new energy vehicles (NEVs) have provided diverse choices for global consumers, Vice Minister Xin Guobin said at a press conference, adding that the country’s auto exports…

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