As China’s economic expansion slows, mainland companies are eyeing the Middle East as an attractive alternative, with countries in the region seeking to develop tech-driven start-up ecosystems to reduce reliance on fossil fuels as a growth driver.
HutchMed is poised to market its self-developed cancer drug ‘fruquintinib’ in Japan and Europe, after partner Takeda receives approval to market the drug in the US to treat metastatic colorectal cancer.
The invitation to the Post, which marked its 120th anniversary on November 6, underscores its recent investments in coverage and distribution to include the nations of the Gulf Cooperation Council (GCC).
The Swiss investment bank expects home prices to decline by 10 per cent in 2024 as high interest rates dent demand and an abundance of housing stock boosts supply.
The United Arab Emirates city is pursuing avenues for cross-border collaborations which could include dual listings with stock exchanges in places such as China, Hong Kong and the broader Asia-Pacific region, according to the head of the city’s stock exchange.
The academy is yet another firm step towards the goal laid out last year by Chief Executive John Lee Ka-chiu to attract 200 family offices to Hong Kong by the end of 2025.
Facing low foot traffic and a surge in cross-border shopping, New World Development and Nan Fung Development are among the landlords experimenting with new concepts to catalyse a rebound.
Shangri-La Asia, an Asia-centric hotel group which has been expanding its presence in the Middle East market for the past two decades, is now set to reap rewards from its strategic positioning by riding the region’s economic growth while exploring new business opportunities.
China has reported the second-largest decline in emission intensity within the global travel and tourism sector between 2010 and 2019 and it is expected to see a sharper rate of decline in future as the country steps up usage of renewables in automobiles and aircraft.
The comment, made during a panel titled ‘What moves capital in a deconstructed world’, reflected one of the latest trends in global capital flow in an increasingly complicated world.
Leaders from the world of finance and business convened in Riyadh issued a warning on Tuesday about the many perils the world currently faces, including geopolitical conflicts, economic uncertainties, high inflation and climate issues.
Evergrande’s future is up in the air, with founder Hui Ka-yan under arrest for suspected crimes. Still, the developer may survive a foreclosure attempt later this month, a restructuring lawyer at Hogan Lovells says.
Valuable Capital Financial Company has obtained final approval from regulators to operate dealing, advisory and custody services in Saudi Arabia, and plans to expand into investment banking, asset management and mutual funds.
Establishing a two-way dialogue between businesses and the recipients of help is crucial for both societal welfare and mitigating talent-related difficulties in the city, Stephen Ng says.
Pico Far East Holdings, a Hong Kong-listed event marketing company with a presence in the Middle East, aims to increase its investments in Saudi Arabia as it seizes opportunities arising from the Kingdom’s ambitious economic reform plans.
Some 6,000 investors, innovators, academics and policymakers including the American billionaire investor Ray Dalio and Blackrock chairman Lawrence Fink, will fly into Saudi Arabia next week for a three-day investment conference.
Is Hui Ka-yan’s sudden ‘arrest’ related to Evergrande’s Chapter 15 filing? Did he attempt to shield his personal assets from onshore creditors, as speculated by some local media? Here’s what some restructuring experts say about the situation.
The debt-stricken property developer has said it is ‘cashflow insolvent’ and that its creditors will get less than 5 per cent of their money back if it is forced into liquidation, a court heard.
Hong Kong’s retail industry will need more time to match its best year from a decade ago, according to the Wharf group. ‘I’m sanguine about the immediate future,’ chairman Stephen Ng says in an interview.
A comprehensive review of Hong Kong’s decade-old anti-speculation property curbs is long overdue, according to developer Wharf. Recent measures are not enough to overturn the current slump, chairman Stephen Ng says.
Analysts pour cold water on latest government bid to bolster property market, saying homebuyers adopting wait-and-see approach amid declining investor confidence.
Midea Group, China’s world-leading home appliances giant, plans to file its listing application in Hong Kong as early as next month, which could raise more than US$1 billion in proceeds, people familiar with the matter said.
FWD, which announced positive six-month results two weeks ago, said it ‘will assess the appropriate time’ to re-file the application, which it first submitted in February 2022.
China will issue 5 billion yuan (US$685 million) worth of sovereign bonds in Macau this month, as it seeks to deepen the financial sector and popularise the use of the yuan currency in its special administrative region.
A serendipitous meeting more than 10 years ago between a telecoms titan and a former Vietnamese refugee sowed the seeds for an insurance company that today covers against risks in seven countries along the ancient Silk Road.
Rents increased 1.15 per cent in July, according to Centaline’s Centa-City Rental Index, which tracks 138 housing estates across the city, and could climb by another 1.74 per cent in the third quarter.
Swire Properties says retail sales at some shopping centres are back at pre-pandemic levels, while Hysan Development reports rising tenant revenue. However, the office market lags as high vacancy rates persist.
Mirxes, a spin-off of Singapore ’s Agency for Science, Technology and Research, will establish a foothold in Hong Kong this year to tap into the vast multi-cancer early-stage screening market in the Greater Bay Area.
The company plans to expand gaming tables and step up international sales to drive growth after reporting a net profit of US$85.8 million in the second quarter.