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China Eastern Airlines has revealed the initiation of direct flights connecting Shanghai and Abu Dhabi, set to begin on April 28, 2025. This development signifies the first occasion a Chinese airline has established a direct route between these two prominent cities.According to China Daily, the Shanghai-Abu Dhabi route will be collaboratively operated by China Eastern Airlines and Etihad Airways, headquartered in Abu Dhabi.Flights are planned to operate every Monday, Wednesday, Thursday, and Saturday. Departures will take place from Shanghai Pudong International Airport, with return flights from Abu Dhabi scheduled on the same day (local time).Read more: Abu Dhabi seeks to…

As rapidly evolving artificial intelligence (AI) technologies reshape the workforce and increasingly displace menial jobs, China should establish dedicated insurance to protect those at risk of unemployment due to AI, an entrepreneur suggested in the lead-up to Beijing’s agenda-setting parliamentary meetings.“China should pilot a special AI-unemployment insurance programme, adopting a government-led, commercially operated model,” said Liu Qingfeng, a National People’s Congress representative and founder and chairman of iFlytek, a voice-recognition software supplier with AI capabilities.Following the surprising success of DeepSeek, the Chinese start-up that has released groundbreaking open-source AI models, the sector’s development has sent shock waves through the job…

Bitcoin fell on Monday for the first time in three days after marking the best daily profit in 2025 on Sunday following US President Donald Trump’s statements on the strategic crypto reserve.    Major companies continue to expand their holdings of the cryptocurrency, which boosts its institutional value and long-term confidence.    The Price   Bitcoin fell 3.3% at Bitstamp today to $91,135, with a session-high at $94,422.   On Sunday, bitcoin spiked 9.6%, the largest daily profit since November 2024, away from three-month lows after Trump’s supportive remarks.   Crypto Market Value    The market value of cryptocurrencies fell…

Saudi Arabia’s PMI recorded 58.4 in February, down from its strongest reading in just over a decade of 60.5 in JanuaryBusiness conditions in Saudi Arabia’s non-oil private sector strengthened noticeably in February, supported by robust growth in customer sales and activity. Improving market demand contributed to a sharp increase in employment levels as firms sought to expand their operating capacity and prepare for growth opportunities.The headline seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index recorded 58.4 in February, down from its strongest reading in just over a decade of 60.5 in January. Business conditions in the non-oil private sector improved…

Hundreds of Chinese companies have invested more than $6 billion in various sectors in UAEInvestopia 2025 hosted a new edition of the China-Arab Entrepreneurs Summit, under the theme ‘Seizing New Opportunities’, in the presence of His Excellency Abdulla bin Touq Al Marri, Minister of Economy and chairman of Investopia; Jean-Pierre Raffarin, co-chairman of Sino-International Entrepreneurs Federation and former Prime Minister of France; and Zhao Liang, charge d’affaires of Embassy of People’s Republic of China in the UAE. The summit saw several meetings with the participation of 18 speakers, and the participation and presence of more than 400 leaders, decision-makers and…

The eight OPEC+ countries plan to fully compensate overproduced volumes by June 2026 Previously, the eight OPEC+ countries announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman.The eight OPEC+ countries, including the UAE, reaffirmed their decision, to proceed with a gradual and flexible return of the 2.2 mbd voluntary adjustments starting on April 1, 2025, while remaining adaptable to evolving conditions. The decision was made on December 5, 2024. The countries convened virtually to evaluate global market conditions and the future outlook, according to a recent OPEC statement.Previously,…

PIF will act as a strategic anchor investor for new private credit and public equity strategies in Saudi Arabia and the wider GCC regionSaudi Arabia’s Public Investment Fund (PIF) and Goldman Sachs Asset Management recently announced the signing of a non-binding memorandum of understanding (MoU) for PIF to act as a strategic anchor investor for new private credit and public equity strategies in Saudi Arabia and the wider GCC region.An anchor investor is an institutional investor that enters the game right before an IPO and they are seen as a booster for companies looking for a successful listing.“PIF’s collaboration with Goldman…

Prime Minister Shehbaz Sharif on Tuesday formed a committee to ensure the early realisation of memorandums of understanding (MoUs) and agreements signed with Azerbaijan during his recent visit to the country. During PM Shehbaz’s visit to Azerbaijan last week, the two sides had finalised matters related to $2 billion investment by Baku in Pakistan, as well as agreed to expand bilateral trade volume and promote joint defence production. Deputy PM Ishaq Dar, who also serves as the foreign minister, will head the committee, the Associated Press of Pakistan reported, quoting a press release issued by the Prime Minister’s Office (PMO)…

Last month’s total of 16,099 transactions represented a 35.5 percent increase in volume, making it one of the best-ever months on recordDubai’s real estate market has continued its strong start to 2025, with property sales in February totaling AED51.1 billion ($13.91 billion), a 39.91 percent increase in value on the same month last year.The latest report from fäm Properties reveals that last month’s total of 16,099 transactions also represented a 35.5 percent increase in volume over February 2024, making it one of the best-ever months on record.“The data once again highlights the robust nature of Dubai’s real estate market and…

This emphasizes Dubai’s escalating reputation as a pivotal investment hub for international corporations Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has disclosed that 62.7 percent of the multinational companies (MNCs) it drew to Dubai in 2024 came from Asia. This statistic emphasizes Dubai’s escalating reputation as a pivotal investment hub for international corporations.Latin America and Europe each constituted 11.8 percent of the total multinational companies attracted in 2024. The Middle East and Eurasia made up 9.7 percent, while both the African continent and Australia contributed 2 percent of the total.Key sectors driving investmentFive primary sectors…