This is where Xi’s Belt and Road Initiative stands six years later

Beijing As global leaders gather in Beijing this week for Chinese President Xi Jinping’s second Belt and Road forum, here are some numbers that illustrate where the ambitious initiative is six years after its conception. Eight more top politicians will attend the forum this year than the first one in 2017, bringing the total to […]

Dubai plans new visa exemptions ahead of Expo 2020

Dubai: The UAE is continuing to appraise countries for potential visa-on-arrival agreements ahead of Expo 2020 Dubai next year, Dubai’s tourism chief said on Wednesday. Essam Kazim, the CEO of Dubai Tourism, said that the UAE was still pushing for new countries to be added to visa exemptions. His remarks came ahead of next week’s […]

Saudi Arabia sees no need for immediate action on oil market

Dubai: The world’s biggest oil exporter see no need to take immediate action in the crude market, though it will respond to the requirements of buyers affected by the end of US waivers on imports from Iran, Saudi Energy Minister Khalid Al Falih said. Oil producers will exercise some market management after June, when the […]

Ford to invest $500m in electric vehicle startup Rivian

Detroit: Ford is sinking a half-billion dollars into electric vehicle startup Rivian in a deal that has the companies working together on a new Ford electric vehicle based on Rivian underpinnings. Ford will become a minority partner in Rivian, which is based outside of Detroit and recently rolled out a new electric pickup truck and […]