Bloomberg Chinese officials expect the US will delay a threatened tariff increase set for Sunday as both sides focus on de-escalating tensions by cutting import taxes currently in place rather than removing specific products from the target list, according to people familiar with the matter. Beijing sees removal of the December 15 threat enabling talks to continue on the unfinished ...

Bloomberg Saudi government institutions invested almost $2.3 billion into the initial public offering (IPO) of Saudi Aramco, a transaction that was intended to find new sources of funding for the kingdom’s economic diversification plan. The government sold two thirds of the shares offered in the company to institutional investors, of which 13.2% came from Saudi government institutions, according to a ...

Riyadh / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, arrived in Riyadh Tuesday afternoon to participate in the 40th Gulf Cooperation Council Summit, which kicked off under the chairmanship of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud. Leaders and representatives ...