标签: Asia

亚洲

  • China’s economic retaliation against Takaichi is just beginning

    China’s economic retaliation against Takaichi is just beginning

    The diplomatic relationship between China and Japan has taken a sharp turn towards confrontation following provocative remarks by Japanese Prime Minister Sanae Takaichi regarding Taiwan. In response, Chinese analysts and policymakers have proposed stringent measures against Japan, including banning exports of rare earths and halting imports of Japanese seafood and agricultural products. Gao Zhikai, a prominent Chinese academic and former diplomat, suggested these measures in a social media video, emphasizing the need for a robust response to Japan’s pro-Taiwan stance. Gao also recommended canceling visa-free arrangements for Japanese passport holders and barring entry to those who visited the controversial Yasukuni Shrine in the past year. These proposals have already begun to materialize, with China suspending imports of Japanese aquatic products and terminating bilateral consultations on Japanese beef exports. The rare earths issue is particularly critical, as Japan relies heavily on China for these materials, essential for its high-tech industries. The situation has been further exacerbated by China’s issuance of travel advisories and study-abroad alerts, citing deteriorating security conditions in Japan. The economic impact is significant, with Chinese travel platforms canceling hundreds of thousands of tickets to Japan, leading to substantial revenue losses for Japanese businesses. The tensions stem from Takaichi’s recent comments on Taiwan, which Beijing views as a direct challenge to its sovereignty. China has warned of severe consequences if Japan intervenes militarily in the Taiwan Strait, with state media highlighting the risks of a hostile security environment and international criticism. Despite diplomatic efforts to stabilize ties, including a recent meeting between officials from both countries, progress has been minimal. The situation remains volatile, with both nations standing firm on their positions.

  • These were the major deals signed by Saudi crown prince on his US visit

    These were the major deals signed by Saudi crown prince on his US visit

    In a landmark series of agreements, the United States and Saudi Arabia have solidified a robust economic partnership, with deals worth hundreds of billions of dollars announced during Crown Prince Mohammed bin Salman’s visit to Washington. President Donald Trump revealed that $270 billion in new investment deals were signed, while Saudi state media reported an even higher figure of $557 billion. These agreements span various sectors, including technology, rare earth minerals, and energy, underscoring the deepening ties between the two nations.

    Among the most notable deals is a joint venture between MP Materials, a US-based rare earths company, and Saudi Arabian Mining Company (Maaden). The partnership aims to establish a refinery in Saudi Arabia to process rare earth minerals, critical for advanced technologies. The US Department of War is financing the American contribution to this venture, highlighting the strategic importance of reducing reliance on China, which dominates global rare earth refining.

    In the tech sector, Elon Musk’s xAI announced a collaboration with Saudi Arabia’s state-owned AI company, Humain, to develop a network of GPU data centers, including a massive 500-megawatt facility. Humain also secured partnerships with AMD, Cisco Systems, and Amazon to expand its data center capacity, positioning Saudi Arabia as a global hub for AI infrastructure. The kingdom’s competitive electricity prices, driven by its abundant fossil fuel and solar energy reserves, make it an attractive location for energy-intensive data centers.

    Additionally, Saudi Aramco, the kingdom’s state-owned oil giant, signed 17 preliminary agreements with US companies, potentially worth over $30 billion. These deals span sectors such as liquefied natural gas, financial services, and advanced materials manufacturing, further cementing Saudi Arabia’s role as a key player in global energy markets.

    While the scale of these agreements is impressive, questions remain about the distinction between pledges and actual financial commitments. Nevertheless, the deals reflect a concerted effort by both nations to strengthen economic and technological cooperation, with Saudi Arabia leveraging its sovereign wealth fund and strategic resources to attract global investments.

  • Dubai: Voting opens for Globe Soccer Awards with Dembélé, Ronaldo nominated

    Dubai: Voting opens for Globe Soccer Awards with Dembélé, Ronaldo nominated

    The 16th edition of the prestigious Globe Soccer Awards is set to take place on December 28, 2025, at the luxurious Atlantis The Royal hotel on Palm Jumeirah in Dubai. Football enthusiasts worldwide are invited to participate in the voting process, which opened on November 20 and will continue until November 27 for nine of the 15 award categories. A second round of voting will run from December 3 to 11, with final winners determined by a combination of fan votes and the esteemed Globe Soccer Jury, featuring football legends like Marcello Lippi, Francesco Totti, Iker Casillas, and Luis Figo.

    Paris Saint-Germain (PSG) dominates the nominations following their stellar 2024-2025 season, which saw them clinch the Uefa Champions League, Super Cup, Ligue 1, and Coupe de France. The club is vying for the Best Men’s Club award, while manager Luis Enrique and sporting director Luís Campos are shortlisted for Best Coach and Best Sporting Director, respectively. Eight PSG players, including Ousmane Dembélé and Gianluigi Donnarumma, are nominated for Best Men’s Player, alongside other football giants like Vinícius Júnior, Kylian Mbappé, and Mohamed Salah.

    In the women’s categories, Barcelona Femení and Spain midfielder Aitana Bonmatí aims for a third consecutive Best Women’s Player award. She is joined by teammates and England’s Uefa Women’s Euro 2025 champions on the shortlist. Arsenal, the Uefa Women’s Champions League winners, are among the contenders for Best Women’s Club.

    Cristiano Ronaldo, representing Portugal and Al-Nassr, is nominated for Best Middle East Player, competing against Salem Al-Dawsari, Karim Benzema, and others. The event promises to celebrate the finest talents in global football, with fans playing a pivotal role in deciding the winners.

  • Trump says he will intervene in Sudan war at Saudi leader’s request

    Trump says he will intervene in Sudan war at Saudi leader’s request

    In a significant diplomatic development, former U.S. President Donald Trump has announced his intention to intervene in Sudan’s ongoing civil war, following a direct appeal from Saudi Crown Prince Mohammed bin Salman. The decision, confirmed during a U.S.-Saudi investment conference, aligns with an exclusive report by Middle East Eye (MEE) that Riyadh had planned to lobby Trump for involvement in the conflict. Trump described the war as ‘crazy and out of control,’ emphasizing the importance of addressing the crisis at the Saudi leader’s request. The move comes amid rising tensions between Saudi Arabia and the United Arab Emirates (UAE), which has been accused of supporting the paramilitary Rapid Support Forces (RSF) in Sudan. Trump’s intervention marks a potential shift in U.S. foreign policy towards the region, as the conflict has escalated into one of the world’s most severe humanitarian crises. U.S. Secretary of State Marco Rubio has also condemned the RSF’s supporters, hinting at increased pressure on the UAE. The war, which began in April 2023, pits the Sudanese Armed Forces (SAF) against the RSF, with both sides receiving external backing. Saudi Arabia has positioned itself as a mediator, though sources suggest Riyadh favors the SAF for perceived stability. The UAE, meanwhile, denies allegations of supplying weapons to the RSF, despite evidence to the contrary. Trump’s involvement could reshape the dynamics of the conflict and its regional implications.

  • Philippines sentences ‘Chinese spy mayor’ to life in jail

    Philippines sentences ‘Chinese spy mayor’ to life in jail

    In a landmark ruling that has captivated the Philippines for years, former Bamban Mayor Alice Guo has been sentenced to life imprisonment for her involvement in human trafficking and operating a massive scam center. On Thursday, Guo and three accomplices were handed life sentences and fined 2 million pesos ($33,832) by the court. The case, which has drawn national attention, stems from the discovery of one of the country’s largest scam hubs in Bamban, a small town north of Manila. Authorities rescued approximately 800 Filipinos and foreigners from the center, many of whom were coerced into participating in ‘pig butchering’ scams—a notorious form of online fraud. Guo, 35, was arrested in 2024 after fleeing for weeks and has consistently denied all charges. It remains unclear whether she will appeal the verdict. The case against Guo includes five ongoing charges, one of which is money laundering. Elected as Bamban’s mayor in 2022, Guo was initially perceived as a compassionate leader by local residents. However, her reputation crumbled in 2024 when a sprawling scam center, masquerading as an online casino (locally known as Philippine Online Gaming Operations or Pogo), was uncovered near her office. Despite her initial claims of ignorance, a senate investigation revealed that the 8-hectare compound, housing 36 buildings, was constructed on land she previously owned. Further scrutiny exposed inconsistencies in her background, including her false claim of being born in the Philippines. Investigations confirmed that Guo migrated from China as a teenager, and her fingerprints matched those of a Chinese national named Guo Hua Ping. Following her removal from office, Guo disappeared in July 2024, prompting an international manhunt across four countries. She was eventually arrested in Indonesia in September 2024 and extradited to the Philippines, where her passport was revoked. The case has unfolded against the backdrop of ongoing territorial disputes between the Philippines and China in the South China Sea. While the allegations against Guo have dominated Philippine headlines, China has remained notably silent on the matter.

  • US approached Yemen about international force in Gaza: Report

    US approached Yemen about international force in Gaza: Report

    The Trump administration has reportedly engaged with Yemen’s internationally recognized government (IRG) in Aden regarding potential participation in an international stabilization force for Gaza, according to an AFP report published on Wednesday. Sources within Yemen’s presidential council, a diplomat, and a senior military official, all speaking anonymously, confirmed the discussions. While the military official noted that Yemen’s involvement has been discussed with the U.S., no formal request has been made yet. The IRG, despite its UN representation and Washington ambassador, wields minimal control within Yemen, having been ousted from the capital, Sanaa, by Houthi rebels over a decade ago. The Houthis, who dominate much of Yemen, have faced air strikes from Saudi Arabia, the UAE, Israel, and the U.S., and openly support Hamas in Gaza. Hamas, however, has strongly opposed the idea of a U.S.-led international force, insisting that any such force must operate under UN supervision and exclude Israeli involvement. This development follows President Trump’s recent meeting with Saudi Crown Prince Mohammed bin Salman, where Saudi Arabia’s financial backing for Gaza’s reconstruction and its role in assembling a stabilization force were emphasized. While countries like Turkey and Indonesia have prepared troops, Hamas’s resistance to U.S. oversight could escalate tensions between the force and Palestinian fighters.

  • Gulf cybersecurity spend to top Dh120 billion by 2030

    Gulf cybersecurity spend to top Dh120 billion by 2030

    The Gulf region is poised to witness a significant surge in cybersecurity investments, with spending projected to surpass Dh120 billion by 2030. This growth is driven by the rapid adoption of artificial intelligence (AI), sovereign cloud strategies, and hyperscale data infrastructure, according to a recent report by Grand View Research titled ‘Cyber Resilience in the Gulf: Where Technology Meets Sovereign Risk (2025 Edition).’ The UAE and Saudi Arabia are at the forefront of this transformation, with both nations accelerating their digital agendas under the ‘We the UAE 2031’ vision and Vision 2030 programs, respectively. The report highlights that the region’s ambitious infrastructure projects, including national data centers, AI clusters, and cloud corridors, are fueling unprecedented investments in cyber resilience and data sovereignty. The UAE’s AI-driven security market alone is expected to grow more than fourfold, exceeding Dh19.6 billion by 2030. Swayam Dash, Managing Director of Grand View Research, emphasized that cyber resilience has evolved from a technical discipline to a sovereign capability, crucial for sustaining growth, attracting capital, and maintaining public trust. The UAE and Saudi Arabia, which together account for over 60% of the region’s cybersecurity expenditure, are embedding digital protection into national policies. The UAE is focusing on AI-driven threat intelligence, zero-trust frameworks, and sovereign cloud ecosystems, while Saudi Arabia’s National Cybersecurity Authority (NCA) and SDAIA are prioritizing data protection across industrial and infrastructure projects. The report also notes a shift in the region’s cybersecurity approach, from network defense to institutionalized resilience through policy, collaboration, and redundancy. Key initiatives include the ADGM Cyber Risk Management Framework (2025), Saudi Central Bank’s cyber stress-testing regime, and cross-border CERT intelligence sharing. As the line between cyber disruption and economic disruption narrows, digital resilience is increasingly viewed as a form of sovereign credit, with Gulf banks incorporating cyber metrics into ESG disclosures and regulators considering system uptime a proxy for fiscal stability. Dash concluded that the Gulf’s next global advantage will stem not from faster networks but from networks that never fail.

  • Sheikh Mohammed announces Dh36.7 billion National Investment Fund to encourage FDIs

    Sheikh Mohammed announces Dh36.7 billion National Investment Fund to encourage FDIs

    In a significant move to bolster economic growth, UAE Vice-President Sheikh Mohammed bin Rashid Al Maktoum unveiled the National Investment Fund with an initial capital of Dh36.7 billion. The announcement was made during the Cabinet meeting at the Dubai Airshow 2025 on Wednesday. The fund aims to attract foreign direct investments (FDIs) by offering financial incentives, with ambitious targets to increase annual FDIs from Dh115 billion to Dh240 billion by 2031, and to grow the accumulated balance from Dh800 billion to Dh2.2 trillion in the same year. Sheikh Mohammed emphasized the UAE’s commitment to providing a conducive environment for global investors, stating, “Our message is clear to all investors around the world… the United Arab Emirates welcomes you, it will provide the best environment for your investments and will support your future growth and success.” Additionally, the Cabinet reviewed the National Strategy for Industry, highlighting a 244% increase in national industrial spending over the past five years, reaching Dh110 billion. Industrial exports also surged to Dh197 billion, contributing Dh210 billion to the GDP, with a target of Dh300 billion by 2031. The UAE civil aviation sector was another focal point, contributing Dh340 billion (18.2% of GDP) in 2024, with airports handling 148 million passengers and over one million air traffic operations, marking significant year-on-year growth.

  • EFG Holding profits increase on strong performance from Bank NXT and EFG Finance

    EFG Holding profits increase on strong performance from Bank NXT and EFG Finance

    EFG Holding, a prominent financial institution with a universal bank in Egypt and a leading investment bank in the Middle East and North Africa (MENA), has announced impressive third-quarter results for 2025. The Group’s operating revenue surged by 27% year-on-year (Y-o-Y) to EGP 6.3 billion, while net profit after tax and minority interest rose by 22% to EGP 846 million. Total assets reached EGP 243.7 billion as of September 2025. The robust performance was primarily fueled by the Commercial Banking arm, Bank NXT, and the Non-Bank Financial Institutions (NBFI) platform, EFG Finance. Bank NXT reported a remarkable 119% Y-o-Y revenue increase to EGP 2.7 billion, with net profit after tax soaring by 245% to EGP 1.5 billion. EFG Finance also delivered strong results, with revenue growing by 38% Y-o-Y to EGP 1.5 billion, driven by Valu’s 79% revenue increase and higher loan issuances. Despite a 19% rise in operating expenses due to inflationary pressures and increased employee costs, the Group’s diversified business model and strategic positioning enabled it to navigate market volatility effectively. Karim Awad, Group CEO of EFG Holding, emphasized the firm’s agility and commitment to sustainable profitability, highlighting the successful capital increase for Bank NXT and Valu’s impressive post-listing performance.

  • Passport delay saved wife of UAE expat who died in Saudi bus crash

    Passport delay saved wife of UAE expat who died in Saudi bus crash

    In a tragic yet fateful turn of events, Abdul Gani Shirahatti, an Indian expatriate who had lived and worked in Abu Dhabi for nearly two decades, was among the 45 pilgrims who lost their lives in a devastating bus crash in Saudi Arabia. The accident occurred on Monday during a journey from Makkah to Madinah, where the bus collided with a tanker. Gani, a dedicated hotel driver for 18 years, had embarked on a short Umrah pilgrimage, a journey he had undertaken alone after his wife’s passport delay prevented her from accompanying him. His son and elder brother, Farook, traveled to Madinah to provide DNA samples to identify Gani’s remains, a process that has left the family in profound grief. Gani’s wife, who narrowly escaped the tragedy due to the passport delay, is now grappling with the loss of her husband. The family, supported by friends and authorities, awaits the completion of formal identification procedures. Gani, described as a hardworking and devoted family man, had planned to return to India for a long-awaited reunion with his loved ones after completing his pilgrimage and work responsibilities. Instead, his family now mourns his untimely death, remembering his unwavering commitment to providing for his wife, three daughters, and son.