China And Saudi Arabia Sign $70 Billion in New Deals - China says its bilateral relations with KSA h

[Gomig-21]

Gentlemen, some comments?

The only thing I can really say besides Mabrouk 3alena gamee3an is how much of an indication that much of the Arab world is shifting strongly towards China in the past decade as an indication of how powerful it has become as a global, economic superpower. The strides it has made in just the past 20 years alone are incredible. Everyone sees benefit in become partners with them on any level, and a $28 billion agreement is probably just the start of things. Equally as important, it puts pressure on the US and the west with regards to getting a share in investments in the Arab world.

 

[The SC]

Langauge and genetics/ancestry/history are two completely (often) different things. Case in point being the "New World" or even Europe as you rightly wrote. Just 5000 years ago Indo-European languages were hardly spoken anywhere in Europe. You still have native languages of Europe that remain such as the Basque language. Many native languages have since died out though.

Anyway the Afro-Asiatic language family is the oldest recorded language family but before that other languages that we do not know about were spoken. A shame that we will likely never know anything about such languages as they might hold a key to our history. Indo-European languages have also been recorded to have been spoken in the Arab world/Arabia ages ago btw.



Yes, and China is the motor of it all. We have a lot of catching up to do yet albeit progress is seen on most fronts which is positive. Still ineffective rule in many Arab countries and outside factors (for instance recent conflicts post "Arab Spring") make things more challenging. Not to say ineffective systems on many fronts.

But take a look at Egypt and compare the situation in the summer of 2013 with the one today. A lot of positives since then and a lot of economic progress.

The Arabs need intelligent and dynamic leaders.. otherwise the resources are available..

 

[Jlaw]

KSA can put a dagger in US' chest by stop buying their useless t bills and bypass conversion if USD when buying your oil. No weapons are needed.

 

[abc123xyx]

that one way to keep them away from intervening in rohangyas issue......

 

[Saif al-Arab]

that one way to keep them away from intervening in rohangyas issue......

KSA has no reason to "intervene" in the Rohingya issue. We already host one of their largest expat communities in the world. In particular Makkah is full of them.

Let Bangladesh deal with that problem as a direct neigbhor and immediate countries. We quite frankly have enough on our own plate. Besides I don't see Bangladesh "aiding us" (Arabs) in any field. Nevertheless if the Rohingya can be helped and what is being said is the truth, the only thing that we can do is aid them economically and politically (not sure what the later would help as no Arab country is going to war against Burma). Obviously I would not be against that but Bangladesh must take the lead here in order to help their brethren if what is being said is the reality. It is a nation of over 150 million people and Burma is no superpower.

The proto-Caucasoid is IJ, while I is Native European, and J is Semitic.

The Indo-European is R, and their true ancestor was from Philippines and looked like these people. Today, they look Caucasoid because they have married with the Caucasoid women from I and J over many generations.

View attachment 424498



Maybe it is the time for the Arab nations stop listening from the West.

Because they provide no solution but chaos, since their happiness is built upon the sufferance of the others by exploiting the developing nations.

Interesting for sure, my friend.

The only thing I can really say besides Mabrouk 3alena gamee3an is how much of an indication that much of the Arab world is shifting strongly towards China in the past decade as an indication of how powerful it has become as a global, economic superpower. The strides it has made in just the past 20 years alone are incredible. Everyone sees benefit in become partners with them on any level, and a $28 billion agreement is probably just the start of things. Equally as important, it puts pressure on the US and the west with regards to getting a share in investments in the Arab world.

Definitely bro. The articles that I posted previously showcase this monumental rise and increased interaction with the Arab world as a consequence of this economic rise.

So far China has been a reliable and very useful partner and I cannot see that changing any time soon. I have read fears of "Chinese dominance" but I believe that this is more rooted in xenophobia from foreigners, mostly based in the West. If anything China will only "dominate" it's immediate neighborhood as has been the case historically if you take a look at Chinese history.

The Arabs need intelligent and dynamic leaders.. otherwise the resources are available..

 

[Saif al-Arab]

Why China sets an example for Saudi’s MSCI inclusion
China’s inclusion in MSCI’s main indices can provide lessons for Saudi Arabia

Finance

Investors across the Middle East are trying to figure out how many billions of dollars will flow to Saudi Arabia’s traded companies if it is eventually included in the MSCI Emerging Markets index, following MSCI’s recent move to add the kingdom to its watch list for a potential upgrade in 2018.

Earlier this year, Arqaam Capital estimated inflows of approximately $10.6bn into the Saudi market as a result of MSCI inclusion. Globally, more than $1.5 trillion in assets are benchmarked by money managers to the MSCI Emerging Markets Index family.

A good direction to look for indicative results is further east. MSCI’s decision to include mainland China shares in its main indices in the same review earlier this year is a minor tremor in the global investment landscape, but bigger seismic activity could come later.

Chinese domestic equities – A shares – will account for just over 0.7 per cent of the MSCI Emerging Market stock index when they enter the benchmark in the middle of next year.

In the near term, that doesn’t add up to a dramatic shift in global equity portfolios. But over the long run, it could be that the decision proves as transformative for the international capital markets as China’s 2011 inclusion in the World Trade Organisation (WTO).

In endorsing Beijing’s efforts to open up China’s securities to foreign investors, the MSCI could facilitate the country’s climb to the top tier of global financial markets in a number of ways.

For one thing, market reforms in the world’s second largest economy can now be expected to gather pace. The recent launch of a direct trading link between Shenzhen and Hong Kong exchanges and a reduction in trading suspensions are the beginning of what we believe will be a much deeper financial and regulatory overhaul.

What’s more, the emergence of an open and efficient stock market could help put the Chinese economy on a more sustainable footing by encouraging domestic firms to use equity as a source of finance rather than debt. As things stand, corporate borrowing amounts to an eye-watering 156 per cent of GDP in China. This ought to give international investors even greater confidence in Chinese securities.

In Saudi Arabia, a similar story is unfolding. The government is already undertaking dramatic privatisation efforts to wean the Kingdom off oil, spearheaded by the Saudi Vision 2030 economic plan, and characterised by the upcoming listing of Saudi Aramco – expected to be the world’s largest IPO.

Inclusion of the kingdom’s stock exchange – the Tadawal – to the MSCI would further improve financial regulatory standards and give international investors greater confidence in Saudi securities.

Saudi Arabia is already making quick progress. In September 2016, a new version of rules supporting an increase in Qualified Foreign investors was implemented. This was followed by a series of progressive new legislation in 2017 including spinning off the central securities depositary to a new independent wholly owned subsidiary, and launching a public consultation on the proposed new market operating model.

There are, of course, no guarantees when it comes to reform.

China’s change programme is ambitious yet complex and unlikely to progress smoothly. Currently, around two thirds of Chinese listed companies are part owned by the state in some shape or form, while governance standards do not compare favourably with those of developed economies.

Similarly in Saudi Arabia, such a ‘promotion’ would require the government to further relax its control on the market and significantly improve governance levels. This move may be tricky since many of the country’s largest companies, and particularly Saudi Aramco, are closely integrated with the state.

It would, however, boost Saudi Arabia’s global economic stature, placing it in good stead to achieve its Vision 2030. It may even attract investor interest to markets across the Middle East and North Africa ahead of the planned share sale of Saudi Aramco.

James Kenney is senior investment manager at Pictet Asset Management

http://gulfbusiness.com/china-sets-example-saudis-msci-inclusion/

Saudi, Chinese firms bag contract for final phase of Dubai solar park

Visitors look at screens displaying images of the Mohammed bin Rashid Al-Maktoum Solar Park on March 20, 2017, at the solar plant in Dubai. (AFP)

AFP, Dubai Saturday, 16 September 2017

Dubai on Saturday announced the award of a $3.8-billion contract for the final phase of a solar park aimed at generating 5,000 megawatts of electricity by 2030.

The local government said the contract for the fourth and final phase went to Chinese conglomerate Shanghai Electric and ACWA Powerof Saudi Arabia.

The solar park named after Dubai’s ruler, Sheikh Mohammed bin Rashed Al-Maktoum, went online in 2013 and the final phase is to be launched in stages from 2020, bringing the overall cost to $13.6 billion.

Dubai, which has dwindling oil reserves unlike Abu Dhabi, a fellow member of the United Arab Emirates, has set a target of 2050 to produce 75 percent of its electricity needs from renewable energy sources.

Abu Dhabi, the UAE capital, is building four nuclear power plants, each with a 1,400-megawatt capacity, the first of which is scheduled to launch operations in 2018. The overall costs are put at more than $25 billion.

The UAE has announced it plans to invest a total of $163 billion in projects aimed at supplying the country with almost half of its energy needs from renewable sources.

Last Update: Saturday, 16 September 2017 KSA 17:45 - GMT 14:45

https://english.alarabiya.net/en/bu...-contract-for-final-phase-of-solar-park-.html

 

[Shapur Zol Aktaf]

Yep, the Indo-European language family sounds artificially put together.

The Mediterranean European countries should speak a language closer to the Afro-Asiatic groups, since they both belong to the same Mediterranean racial group.

I guess the Indo-European language family theory was invented with the motivation to unify the solidarity of the Christian Europe, but it still can't veil the truth that the Mediterranean Europeans are more closely related to the Semitic Arabs.

Great inventions.

 

[ChineseTiger1986]

Great inventions.

The original Indo-European people were multi-racial, and the Indo-European supremacy is just another white supremacist theory propagated by the West.

I think most Iranians are proud of their ancient civilization and achievement, and no need to embrace this Indo-European crap at all.

 

[The SC]

The $70 billion includes a lot of JVs and transfer of technologies, mostly in high tech sectors..

 

[MultaniGuy]

China says its bilateral relations with Saudi Arabia have entered a new era.

Chinese Vice Premier Zhang Gaoli made a three-day visit to Saudi Arabia from August 23 to August 25. During his visit, China and Saudi signed a series of deals worth nearly $70 billion. Zhang said that China-Saudi Arabia cooperation was going to enter a new, more robust, sustainable, and fruitful era.

China and Saudi Arabia’s relationship is getting significantly warmer recently. Days Before Zhang’ visit, Saudi Minister of Energy, Industry, and Mineral Resources Khalid Al-Faleh had just visited Beijing and met with Zhang on August 18. In the meeting, both sides vowed to strengthen economic ties.

Soon, Zhang met Khalid Al-Faleh again in Jeddah on August 24. During the meeting, Al-Faleh revealed that China and the Kingdom had signed 60 various agreements and memoranda of understanding worth nearly $70 billion, according to Saudi Arabian news agency SPA. China’s news agency Xinhua said the agreements covered investment, trade, energy, postal service, communications, and media.

Enjoying this article? Click here to subscribe for full access. Just $5 a month.
Besides Al-Faleh, the two most important figures Zhang met were Saudi King Salman bin Abdulaziz Al Saud and Saudi Crown Prince Mohammed bin Salman.

The meeting with the crown prince is particularly noteworthy. As King Salman’s favorite son, Mohammed was just appointed crown prince in June 2017. As first deputy prime minister, minister of defense, and president of the Council for Economic and Development Affairs, the crown prince, 31, is the de facto person in charge of Saudi foreign policy, security and the oil industry—the country’s main source of wealth. He is also known for his ambition, or—from perspective of his critics—aggression.

Showing his ambition for the country, the crown prince in 2016 initiated a national strategy called “Vision for 2030,” aiming to make the Kingdom a global investment powerhouse and the heart of the Arab and Islamic world while also diversifying the country’s economy, which is heavily dependent on oil.

His vision seems to match well with China’s Belt and Road Initiative, which was put forward by Chinese President Xi Jinping in 2013.

Since 2016, the crown prince has started to pave the road to cooperating with China. In August 2016, he led a committee to Beijing, met President Xi Jinping and signed 15 agreements with his Chinese counterpart. The trip was seen as the start of a closer relationship between China and Saudi Arabia.

Thediplomat

China says its bilateral relations with Saudi Arabia have entered a new era.

Chinese Vice Premier Zhang Gaoli made a three-day visit to Saudi Arabia from August 23 to August 25. During his visit, China and Saudi signed a series of deals worth nearly $70 billion. Zhang said that China-Saudi Arabia cooperation was going to enter a new, more robust, sustainable, and fruitful era.

China and Saudi Arabia’s relationship is getting significantly warmer recently. Days Before Zhang’ visit, Saudi Minister of Energy, Industry, and Mineral Resources Khalid Al-Faleh had just visited Beijing and met with Zhang on August 18. In the meeting, both sides vowed to strengthen economic ties.

Soon, Zhang met Khalid Al-Faleh again in Jeddah on August 24. During the meeting, Al-Faleh revealed that China and the Kingdom had signed 60 various agreements and memoranda of understanding worth nearly $70 billion, according to Saudi Arabian news agency SPA. China’s news agency Xinhua said the agreements covered investment, trade, energy, postal service, communications, and media.

Enjoying this article? Click here to subscribe for full access. Just $5 a month.
Besides Al-Faleh, the two most important figures Zhang met were Saudi King Salman bin Abdulaziz Al Saud and Saudi Crown Prince Mohammed bin Salman.

The meeting with the crown prince is particularly noteworthy. As King Salman’s favorite son, Mohammed was just appointed crown prince in June 2017. As first deputy prime minister, minister of defense, and president of the Council for Economic and Development Affairs, the crown prince, 31, is the de facto person in charge of Saudi foreign policy, security and the oil industry—the country’s main source of wealth. He is also known for his ambition, or—from perspective of his critics—aggression.

Showing his ambition for the country, the crown prince in 2016 initiated a national strategy called “Vision for 2030,” aiming to make the Kingdom a global investment powerhouse and the heart of the Arab and Islamic world while also diversifying the country’s economy, which is heavily dependent on oil.

His vision seems to match well with China’s Belt and Road Initiative, which was put forward by Chinese President Xi Jinping in 2013.

Since 2016, the crown prince has started to pave the road to cooperating with China. In August 2016, he led a committee to Beijing, met President Xi Jinping and signed 15 agreements with his Chinese counterpart. The trip was seen as the start of a closer relationship between China and Saudi Arabia.

Thediplomat

A wise move by Saudi Arabia to get closer to China

 

[Shapur Zol Aktaf]

The original Indo-European people were multi-racial, and the Indo-European supremacy is just another white supremacist theory propagated by the West.

I think most Iranians are proud of their ancient civilization and achievement, and no need to embrace this Indo-European crap at all.

Indo-European theorie is firm and proven unlike ural-altaic language group which is debunked.
It's a fact that we're an Indo-european speaking nation. It has nothing to do with pride or white skin.

 

[ChineseTiger1986]

Indo-European theorie is firm and proven unlike ural-altaic language group which is debunked.
It's a fact that we're an Indo-european speaking nation. It has nothing to do with pride or white skin.

The Nordic Indo-European theory has also been debunked. The original Nordic people were the native Europeans, not the Indo-European.

The forefather of the Indo-European looked like these people.

BTW, most Iranians carry the haplogroup J, and you are more closely related to the Semitic Arabs than to the white Europeans.

 

[Figaro]

The Nordic Indo-European theory has also been debunked. The original Nordic people were the native Europeans, not the Indo-European.

The forefather of the Indo-European looked like these people.

View attachment 426677


BTW, most Iranians carry the haplogroup J, and you are more closely related to the Semitic Arabs than to the white Europeans.

I really hate how some northern Indian people describe themselves as self-proclaimed "Aryans". It's as if they're trying so hard to appear White even though they're not.

Indo-European theorie is firm and proven unlike ural-altaic language group which is debunked.
It's a fact that we're an Indo-european speaking nation. It has nothing to do with pride or white skin.

Sure your language may be part of the Indo-European group but genetically, you guys are not "white skinned". The fact is Persians/Punjabis/Pashtuns are not white or related to any Nordic Indo-European group whatsoever.

The original Indo-European people were multi-racial, and the Indo-European supremacy is just another white supremacist theory propagated by the West.

I think most Iranians are proud of their ancient civilization and achievement, and no need to embrace this Indo-European crap at all.

Some people *ahem* cannot seem to appreciate their racial/ethnic/cultural heritage. These days, some individuals try to connect their racial features to those of whites as closely as possible ... even though they aren't. It's as if Caucasians occupy a higher social status and these fools try to be part of their "racial clique" ... very shameful indeed. The Indo-European crap also needs to go away ... I'm sure the only portion they appreciate is the European part and not the "Indo" ...

 

[Mian Babban]

Sure your language may be part of the Indo-European group but genetically, you guys are not "white skinned". The fact is Persians/Punjabis/Pashtuns are not white or related to any Nordic Indo-European group whatsoever.

...

And 'White' Europeans are not Caucasians, they are not from Caucasus mountains.

 

[Shapur Zol Aktaf]

I really hate how some northern Indian people describe themselves as self-proclaimed "Aryans". It's as if they're trying so hard to appear White even though they're not.

Sure your language may be part of the Indo-European group but genetically, you guys are not "white skinned". The fact is Persians/Punjabis/Pashtuns are not white or related to any Nordic Indo-European group whatsoever.


Some people *ahem* cannot seem to appreciate their racial/ethnic/cultural heritage. These days, some individuals try to connect their racial features to those of whites as closely as possible ... even though they aren't. It's as if Caucasians occupy a higher social status and these fools try to be part of their "racial clique" ... very shameful indeed. The Indo-European crap also needs to go away ... I'm sure the only portion they appreciate is the European part and not the "Indo" ...

Only Indo-Iranians used the term aryan to refer to themselves, so it's the right of Indian people to do so. We never said we're white. I think you don't know the meaning of certain terms.. even arabs are considered as caucasians, caucasian doesnt define skin colour.
Indo-European is no crap, they were a group of people with a language, religion, culture who spread their language (and people) all over the world.