China pledges $20 billion loan package for Middle East

MG News | July 10, 2018 at 12:01 PM GMT+05:00

0:00

Chinese President Xi Jinping has pledged a package of twenty billion dollars in loans and 1.6 billion in financial aid to countries in the Middle East, to revive economic growth in the region.

Talking with representatives of 21 Arab nations in Beijing, Xi Jinping said that development is key to resolving many security problems in the Middle East.

Beijing has ramped up engagement in the Middle East in recent years as Arab nations play an important role in Chinese President's signature Belt and Road foreign policy plan for strong trade routes linking China with central and southeast Asia.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,130.00	118,295.00 116,115.00	2305.00 1.99%
BRENT CRUDE	67.48	68.42 67.34	-0.47 -0.69%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.29	64.20 63.11	-0.41 -0.64%
SUGAR #11 WORLD	15.98	16.27 15.89	-0.29 -1.78%