Chinese investors skeptical as Gulf pushes for deeper economic ties with Beijing

News Snapshot:

April 30, 2024 This is an excerpt from the Gulf Briefing, Al-Monitor's weekly newsletter covering the big stories of the week across the Gulf. To get it directly to your inbox, sign up here. DUBAI — China’s largest sovereign fund, China Investment Corporation (CIC), and Bahrain-based asset manager Investcorp announced on Wednesday the launch of a Sino-Gulf investment platform. Bin Qi, the executive vice president of CIC, said the platform aims to deploy $1 billion of Chinese and Gulf capital into high-growth companies in Saudi Arabia, other Gulf countries and China to “strengthen financial and industrial ties between China and...