[Saudi Arabia to launch 93 utility infrastructure projects] Saudi Arabia has announced plans to launch 93 projects, mostly related to the development of the kingdom's utility infrastructure, with an investment of $2.26 billion. The projects are primarily aimed at boosting the region's environment, water and agricultural systems, according to senior government officials. They added that they will be implemented by the Brine Conversion Company, the National Water Company and the National Center for Vegetation Cover and Desertification Control in coordination with the Saudi Deputy Minister of Water. Editor/Xing Wentao

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• 2026.02.28 17:21
• [The situation in the Middle East is rapidly escalating]
• On February 28, 2026, the security risks in the Middle East continued to rise, with the United States, the United Kingdom, France, and others withdrawing non essential personnel from Iran and Israel, and multiple countries issuing travel bans. The Chinese Ministry of Foreign Affairs reminds citizens not to travel to Iran temporarily and to evacuate personnel in Iran as soon as possible. Regional tensions have pushed up international energy prices, and global market risk aversion has intensified.Editor/Bian Wenjun

• 2026.02.28 17:19
• [Risk preparation for forward foreign exchange sales starting from March 2nd]
• The People's Bank of China announced that from March 2, 2026, the foreign exchange risk reserve ratio for forward foreign exchange sales business will be reduced from 20% to 0. This move will significantly reduce the cost of currency hedging for foreign trade enterprises, support the stable development of the real economy, promote the smooth operation of the foreign exchange market, and release the policy intention of stabilizing foreign trade and expectations.Editor/Bian Wenjun