"The Middle East Gulf region should not become an arena for great-power rivalry and geopolitical conflict. Peace and stability in the region require joint nurturing and protection by all parties," says Chinese President Xi Jinping.

The workers’ demands reflect mounting pressure from rising living costs and persistent inflation.

The death comes amid heightened tensions along the border after three South Korean soldiers were wounded in landmine explosions south of the Military Demarcation Line in September.

The AI unit will work with Hong Kong University of Science and Technology as its anchor academic partner, although the bank's CEO Georges Elhedery did not disclose headcount details.

Cyclone Murasu is expected to be less intense than last week's Cyclone Arnab, where six people were killed and dozens of houses and crops were destroyed.