Business

Turkey increases its footprint in naval drone exports

The ULAQ armed unmanned surface vessel (AUSV) developed for the Qatari Coast Guard by Ares Shipyard and ULAQ Global is seen in this photo at an undisclosed location, Jan. 3, 2026. ULAQ Global Handout via AA Photo By Daily Sabah The booming Turkish defence industry is taking its success to the sea as it boosts

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Turkey to press ahead with airport expansion projects in 2026

Aircraft are seen at Istanbul Airport, Istanbul, Türkiye, March 12, 2025. Photo Credit Shutterstock By Daily Sabah Turkey plans to complete major airport capacity expansion and renovation projects across the country in 2026, official documents show, as its aviation infrastructure faces rising passenger and air traffic volumes. The expansion drive began this week with the

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Gold notches yet another record, silver hits $90 on Fed cut bets

By Reuters Gold climbed on Wednesday to hit yet another record and silver surpassed the previously unseen $90 mark, as softer-than-expected U.S. inflation reading reinforced bets on interest rate cuts amid ongoing geopolitical uncertainty. Spot gold rose 1% to $4,633.40 per ounce as of 05:25 a.m. GMT, after hitting a record high of $4,639.42 earlier

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Top 10 African countries importing the most from China in early 2026

By The African Exponent China has been Africa’s largest trading partner for more than two decades, but the nature of that relationship has shifted profoundly. In the early 2000s, trade growth was largely driven by low-cost consumer goods—textiles, electronics, household items—that filled retail markets across African cities. By 2024, however, customs data shows a clear

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Chinese FM puts forward proposals to further deepen China-Africa friendship

Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, meets with Tanzanian Minister of Foreign Affairs and East African Cooperation Mahmoud Thabit Kombo, in Dar es Salaam, Tanzania, Jan. 9, 2026. Photographer Liu Qiong By Xinhua News Agency Chinese Foreign Minister Wang Yi met

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China’s top diplomat tours Africa with focus on strategic trade routes

Chinese Foreign Minister Wang Yi delivers delivers his speech at the opening ceremony of the Lanting Forum in Beijing, China, October 27, 2025. Photographer Maxim Shemetov By Reuters China’s top diplomat began his annual New Year tour of Africa on Wednesday, focusing on strategic trade access across eastern and southern Africa as Beijing seeks to

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Turkey’s defence, aviation exports cross $10B threshold in 2025

Turkey’s light combat aircraft, Hürjet, produced by Turkish Aerospace Industries (TAI), Ankara, Turkey, Dec. 30, 2025. AA Photo By Daily Sabah Turkey’s defence and aviation exports rose about 48% year-over-year to surpass $10 billion (TL 430 billion) in 2025, according to a top official on Saturday, thus breaking a new threshold for the sector. “We

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Turkey says Russia gave it $9 billion in new financing for Akkuyu nuclear plant

Turkish Energy Minister Alparslan Bayraktar speaks during a session of the Russian Energy Week international forum in Moscow, Russia, October 15, 2025. Photographer Ramil Sitdikov By Reuters Turkey’s energy minister said Russia had provided new financing worth $9 billion for the Akkuyu nuclear power plant being built by Moscow’s state nuclear energy company Rosatom, adding

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BP to sell 65% stake in Castrol to Stonepeak for $6 billion

Castrol motor oil bottles are seen in this illustration taken June 19, 2025. Dado Ruvic/Illustration/File Photo By Reuters BP, opens new tab has agreed to sell a 65% stake in its Castrol lubricants business to U.S. private equity firm Stonepeak for about $6 billion, a significant step in the oil major’s $20 billion divestment plan

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UK inflation slides to 3.2% before Bank of England rate decision

By Reuters British consumer price inflation fell unexpectedly sharply to 3.2% in November, its lowest since March, from 3.6% in October, official figures showed on Wednesday, a day before the Bank of England is widely expected to cut interest rates. A Reuters poll of economists had shown a median forecast of a fall to 3.5%

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