Business

East Med energy could be key to improving Turkey-Israel relations

By Murat Temizer Turkey is the closest and most logical market for Israel’s natural gas, says expert The change of administration in Israel has ushered in an opportunity to improve energy relations between Turkey and Israel, according to Oguzhan Akyener, the president of Turkey’s Energy Strategy & Political Research Center (TESPAM) on Tuesday. Akyener told

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Turkey becomes one of world’s leading manufacturers of armed drones: Le Monde

Rise of Turkish drones, widespread use on battlefields is ‘indisputable phenomenon,’ says French newspaper Turkey has become one of the world’s leading manufacturers of armed unmanned aerial vehicles in just 15 years, French newspaper Le Monde said Friday. The newspaper examined Turkish armed drones (SIHA) under a separate title, “A technology at the service of

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Rich nations should put $30 bln of IMF cash towards Africa investments – African ministers

A participant stands near a logo of IMF at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo Rich countries should reallocate at least $30 billion of new money from the International Monetary Fund towards investments in Africa to help countries battling

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Kenya fails to ink Sh16bn JKIA rail contract in Paris

President Uhuru Kenyatta is received by his French host Emmanuel Macron at Elysee Palace at the start of his official visit to France on Wednesday evening. By BONFACE OTIENO Kenya failed to ink a financial deal for the construction of a railway line linking Jomo Kenyatta International Airport to Nairobi’s city centre during President Uhuru

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Italy eases curbs on arms sales to Saudi Arabia and UAE

Photo: Credit Anadolu Agency Italy has loosened restrictions on arms exports to Saudi Arabia and the United Arab Emirates, government sources said on Tuesday, in a move aimed at easing diplomatic tensions with the two Gulf states. Italy halted the sale of thousands of missiles to Saudi Arabia and the UAE in January, citing at

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EU urges UK to accept Swiss-style deal to end agri-food standoff

European Commissioner for Inter-institutional Relations and Foresight Maros Sefcovic speaks during a news conference on Brexit at the EU headquarters in Brussels, Belgium, June 30, 2021. Francisco Seco/Pool via REUTERS/File Photo By John Chalmers BRUSSELS, July 6 (Reuters) – The European Union urged London on Tuesday to consider a Swiss-style veterinary agreement with Brussels on

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Analysis: OPEC disagreement lays bare growing UAE-Saudi economic rivalry

Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed al-Nahyan receives Saudi Crown Prince Mohammed bin Salman at the Presidential Airport in Abu Dhabi, United Arab Emirates November 27, 2019. WAM/Handout via REUTERS By Ghaida Ghantous, Marwa Rashad Rare public disagreement between the United Arab Emirates and Saudi Arabia over OPEC policy points to a growing

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China halts Kenya loans amid debt reprieve bid

Treasury Cabinet Secretary Ukur Yatani. By OTIATO GUGUYU China has frozen disbursements of active loans to Kenyan projects in the wake of differences over Nairobi’s bid to extend debt repayment holiday to December. Chinese-funded projects are facing a cash crunch, with contractors reporting delayed payments from banks like Exim Bank of China. Executives at State-owned

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Trump’s company braces for expected unveiling of criminal tax charges on Thursday

File – This file photo from Wednesday Jan. 11, 2017, shows President-elect Donald Trump, left, his chief financial officer Allen Weisselberg, center, and his son Donald Trump Jr., right, during a news conference at Trump Tower in New York. Prosecutors in New York are expected to bring the first criminal charges in a two-year investigation

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Somali government, World Bank sign $445 million projects

Photo/Somali Times The Minister of Finance of the Federal Government of Somalia, Abdirahman Duale Beyle, met with Kristina Svenssn, Somalia’s Representative to the World Bank, at the Ministry of Finance. The Finance Minister in his meeting with the World Bank’s representative in Somalia spoke of success to modify the economic and investment projects in the

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