Business

27 August 2022; MEMO: The announcement of French President Emmanuel Macron on Friday that Algerian gas constitutes a small amount of French energy sources refutes reports that a large portion of Algerian gas goes to France, Algerian newspaper Echorouk reported.

26 August 2022; MEMO: Officials from Turkiye, Finland and Sweden are expected to meet at an undisclosed location in Finland today to discuss security concerns which Ankara raised as a precondition for allowing the two Nordic countries to join the NATO military alliance, Reuters reported.

25 August 2022; MEMO: Egyptians working around the world transferred $31.9 billion to Egypt in the fiscal year 2021/22, up from $31.5 billion in 2020/21, a 1.6 per cent increase, the Central Bank of Egypt said in a statement yesterday.

The statement indicated that the period from April to June 2022 witnessed an increase in remittances by three per cent, recording $8.3 billion, compared to $8.1 billion in the corresponding period of the previous year.

The fiscal year in Egypt begins on 1 July each year.

24 August 2022; MEMO: Turkiye's Foreign Minister, Mevlüt Çavuşoğlu, said Turkiye will not buy F-16 warplanes from the US if restrictions are imposed on their use, Haber Global TV reports.

According to the report, the US House of Representatives, in July, proposed allowing President Joe Biden to sell Turkiye upgraded F-16s on condition that Ankara will not deploy them for unauthorised territorial over-flights of Greece.

24 August 2022; MEMO: Iran has received Washington's response to an EU-drafted final offer for saving Tehran's 2015 nuclear deal with major powers, Iran's Foreign Ministry said on Wednesday, giving no firm indication of how close they are to narrowing remaining gaps Reuters reports.

24 August 2022; MEMO: The United States has expressed its concerns to Turkiye over its ongoing business ties and trade with Russia, warning it of similar sanctions on Turkish businesses, if cooperation continues.

25 August 2022; MEMO: Turkiye's economy expanded 7.5 per cent annually in the second quarter of 2022, Reuters reports.

According to the report, President Recep Tayyip Erdogan's new economic programme pushed the lira to end last year down 44 per cent against the dollar and shed another 27 per cent so far this year.

On the other hand, Turkiye's Erdogan said last week that Turkiye does not need interest rate hikes despite high inflation rates. Turkiye's inflation rate hit almost 80 per cent – a 24-year high – last month.

Kanpur: Like all other things impact of inflationary trends falls upon the repairing of the bikes, scooty and cycles also.

For merely restoring the punctured tubeless tyre the charge for a scooty wheel comes at Rs 40 or 60 only for checking the puncture spot as well as injecting the readymade stick into the wheel.

When the scooty owner objected to the surplus charge the repair shop owner did not reduce the amount but started arguing with the man owning the scooty.

23 August 2022; MEMO: The Pakistani army is to provide security at the upcoming FIFA World Cup in Qatar at the end of this year after the country's federal cabinet approved a draft agreement which will be signed between Doha and Islamabad.

23 August 2022; MEMO: Uzbekistan's President has returned from a trip to Saudi Arabia with $14 billion in promised investments, his office says, Taskent Times reports.

According to the report, Saudi Arabia is preparing to pay $12 billion for chronic energy shortages.

The agreements include a pledge for Saudi firm, ACWA Power, to build a 1.5 GW wind farm in Karakalpakstan.