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All littoral states agree on non-presence of outsiders in Caspian Sea: Iranian President

02 July 2022; Tehran (ISNA) - Iranian President said that preventing the presence of outsiders in the Caspian Sea is agreed by all its coastal countries and stressed, "Cooperation between countries in the fields of transport and transit, trade, management of marine resources and environment will be reviewed in the Sixth Summit of the Caspian Littoral States".

Iranian, Russian officials discuss JCPOA in Moscow

02 July 2022; Tehran (ISNA) – Iran’s Deputy Foreign Minister and top negotiator Ali Bagheri met his Russian counterpart Sergey Ryabkov in Moscow.

Mikhail Ulyanov, the Permanent Representative of Russia to the International Organizations and Russia’s top negotiator in Vienna, has also been present in the talks, according to his own Twitter post on July 1.

The meeting in Moscow came two days after Doha talks which were held on Tuesday and Wednesday over issues that remained from the Vienna talks.

UAE, Indonesia sign free trade agreement

01 July 2022; MEMO: Indonesia and the United Arab Emirates today signed a free trade agreement, strengthening economic ties between Southeast Asia's largest economy and the major oil producer Gulf state, Reuters reports.

The Indonesian Trade Ministry's Director General of International Trade Negotiations Djatmiko Bris Witjaksono told the news agency the agreement had been signed in Abu Dhabi, the UAE capital.

UAE ports group buys 70% stake in Egypt cargo and terminal operator

01 July 2022; MEMO: The UAE's AD Ports Group today announced that it has reached an agreement to acquire a 70 per cent equity stake in an Egyptian container shipping company, WAM reported.

The total purchase consideration of this transaction amounts to 514 million dirhams ($140 million). The acquisition will be fully funded from AD Ports Group's existing cash reserves and is the first international acquisition by the UAE group.

IMF delegation heading to Tunisia to start loan talks - Central Bank

01 July 2022; MEMO: A delegation from the International Monetary Fund will visit Tunisia on Monday to start negotiations over a loan programme, a Central Bank official told Reuters on Friday.

This follows the completion of technical talks between the IMF and Tunisia, said Zied Mouhli, a Central Bank spokesperson.

Tunisia, which is facing a financial crisis, is seeking to reach a loan deal in return for an unpopular reform package to shore up its struggling public finances.

Turkiye can re-export Black Sea grains to States in need - Erdogan

01 July 2022; MEMO: Turkiye can re-export grain products like wheat, oat, and barley from the Black Sea to countries in need after talks with Russia and Ukraine, President Tayyip Erdogan said on Friday, adding he would discuss the matter with both countries in the coming days, Reuters reports.

Malaysia Must Make Known Its Palm Oil Sustainability Initiatives – Dons

KUALA LUMPUR, July 1 (NNN-Bernama) — International experts said Malaysia must aggressively communicate its palm oil sustainability initiatives, particularly the Malaysian Sustainable Palm Oil (MSPO) certification scheme, in order to remove the commodity’s high-risk status.

Declining to be named, these experts participated in a Malaysian Palm Oil Council (MPOC) webinar series “Meeting the Challenge of Improving Labour Rights in the Malaysian Palm Oil Supply Chain” today, conducted under the Chatham House rule.

Indian Rupee drops 46 paise to close at record low of 78.83 against US dollar

Mumbai, Jun 28 (PTI) The rupee plunged by 46 paise to close at record low of 78.83 (provisional) against the US dollar on Tuesday, weighed down by persistent foreign capital outflows and a surge in crude oil prices.

At the interbank foreign exchange market, the rupee opened lower at 78.53 against the greenback and finally settled at 78.83, down 46 paise over its previous close.

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