Business

03 May 2023; MEMO: Overlooked by a portrait of President Bashar Al-Assad and offering sticky sweets, a Syrian tourism booth in Dubai is trying to seize on an emerging rapprochement with Arab States to win back Gulf tourists it lost during more than a decade of war, Reuters reports.

03 May 2023; MEMO: Greece issued a series of warnings to ship-owners to avoid sailing close to Iranian waters days before Tehran seized two tankers amid heightening tensions in the region, according to documents and industry sources, Reuters reports.

Iran seized a second oil tanker in a week on Wednesday in Gulf waters, the US Navy said, the latest escalation in a series of seizures or attacks on commercial vessels in Gulf waters since 2019.

03 May 2023; MEMO: The US State Department warned, on Wednesday, that deepening ties between Iran and the Syrian government should be of great concern to the world, after Iranian President Ebrahim Raisi met counterpart, Bashar Al-Assad, in Damascus in the first visit by an Iranian head of state since Syria's war began in 2011, Reuters reports.

02 May 2023; MEMO: Some 80 per cent of Israeli firms founded by Israeli entrepreneurs are relocating to other countries due to the planned judicial overhaul, Israeli economic outlet the Globes reported.

30 Apr 2023; AA: A fashion industry worker, Muhammad Ershadul Haque, 36, migrated to the Hemayetpur neighborhood in Savar on the outskirts of the Bangladeshi capital Dhaka -- more than 300 kilometers (186 miles) from his village in northern Gangachara.

He left Babupara in the northern Rangpur district after he lost his last farming land to a Teesta River erosion.

Tehran, IRNA – Iran will start construction of six steam units in two power plants with an investment of 800 million euros, according to the CEO of Saba Group, an energy holding operated by government-affiliated Mostazafan Foundation.

Mohsen Amiri said on Sunday that the Iranian government had approved the allocation of funds for the six new steam power plants, adding that Iran's National Development Fund will provide for the foreign exchange investment needed in the projects.

Tehran, IRNA – Iranian Minister of Industry, Mine, and Trade Reza Fatemi Amin was dismissed from his post after failing to regain the vote of confidence of lawmakers in the Iranian parliament.

Fatemi Amin appeared in a parliament impeachment session to defend his performance on Sunday.

The impeachment motion gained the approval votes of 162 out of 272 lawmakers present in the session. Some 102 MPs voted against the motion, two abstained and six votes were dismissed.

30 Apr 2023; MEMO: Athens and Ankara should take bolder steps to improve relations, the Greek foreign minister said Saturday, reports Anadolu Agency.

30 Apr 2023; MEMO: China has resumed construction work on a military base in the United Arab Emirates in defiance of displeasure by the United States, leaked intelligence documents have revealed.

According to the Washington Post, leaked US intelligence documents that it obtained reportedly show that Chinese plans to continue construction in its military base in the UAE have gone ahead.

30 Apr 2023; MEMO: Turkish defence firm Baykar aims to begin production of its new unmanned combat aerial vehicle (UCAV) next year which is already attracting international interest, its chairman Selcuk Bayraktar said, reports Reuters.