Business

President Recep Tayyip Erdogan, on Wednesday, announced that Turkiye would be cutting electricity and natural gas prices while also pledging an increase in the minimum wage, local media says.

According to the report, electricity prices will be lowered by 15 per cent, and gas prices for industrial users will be reduced by 20 per cent in April, Erdogan told the lawmakers from his ruling Justice and Development Party (AK Party) in Parliament.

30 Mar 2023; MEMO: QatarEnergy entered into a farm-in agreement with ExxonMobil Canada for two exploration licenses gas offshore the province of Newfoundland and Labrador in Canada, Qatari media reports.

30 Mar 2023; MEMO: Turkiye's President, Tayyip Erdogan, said on Wednesday his Russian counterpart, Vladimir Putin, may visit Turkiye on 27 April for the inauguration of the country's first nuclear power reactor built by Russia's state nuclear energy company, Rosatom, Reuters reports.

30 Mar 2023; MEMO: Saudi Arabia and China have launched a joint venture of integrated refinery and petrochemical complex for fine chemicals and raw materials under the multi-trillion-dollar Belt and Road Initiative (BRI), Anadolu News Agency reports.

The $12.2 billion project between China and Saudi Arabia, dubbed as a "green and low-carbon initiative", was launched in Panjin city of north-eastern Liaoning province, according to the Chinese daily, Global Times.

30 Mar 2023; MEMO: Canada has announced its intention to introduce legislation to eradicate forced labour from its supply chains, sparked by China's ongoing persecution of its Uyghur Muslim population and the conditions in which they are forced to work.

30 Mar 2023; MEMO: Saudi Arabia's decision to join the Shanghai Cooperation Organisation has been met with much debate and controversy over how close the kingdom is getting to China and Russia.

Mumbai, Mar 28 (PTI) The three-day deliberations at the first meeting of the trade and investment working group of G-20 began in the financial capital on Tuesday.

Delegates visited the Bharat Diamond Bourse, the largest diamond bourse in the world, and were also briefed about the industry, which exports to the tune of USD 23 billion annually, as per an official statement.

New Delhi, Mar 28 (PTI) India is free to use its resources to fulfil the energy needs of its people and countries historically responsible for climate change cannot ask it to stop its development, Union Environment Minister Bhupender Yadav said on Tuesday.

Addressing an event organised by trade association ASSOCHAM, he said India believes in climate justice which means everyone has access to resources to lead a dignified life.

28 Mar 2023; MEMO: Israel's embassies and consulates around the world yesterday joined a general strike intended to force Prime Minister Benjamin Netanyahu to suspend his government's plan to overhaul the judicial system, Israel's national trade union Histadrut announced.

"The activities of the Ministry of Foreign Affairs in the country and abroad will be limited to emergency services," Histadrut said in a letter.

28 Mar 2023; MEMO: Egypt plans to offer tourists a multi-entry, five-year visa for $700 in a bid to boost tourism, the Minister of Tourism and Antiquities has announced.

According to a report in Anadolu, Ahmed Issa told reporters on Monday that further moves have been approved to encourage foreign tourism. They include a decision to facilitate the entry of Iranian tourists, as well as other facilities for Chinese, Indian, Moroccan and Algerian nationals.