Business

23 Mar 2023; MEMO: Saudi Foreign Minister, Prince Faisal Bin Farhan Al Saud, agreed to meet with his Iranian counterpart, Hossein Amir Abdollahian, soon in order to pave the way for the reopening of embassies and consulates.

The official Saudi Press Agency reported today that the two ministers exchanged greetings on the occasion of the holy month of Ramadan.

Efforts to resume the stalled talks in Vienna aimed at the revival of the 2015 nuclear deal have gathered momentum again amid geopolitical shifts spurred by the Tehran-Riyadh rapprochement, Anadolu News Agency reports.

Iran's deputy Foreign Minister and lead nuclear negotiator, Ali Bagheri, on Wednesday night confirmed reports about his meeting with senior European diplomats in Oslo last week.

23 Mar 2023; MEMO: Russian President, Vladimir Putin, on Thursday held a phone call with Sultan of Oman, Haitham bin Tariq Al Said, the first telephone conversation between the two countries' leaders since the establishment of diplomatic relations, the Kremlin said, Anadolu News Agency reports.

According to a statement, the two sides reviewed the current status of the Russia-Oman interaction and its development prospects.

23 Mar 2023; MEMO: Syria and Saudi Arabia have agreed to re-open their embassies after cutting diplomatic ties more than a decade ago, three sources with knowledge of the matter said, a step that would mark a leap forward in Damascus's return to the Arab fold, Reuters reports.

22 Mar 2023; MEMO: Turks overwhelmingly favour a ban on home sales to foreigners, a view that straddles the country's political divide and echoes the backlash against a deluge of buyers in countries from Canada to Portugal, Bloomberg reports.

According to the report, about 79 per cent of Turkish citizens think home sales to foreign nationals should be banned, according to a survey by Metropoll.

21 Mar 2023; MEMO: Saudi Arabia's investment in Credit Suisse is almost wiped out and is expected to lose $1.5 billion, the Wall Street Journal has reported. Crown Prince Mohammed Bin Salman directed the government-backed Saudi national bank to make the investment last year following an increase in the price of oil. He reportedly made the investment against the opinion of his advisers.

21 Mar 2023; MEMO: Iran is ready to expand its cooperation with Russia in the energy sector, including in the development of "peaceful" nuclear energy, Iranian Economy Minister, Ehsan Khandouzi, said in an interview with Russia's RIA state news agency.

22 Mar 2023; MEMO: Russian investors established more than 1,300 companies in Turkiye in 2022, a significant increase from the previous year, a new report has revealed.

Issued by the Economic Policy Research Foundation of Turkiye (TEPAV) the report indicated that the increase in Russian companies was a 670 per cent increase compared to 2021.

20 Mar 2023; MEMO: Indian Kashmir is to get its first foreign investment, with Dubai's Emaar Group due to build a $60 million shopping and office complex, as the government looks to stabilise a region where Muslim separatists have for years battled the government, Reuters reports.

20 Mar 2023; MEMO: An Egyptian start-up is aiming to turn more than 5 billion plastic bags into tiles tougher than cement as it tackles the twin problems of tonnes of waste entering the Mediterranean Sea and high levels of building sector emissions, Reuters reports.