Business

23 February 2024; MEMO: Nestlé has seen “hesitancy among consumers and a preference for local brands” in the Middle East since the start of the Israeli devastating war on the besieged Gaza Strip, its CEO said in a call with journalists on Thursday, Reuters reports.

23 February 2024; MEMO: Talks with Egypt to boost its International Monetary Fund loan programme are making excellent progress, the IMF said yesterday, saying that Egypt needs a “very comprehensive support package” to deal with economic challenges, including pressures from the war in Gaza, Reuters reports.

26 February 2024; MEMO: Yemen’s Houthis fired a missile that likely targeted the “Torm Thor” in the Gulf of Aden on 24 February, but missed the US-flagged oil tanker, the US Central Command (CENTCOM) said on Monday, as the group steps up attacks on ships, Reuters reports.

26 February 2024; MEMO: Trade and investments between Turkiye and South Africa are booming, with an increase reported annually, Turkey’s Ambassador to Pretoria said Monday, Anadolu Agency reports.

“The total volume of Turkish investments in South Africa is $32 million. In 2022, it was $ 31 million, which is an increase,” Aysegul Kandas told Anadolu in an interview at her office in the capital, Pretoria.

26 February 2024; MEMO: Jacob Rothschild, a British Jewish banker, passed away at the age of 87, his family announced on Monday, Anadolu Agency reports.

7 December 2023; MEMO: Saudi Arabia’s Crown Prince, Mohammed Bin Salman, has praised the Kingdom’s relationship and coordination with Russia as having “helped remove tensions in the Middle East”, as the two oil giants continue to advance relations and steer global oil markets.

7 December 2023; MEMO: After years of strained relations that raised tensions to alarming levels, long time regional rivals, Greece and Turkiye, made a significant step Thursday in mending ties during a visit to Athens by Turkish President, Recep Tayyip Erdogan, AP reports.

5 December 2023; MEMO: Google has removed a mobile app from its store that helps people boycott companies linked to Israel.

The @NoThanks boycott account on social media confirmed that its NoThanks app was temporarily removed because its description contained a sentence about determining if “your hand supports killing children in Palestine or not.”

28 November 2023; MEMO: Over 17,000 foreign workers have left Israel since 7 October, after Israel launched its bombing campaign against the besieged Gaza Strip, the Maariv newspaper reported citing a senior official.

23 November 2023; MEMO: Turkiye has signed an agreement to extend its liquefied natural gas (LNG) deal with Algeria for three years, according to a report by Reuters yesterday. State energy firm Botas signed the agreement to extend its existing gas supply contract with Algerian state oil and gas company Sonatrach during an official visit to Algiers by Turkish President Recep Tayyip Erdogan.