Business

Business & Economy

Elon Musk says he looks forward to attending Turkiye's TEKNOFEST 2024

29 September 2023; MEMO: Tesla and SpaceX CEO, Elon Musk, said on Friday that he will be attending Turkiye’s largest tech and aviation event TEKNOFEST next year, Anadolu Agency reports.

Thanking Turkish President, Recep Tayyip Erdogan, for the invitation, Elon Musk said on X: “I look forward to attending in person next year, as well as discussing further opportunities for investment in Turkiye.”

Iran, Saudi Arabia discuss cancelling visa requirements between the two countries, developing tourism

30 September 2023; MEMO: Iranian Deputy Minister of Cultural Heritage and Tourism Maryam Jalali Dehkordi announced the continuation of Iranian and Saudi efforts to develop tourism relations and cancel visa requirements between the two countries.

Pakistan, GCC sign preliminary free trade agreement

01 October 2023; MEMO: The Gulf Cooperation Council (GCC) and Pakistan have signed a preliminary deal on a free trade agreement (FTA), as both seek to boost trade and ties with one another.

According to a press release issued by Pakistan’s Ministry of Commerce, the Interim Commerce Minister Gohar Ejaz and GCC Secretary General Jassem Mohamed Albudaiwi concluded the final round of negotiations on Thursday at the GCC headquarters in Saudi Arabia’s capital Riyadh,

UK: To save the United Kingdom’s economy, Sunak urges Germany to approve fighter jet delivery to Saudi Arabia

27 September 2023; MEMO: British Prime Minister, Rishi Sunak, has urged Germany to approve the delivery of fighter jets to Saudi Arabia, in an apparent bid to save the United Kingdom’s economy from further detriment.

Turkey: Erdogan urges creation of Zangezur corridor to Azerbaijan ‘as soon as possible’

28 September 2023; MEMO: Turkiye’s President Recep Tayyip Erdogan has urged the establishment of the strategic Zangezur corridor in order to accelerate the territorial connection between Turkiye and Azerbaijan, as well as the Nakhchivan exclave of the latter.

Russian foreign minister on Black Sea grain deal: 'We were lied to'

24 September 2023; MEMO: Russia was lied to about the Black Sea grain deal, Foreign Minister Sergei Lavrov said Saturday, reports Anadolu Agency.

When asked by Anadolu if he has a response to UN Secretary-General Antonio Guterres’ remarks when he said some are questioning if Russia has “any real interest in re-joining the Black Sea Initiative,” Lavrov said he cannot respond to “his mood at that.”

“We were lied to, and the Secretary-General was forced to, was misled,” he said.

UK: Thousands in London protest Brexit, call for rejoining EU

23 September 2023; AA: Thousands of anti-Brexit protesters on Saturday gathered in the British capital to call for rejoining the EU.

Organized by the National Rejoin March, thousands of people marched toward Parliament Square and demanded "we want our star back."

The protesters were carrying EU flags and wearing hats and t-shirts which also featured the EU flag. They were also carrying banners that called on the government to resign.

US approves $500m military vehicle maintenance package for Saudi Arabia

23 September 2023; MEMO: The US State Department has approved a potential $500 million deal to provide maintenance support for Saudi Arabia’s fleet of combat vehicles, the Defence Security Cooperation Agency announced yesterday.

The deal would cover spare parts, components and repair services for vehicles, including Abrams tanks and Bradley Fighting Vehicles operated by the Royal Saudi Land Forces.

Turkiye pushes interest rates up to highest level since 2003

23 September 2023; MEMO: The Turkish Central Bank has, once again, hiked interest rates in the country, pushing its policy rate up five points to 30 per cent, in a continued effort to curb soaring inflation, AP reports.

According to the report, the Bank said, on Thursday, that the increase was necessary in the face of services inflation and surging oil prices. It means that the country’s interest rate is sitting at a level not seen since 2003.

Subscribe to Business