Energy and Natural Resources Minister Alparslan Bayraktar has stated that a new era in oil and natural gas exploration will begin in Turkey. In an interview with Hürriyet, Bayraktar explained that Turkey may revise its current energy strategy, with plans to usher in significant changes in…
Emirates NBD, Dubai’s largest bank by assets, has announced plans to delist Emirates Islamic Bank (EIB) from the Dubai Financial Market (DFM) after acquiring 100% of the sharia-compliant lender. Emirates NBD made a mandatory cash offer to purchase the remaining 0.11% of EIB’s shares, amounting to…
U.S. President Donald Trump confirmed on February 24 that the tariffs he proposed on Canadian and Mexican imports are proceeding as scheduled. After taking office, Trump announced up to 25% duties on imports from both countries, citing concerns over illegal immigration and the influx of fentanyl.…
Iraq has reaffirmed its commitment to the Opec+ agreement and announced plans to present an updated strategy to compensate for previous overproduction. This follows discussions between Iraq’s oil minister, Hayan Abdel-Ghani, and officials from Saudi Arabia, Russia, and Opec. As Opec’s second-largest producer, Iraq emphasized its…
Turkey’s cruise industry, valued at $3 billion in 2023, is poised for significant growth in 2025, fueled by new winter cruises and the ongoing geopolitical instability affecting other eastern Mediterranean destinations. Cruise ship traffic plays a crucial role in the revenue of Turkish port operators, such…
Expatriate remittances to Egypt, a vital source of foreign currency, surged by 52% year-on-year to reach $30 billion in 2024, as reported by the central bank. The substantial increase in remittances was largely driven by Egypt’s economic reforms introduced in March 2024, along with the implementation…
U.S. President Donald Trump expressed optimism that Russia’s war in Ukraine could soon come to an end during a meeting with French President Emmanuel Macron on Monday, the third anniversary of the invasion. In his comments on the conflict, Trump stated that he believed Russian President…
By STAN CHOEUpdated 12:03 AM GMT+3, February 25, 2025 NEW YORK (AP) — U.S. stocks edged lower on Monday after enduring significant losses the previous week. Trading was mixed across the major indices: the S&P 500 fell by 0.5% after oscillating between minor gains and setbacks,…
Apple has announced plans to invest $500 billion in the United States over the next four years, a move that includes hiring 20,000 new employees and constructing a new server facility in Texas. This announcement follows closely after President Donald Trump stated that Apple CEO Tim…
On Monday, the European Union announced a suspension of sanctions on Syria’s energy, transport, and banking sectors as part of efforts to support the country’s reconstruction following the downfall of Bashar al-Assad. Syria’s new leadership, which has been pressing for the removal of sanctions imposed on…
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