business in the East

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Saudi businessmen to visit Azerbaijan's liberated territories

Saudi businessmen to visit Azerbaijan's liberated territories

A preliminary agreement was reached on the visit of a number of Saudi Arabian companies and businessmen to the liberated territories by the end of this year. The preliminary agreement was reached during the meeting between …

Uzbekistan plans to export gas to EU

Uzbekistan plans to export gas to EU

Uzbek Sanoat Energetika Guruhi (SEG) plans to expand the geography of its exports, the company said. The company noted that in the future it is planning to export such products as gas, industrial and base oils, slack wax to European …

Tokayev pays first official visit to Iran

Tokayev pays first official visit to Iran

On Sunday, June 19, President of Kazakhstan Kassym-Jomart Tokayev arrived in Tehran on an official visit. During the visit, the Head of state met with Iranian President Ebrahim Raisi. The parties discussed in detail the state and …

Tehran could cancel visas for Russian businessmen

Tehran could cancel visas for Russian businessmen

Iran is considering canceling visas for Russian businessmen in an effort to encourage investment, Iran's Deputy Foreign Minister for Economic Diplomacy Mehdi Safari said. "Three issues - energy, trade and transit - are the most …

Russia replaces Western brands with Turkish ones

Russia replaces Western brands with Turkish ones

Turkish companies may have 3 million square meters of vacant space after some brands left Russia's market, president of the Russian Council of shopping centers Dmitry Moskalenko said. "We are entering a new phase of …

Reebok sells its business in Russia to Turkish retailer

Reebok sells its business in Russia to Turkish retailer

Turkey's online shoe store FLO and an American fitness footwear and clothing manufacturer Reebok have signed a cooperation deal: the new owner now has 100 Reebok stores in Russia. The Russian-Turkish deal's three …

Uzbek boots to enter Russian market

Uzbek boots to enter Russian market

The Russian brand SOL intends to import shoes from Uzbekistan, including children's, elite and sports shoes, Uzcharmsanoat reports. The corresponding negotiations took place in Tashkent. The parties discussed issues of further …

Damage to business from riots in Kazakhstan surpasses $213 mln

Damage to business from riots in Kazakhstan surpasses $213 mln

The damage to business in Kazakhstan from riots in the country is estimated at more than 93.7 bln tenge (over $213 mln), the press service of Atameken National Chamber of Entrepreneurs reported on Monday. "As of 09:00 (06:00 Moscow …

Kazakhstan introduces tax on Google

Kazakhstan introduces tax on Google

Today, a new tax on Google was introduced in Kazakhstan - all foreign companies selling their goods and services via the Internet are obliged to pay VAT on sales to the budget of the Republic of Kazakhstan. For each product or service …

Taliban* promises Uzbekistan to pay for electricity

Taliban* promises Uzbekistan to pay for electricity

Deputy Prime Minister of Uzbekistan Sardor Umurzakov said today that the Taliban movement prohibited in Russia, which took power in Afghanistan, promised Tashkent to close all debts for electricity. "We held a discussion, …

Biden prohibits U.S. investment in 59 Chinese companies

Biden prohibits U.S. investment in 59 Chinese companies

U.S. President Joe Biden on Thursday expanded restrictions on American investments in certain Chinese companies with alleged ties to the country’s military and surveillance efforts, adding more firms to a growing blacklist. In an …

Turkey slaps ad ban on Twitter, Periscope and Pinterest

Turkey slaps ad ban on Twitter, Periscope and Pinterest

Ankara has imposed advertising bans on Twitter, Periscope and Pinterest after they failed to appoint local representatives in Turkey under a new social media law, according to decisions published on Tuesday. Under the law, which critics …

Iran convicts U.S. businessman on spying charge

Iran convicts U.S. businessman on spying charge

Iran convicted an American businessman on a spying charge and sentenced him to 10 years in prison weeks after the U.S. election.  A family friend of Iranian-American Emad Shargi, 56, said he was called to court on Nov. 30, …

Iranian businessmen ready to provide needs of Karabakh

Iranian businessmen ready to provide needs of Karabakh

Chairman of Iran's Chamber of Commerce, Industries, Mines and Agriculture Hassan Entezar said that Iranian businessmen especially in West Azarbaijan Province are ready to further develop trade ties with Azerbaijan, provide the needs of …

New company launches leap in November in Turkey

New company launches leap in November in Turkey

The number of newly established companies in Turkey jumped 12% year-on-year in November, the country's top trade body said on Friday. A Union of Chambers and Commodity Exchanges of Turkey (TOBB) report showed 8,669 companies were …