Iran estimates damages from US, Israeli strikes at 270 bln
Over 3,000 lawsuits have been filed against Israel and the US to date
finances in the East
Azerbaijan and UAE scale back mutual investments in 2025
In 2025, Baku and Abu Dhabi reduced their investments in each other's economies compared to 2024. Together, the two countries invested slightly more than $700 million in each other's economies in the previous year.
Ankara resumes economic dialogue with Brussels
After a six-year hiatus, the Türkiye-EU High-Level Economic Dialogue is set to resume in Brussels on April 2. The decision to revive the dialogue was made at the EU General Affairs Council meeting last December and later approved …
Georgian PM left for UAE to get multi-billion investment
Georgian Prime Minister Irakli Kobakhidze started his official visit to the United Arab Emirates on Sunday, the Government Administration …
VTB branch to open in Tehran
By the end of 2025, the first branch of a Russian bank will open in the capital of Iran, Tehran. VTB will transform its representative office in Iran into a branch. It will support foreign economic activity for Russian and Iranian companies.
Russian financiers prepare to enter Kazakh market
Russian financial group Finam may soon enter the Kazakhstani financial market, as the trader is already in talks to buy a brokerage company in Kazakhstan.
Chinese bank opens representative office in Tashkent
It will serve the clients from 8 countries of the South Caucasus and Central Asia
Russia-China trade increasing
Trade turnover between Russia and China increased by 2.8% in January-October year-on-year to $202.2 bln, the General Administration of Customs of the People's Republic of China reported. Exports from Russia to China added 1.1% in …
Turkish banks resume opening accounts for Russians
Turkey's state-owned banks continue to open accounts for Russian citizens, but if certain conditions are met, including a Turkish residence permit and a work …
Ilham Aliyev: Azerbaijan is a reliable country between Asia and Europe
Ilham Aliyev said that Azerbaijan had invested more than $20 billion in the economy of the Turkic states. He noted that the country made a valuable contribution to the work of the East-West corridor.
Former Sberbank subsidiary in Kazakhstan could be acquired by new investor
An investor from Qatar is evaluating Kazakhstan's Bereke Bank - a former subsidiary of Sberbank, chairman of the Agency for Regulation and Development of the Financial Market of Kazakhstan Madina Abylkasymova said.
Islamic banking in Uzbekistan has great future
There are great prospects for the development of Islamic banking in Uzbekistan, since most of the population is Muslim. This tool is able to attract up to $10 billion to Uzbekistan per year.
Türkiye raises minimum wage again
For the second time in 6 months, Türkiye will increase the minimum wage. It will grow by 34% from July 1. This decision will increase the purchasing power of citizens.
Tatneft acquires Turkish filling station network
Tatneft has acquired a large network of filling stations in Türkiye
Russia becomes main importer of Turkish citrus fruits
In the first three months of this year, citrus exports from Türkiye increased by 12% and amounted to $351 million. Russia, Ukraine and Poland became the main importers of Turkish fruits.
Iran's foreign trade increases in seven months
The value of Iran’s non-oil export rose 5.6% during the first seven months of the current Iranian calendar year (March 21-October 22) as compared to the same period of time in the past year, the spokesman of the Islamic Republic of Iran …
Türkiye to ignore G7 sanctions against Russian oil
Ankara can purchase and transport Russian oil without the need for Western financing or insurance, Treasury and Finance Minister Nureddin Nebati said. When asked whether Turkish buyers would comply with the requirements of the G7 …
Central bank of Türkiye lowers interest rates again
The Central Bank of Türkiye has decided to cut the discount rate from 13% to 12%, the regulator's press service reports. "The Monetary Policy Committee has decided to lower the rate at weekly repo auctions (a short-term …
Payment in rubles to benefit Russia and Turkey, Erdogan says
Turkish President Recep Tayyip Erdogan, in an interview with reporters, spoke about the talks with Russian leader Vladimir Putin, which took place in Sochi. He noted that the parties reached an agreement on the start of the transition …
Sberbank to cooperate with Iranian bank
Commercial bank Bank Melli Iran has signed cooperation agreements with Russia's Sberbank, Iranian Press TV reported. It is noted that the memorandum was signed by the CEO of Bank Melli Iran Mohammad Reza Farzin, who is on a visit to …
