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Russian Deputy Foreign Minister Alexander Grushko has noted unsatisfactory efforts being taken to release Russian exports of food and fertilizers under the grain deal, adding that the European Union comes up short on its promises. …
Oil and gas revenues of the Russian budget, according to preliminary data, amounted to 426 bln rubles ($5.96 bln) in January 2023 and decreased by 46% compared to January 2022, the Ministry of Finance said on Monday. "Oil and gas …
Armenia's economic activity in 2022 was up 14.2% as opposed to the previous year, according to the numbers, released by the National Statistical Committee (NSC). It said the economic activity surged by 21.5% in December 2022 …
The International Monetary Fund (IMF) has revised upwards the estimates of Russia's economic development and forecasts the country's GDP to grow by 0.3% in the current year and by 2.1% in 2024, according to the IMF’s World Economic …
The direct connection has been established between the banks of Iran and Russia, governor of the Iranian Central Bank Mohammadreza Farzin said. Farzin said that within the framework of the joint action plan of banking cooperation …
The Industrial Development Fund (IDF) plans to increase the share of co-financing of projects in the regions of the North Caucasus Federal District (NCFD) to 90%, Deputy Prime Minister of the Russian Federation, head of the Ministry of Industry …
The Russian Football Union (RFU) received $8 mn from the Union of European Football Associations, RFU Secretary General Maxim Mitrofanov informed. He stressed that the funds were transferred within the framework of one of the financial …
Iran's trade (excluding crude oil exports) with Caspian Sea littoral states reached 5.1 million tons worth $2.76 billion during the first nine months of the current Iranian year (March 21-Dec. 21), registering a 10.04% rise in value, but a …
Russian banks may start providing financial products based on the principles of Islamic banking as early as February 2023, Chairman of the State Duma Committee on the financial market Anatoly Aksakov told Izvestia. He stressed that the …
The Fifth Committee wrapped up the main part of its seventy-seventh session by sending the UN General Assembly a 2023 budget of nearly $3.4 billion while deciding to make the annual budget cycle a part of the Organization’s financial …
Elon Musk was the second person ever to amass a personal fortune of more than $200 billion, breaching that threshold in January 2021, months after Jeff Bezos. The Tesla Inc. chief executive officer has now achieved a …
The rise of technological advancements in the Middle East has spun across all sectors, with financial technology becoming a trademark for innovation. The fintech sector has become one of the most important industries in the world, gaining the …
In the period from January to November 2022, Georgia's international tourism revenue reached a record high. This was reported at the National Tourism Administration of Georgia on December 16. As noted, during this time Georgia …
Nine months ago, Olaf Scholz declared a Zeitenwende — a turning point — for Germany’s military
Russian energy giant Gazprom has started natural gas shipments to Azerbaijan under a new contract, the company announced on Friday. The new agreement was signed between SOCAR and Gazprom for natural gas shipments to Azerbaijan, a …
Saudi Arabia’s sovereign wealth fund helps bankroll what is ready to be the profitable bid for a stake in Vodafone’s €14.8bn towers enterprise led by personal fairness teams KKR and Global Infrastructure Partners, in accordance …
The Turkish startup ecosystem continues to attract fresh capital despite the headwinds
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 …
Turkey's competition authority said on Wednesday that it had fined Facebook-parent Meta Platforms Inc 346.72 million lira ($18.63 million) for violating competition law. In a statement, the Turkish Competition Board said it decided …
The decision on possible use of the Turkish payment system TROY as an alternative to Russia’s Mir may be announced by central banks of Russia and Turkey shortly, a source in Turkish financial circles said on Wednesday, adding that the sides …
