Economy & Trade

Russia’s Tatarstan Opens Volga-Caspian Maritime Trade Route With Iran

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Russia’s Tatarstan Republic is looking to increase trade with Iran via the International North-South Transportation Corridor (INSTC), said Tatarstan’s Deputy Prime Minister and Minister of Industry and Trade Korobchenko Oleg Vladimirovich.

Turkmenistan Joins Caspian Nations With The International North-South Transport Corridor

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Turkmenistan plans to join the International North-South Transport Corridor (INSTC) being established by Russia, Iran and India, the Turkmen Deputy Prime Minister and Foreign Minister Rashid Meredov stated on Friday (August 19).

The Kish Island Free Trade Zone: Iran’s Popular Visa Free Middle East Tourism Hub

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Iran has completed a 127-kilometer gas pipeline from its Hormozgan Province to Kish Island, turning connectivity this Monday (August 22).

China-Türkiye: Bilateral Trade and Future Outlook

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China and Türkiye are finding more areas of common interest, such as the Belt and Road Initiative, which has increased bilateral trade and investments. In this article, we provide a short brief on bilateral political relations, Chinese investments in Türkiye, and the state of bilateral trade. China-Türkiye relations  In terms of official visits, in 2008, […]

Investing In Indonesia’s Halal Market: A US$200 Billion Opportunity For Middle East Businesses

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Indonesia’s Government Regulation 39 of 2021 (GR 39/2021) sets out the requirements for businesses to obtain Halal certification for their goods and services. Under the law, products that enter, circulate, and are traded in Indonesia must be Halal certified. To obtain certification, businesses must first apply to the Halal Product Assurance Agency. The agency will […]

Turkish Retailers Snap Up Contracts To Distribute Western Brands In Russia

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One way around the Russia sanctions: get someone else to do it for you   The Turkish holding FLO Retailing has received the right to sell goods under the Reebok brand in Russia, according to an August 22, mailing that the participants of the Reebok loyalty program began to receive.

Uzbek INSTC Routes To Europe & South Asia Given A Logistics Boost

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The Uzbekistan Ministry of Transport has agreed to simplify the regulations for international freight traffic with Iran and Turkmenistan. This is significant as Uzbekistan is a double-landlocked country and needs to reply on neighboring states to facilitate trade. The country, one of Central Asia’s most liberal, signed extensive trade agreements with the European Union and […]

China, Saudi Arabia Announce Massive Strategic Partnership Energy Agreement

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Links China’s Belt & Road Initiative with the Saudi Vision 2030 National Development Plan and bodes well for UAE based services and product suppliers.   The world’s largest oil-exporting company Saudi Arabian Oil Company (Saudi Aramco) has signed a memorandum of understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec). According to an official statement from […]

Russia And Türkiye Agree To Trade In Rubles And Dump US Dollar

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Plans to increase bilateral trade to US$100 billion by 2030 Turkish President Recep Tayyip Erdogan has said that at his meeting with Russian counterpart Vladimir Putin in Sochi on Friday (August 5) they reached an agreement to start using the Ruble in bilateral trade. Erdogan stated “At the meeting in Sochi with Mr. Putin, we […]

The Abraham Accords Are Attracting Chinese & Western Investment In The Middle East

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Dubai is repositioning itself as a Gateway to billions of dollars of Asian investment  Op/Ed by Chris Devonshire-Ellis   They’ve tended to be under the radar for many, however the Abraham Accords (AA), a series of treaties normalizing diplomatic relations between Israel, the United Arab Emirates (UAE), Bahrain, Sudan, and Morocco are already having a […]

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