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economic cooperation

Iraq’s Maliki discusses oil project with Russian company

Source : AFP | 01 Jul 2013

Iraqi Prime Minister Nuri al-Maliki held talks in Moscow on Monday with the Russian oil company Lukoil about enacting an existing energy contract and possible participation in future deals, Lukoil said.

Lukoil said that Maliki and Iraqi Oil Minister Abdelkarim al-Luaybi met its chief executive, Vagit Alekperov, to discuss Lukoil’s participation in the West Qurna 2 oil field.

Lukoil and Norway’s Statoil won the right to develop a section of Qurna, one of Iraq’s largest oil fields, in 2009.

Turkey-Russia JEC Meeting held in Antalya

Source : Agencies | 20 Apr 2013

Turkey-Russia Joint Economic Committee (JEC) 12th Term Meeting was held in the southern province of Antalya on Saturday with the participation of Turkish Minister of Energy and Natural Sources Taner Yildiz and Russian Minister of Energy Aleksandr Novak.

Speaking to reporters during a portion of the meeting that was opened to the press corps, Taner Yildiz stressed that there was potential to increase the trade volume of 34 billion USD with Russia.

Egypt's Mursi fails to secure loan, grain from Russia

Russian officials said only that Moscow would consider the loan request and that it might increase grain supplies if its harvest reached the target level this year.
Source : Agencies | 20 Apr 2013

Egyptian President Mohamed Mursi asked Russia on Friday for grain and a loan to help ease a deepening economic crisis but secured neither at talks with President Vladimir Putin.

Ankara summit: ‘Trilateral trade council’ launched

Source : The Express Tribune | 13 Dec 2012

In an effort to promote trade an economic cooperation, Pakistan, Afghanistan and Turkey on Wednesday set up ‘trilateral trade council’ at a summit meeting among the presidents of the three countries. 

Turkey, Malaysia have potential to make $11.7 bln trade

Source : Agencies | 12 Oct 2012

Turkish Economy Minister Zafer Caglayan said on Friday that Turkey and Malaysia had potential to make 11.7 billion U.S. dollars of foreign trade.

Delivering a speech at the Turkish-Malaysian Business Council meeting, Caglayan said that although total foreign trade of both countries was more than 776 billion U.S. dollars, trade volume between the two countries was 1.7 billion U.S. dollars.

The two countries would work to increase trade volume to 5 billion U.S. dollars in a shortest period of time, he said.

Saudi Arabia, Pakistan to expand ties

Source : Arab News | 28 Sep 2012

Saudi Arabia favors Free Trade Agreement (FTA) with Pakistan, but is waiting approval of the Gulf Cooperation Council for initiating the process, said Commerce and Industry Minister Tawfiq Al-Rabiah here yesterday.

Speaking to reporters at the conclusion of the 9th session of Saudi-Pakistan Joint Commission, he said the two countries have agreed to expand bilateral economic and trade relations.

Trade Expands China Muslim Minority

Source : OnIslam | 13 Aug 2012

Growing from a handful of Muslim residents a decade ago, the Muslim community in the south-west of Shanghai Yiwu city has remarkably become the fastest growing Muslim community in China.

"It is really spectacular," the mosque's imam, Aisin-Gioro Baoquan, said of the increase in the number of Yiwu's Muslims, The National newspaper reported on Sunday, August 12.

Saudi Arabi and Ireland to establish business council to boost trade

By : Mohammed Rasooldeen | Arab News | Riyadh | 26 Jun 2012

Saudi Arabia and Ireland entered into an agreement yesterday to establish a Saudi-Irish Business Council (SIBC) to improve bilateral trade between the two countries.

The memorandum of understanding was signed between the President of the Council of Saudi Chambers of commerce and Industry (CSCCI) Abdullah Al-Mobty and Cochairman of the proposed council Joseph Lynch at the CSCCI headquarters in the capital yesterday.

The MOU was signed in the presence of Irish Ambassador Niall Holohan and other CSCCI's key officials.

Russia Kazakhstan extend friendship treaty for 10 years

Source : IANS/RIA Novosti | Astana | 08 Jun 2012

Russia and Kazakhstan have agreed to extend their bilateral Friendship Treaty, originally signed in 1992, for an additional 10 years.

The protocol on amendments to the treaty was signed by Russian President Vladimir Putin and his Kazakh counterpart Nursultan Nazarbayev after talks in the Kazakh capital Astana.

Both sides also agreed to step up efforts to expand bilateral cooperation and integration. Moscow and Astana have plans to increase trade from the current $24 billion to $40 billion annually over the next few years.

Turkish-Italian JV to build 3rd Bosporus bridge

Source : Agencies | 30 May 2012

A joint venture between Turkish construction firm İÇTAŞ and Italian construction group Astaldi has won the tender for the North Marmara Highway project, which will involve the construction of a third bridge over the Bosporus Strait, Minister of Transport Binali Yıldırım announced in Ankara on Tuesday.

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