Turkish President Recep Tayyip Erdogan has embarked on a three-state Gulf tour, beginning with Saudi Arabia, as he seeks to attract foreign investment in Turkey's ailing economy. The visit comes as Turkey battles currency collapse and soaring inflation. The Saudi-Turkish business forum was aimed at enhancing trade and investment relations.
Saudi Arabia, Japan sign 26 new cooperation deals
The deals signed during Japanese Prime Minister Fumio Kishida's official visit to Saudi Arabia reflect the shared commitment to the Saudi-Japanese Vision 2030, says Saudi envoy.
Saudi-French Investment Forum signs $2.9 billion worth of agreements
The Saudi-French Investment Forum witnessed the signing of 24 MoUs and investment agreements, collectively valued at approximately $2.9 billion. The forum has assembled key players from both nations, fostering enhanced bilateral relations and providing opportunities for increased investment and collaboration.
Global trade hit record $28.5trn in 2021: UNCTAD
The UNCTAD’s Global Trade Update said all major trading economies saw imports and exports rise above pre-pandemic levels in the fourth quarter of 2021.
Israel, Bahrain gear up for economic cooperation agreement
The agreement, after it comes into effect, is expected to lead to the establishment of a joint economic committee to promote its implementation, local media reports have pointed out.
