BOGOTA, Colombia (AA) – Venezuelan President Nicolas Maduro has said that licenses and authorizations granted so far by the US to ease sanctions it imposed on Venezuela are “headed in the right direction” but are “not enough.” The easing of the oil embargo by the US government “undoubtedly goes in the right direction, althoug...
MOSCOW (AA) – To create a trilateral “gas union,” Kazakhstan, Russia, and Uzbekistan may first need to form a coordination mechanism, the Kremlin said on Tuesday. This mechanism could be established with “a certain legal entity for cooperation between these three countries, and for infrastructure development, then for f...
ISTANBUL (AA) – A resolution adopted at the meeting of the Standing Committee for Economic and Commercial Cooperation (COMCEC) on Tuesday encouraged the Organization of Islamic Cooperation (OIC) member states to devise strategies to strengthen their economic resilience to future shocks” like that of COVID-19 pandemic. Fuat Oktay, Türkiye...
ISTANBUL (AA) – Türkiye, Indonesia and Malaysia are among the world’s top 20 halal economy exporters, according to the 2022 Annual OIC Halal Economy Report, released by the Organization of Islamic Countries. The report was launched in Istanbul on the sidelines of the four-day 38th meeting of the Standing Committee for Economic and Commer...
KANO, Nigeria (AA) – Nigeria’s president highlighted Monday that the global economic downturn has deeply affected the economies of West African countries and resulted in dire economic hardships for the region’s residents. Muhammadu Buhari was speaking at the opening of the 2022 Second Ordinary Session of the ECOWAS Parliament in Abuja. B...
SOCHI, Russia (AA) – European Union sanctions on Russia will not pose a problem for the financing of Türkiye’s first nuclear plant at Akkuyu, according to the first deputy director-general of the Russian Nuclear Energy Corporation (Rosatom). Kirill Komarov stated at the international nuclear energy conference Atomexpo 2022 in Russi...
DHAKA, Bangladesh (AA) – Tens of thousands of water transport workers in Bangladesh started an indefinite nationwide strike on Sunday for acceptance of their 10-point demands, including fixing the minimum monthly wage at Bangladeshi Taka 20,000 (approximately $200). The loading and unloading of goods from nearly 1,600 lighter ships in the coun...
ISTANBUL (AA) – The 38th ministerial meeting of the Organization of Islamic Cooperation (OIC) in the fields of economy and commerce began in Istanbul on Saturday. The four-day meeting of the Committee for Economic And Commercial Cooperation (COMCEC) will discuss economic developments in the world, with special reference to OIC member cou...
ISTANBUL (AA) – The economy around halal products — those meeting Islamic standards — has a very bright future, according to a US-based economist. Most of the “halal economy” is in the finance sector, but the non-financial part should also be expanded, Mohammad Kabir Hassan, an economist at the University of New O...
ANKARA (AA) – Hailing longstanding bilateral ties, the Turkish president on Friday said his country is also rapidly developing its trilateral cooperation with Pakistan and Azerbaijan. “In addition to our bilateral cooperation, we also exchanged views on important regional and international issues on our common agenda,” Recep Tayyip...
