ANKARA (AA) – The Saudi Arabian oil company Aramco has purchased the global products business of US lubricants and chemicals producer Valvoline for $2.65 billion, according to a statement by Aramco. “Valvoline’s global products business fits perfectly with Aramco’s growth strategy for lubricants as it will leverage our ...
ISLAMABAD (AA) – Afghanistan has received another tranche of $40 million in humanitarian cash assistance, according to the country’s central bank. The amount arrived from donor countries to help the people of Afghanistan. “This is the second tranche which arrived this week and has been handed over to commercial banks,” ...
ALGIERS, Algeria (AA) – Türkiye is among the biggest investors in Algeria, Algerian President Abdelmajid Tebboune has said. “Algeria’s strive for developing ties with Türkiye is normal given the long history between the two countries,” Tebboune said in a TV interview. He noted that Turkish investments in Algeria are estimated at around $4 bill...
ISTANBUL (AA) – The annual inflation rate in Indonesia was at 4.94% in July, hitting its highest level since November 2015, when it had been 6.25%. According to official figures released on Monday, the rate at which prices went up on a monthly basis was 0.64%. The highest monthly price increase was in the food-beverage-tobacco […]
ANKARA (AA) – The first ship to leave Ukraine under a historic grain export deal has departed from the port of Odesa for Lebanon, the Turkish National Defense Ministry announced. “The ship is expected to arrive in Istanbul on August 2,” the ministry said in a statement, adding that the vessel would continue on its […]
ANKARA (AA) – Haitham Al Ghais of Kuwait took charge on Monday as Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) at the Secretariat in Vienna, Austria. Appointed to the post for a three-year term, Al-Ghais succeeds Mohammad Sanusi Barkindo who died on July 6. “It is a great honour for me to […]
ISTANBUL (AA) – The annual inflation rate in Pakistan was at 24.9% in July, according to official figures released on Monday. The rate was at the highest level for 14 years. The rate was 21.3% in June and 8.4% in July 2021. On a monthly basis, prices increased by 4.3% in July 2022. Prices have […]
JERUSALEM (AA) – Israel’s security cabinet on Sunday approved the deduction of NIS 600 million ($176 million) from the taxes of the Palestinian Authority (PA), according to local media. Maariv newspaper said the deducted money is the same amount that was transferred by the PA to Palestinian detainees in Israeli jails and to their families [&he...
BEIRUT, Lebanon (AA) – Lebanese group Hezbollah warned Sunday that Israeli gas drilling vessels in the disputed Karish field are within the range of its missiles. The Hezbollah-affiliated Al-Manar TV released a video showing a naval missile being prepared for firing along with a text reading “playing with time is useless.” The clip...
JERUSALEM (AA) – Israel has said that it will accelerate the establishment of a joint industrial zone with Jordan. “This is an initiative that will increase employment to both countries, will advance our economic and diplomatic relations, and will enhance the peace and friendship between our two countries,” Prime Minister Yair Lapid told a Cab...
