Azerbaijan Emerges As Hub For Transporting Goods To EU: Official

Fourth EstateRail cargo cars and containers in Azerhaijan

Azerbaijan said Tuesday that it has emerged as a hub for transporting goods to the European Union countries, and assured to work more to improve this supply chain. “We are not transporting goods to the EU countries only but also …

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Oman Says Non-Oil Exports to India Increased By 172%

Fourth EstateContainers stacked at the Port of Salalah, Oman

Oman non-oil exports to India have surged 172% between 2020 and 2021, and both the countries are now aiming to further strengthen its bilateral economic cooperation and investment. Oman’s Minister of Commerce, Industry and Investment Promoting, Qais Al Yousef said …

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Peru Implements Fuel Tax Suspensions

Csaba Lehel (infodog)Oil Tanker Refilling - Csaba Lehel/Flickr

The Finance Ministry of Peru announced it would exclude some types of gasoline and diesel from the selective consumption tax on Sunday to fight surging prices caused by the Russia-Ukraine conflict. The government said the measure would suspend taxes on …

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Turkish Inflation Climbs to New 20-Year High

Fourth EstateProduce for sale at a food market in Istanbul, Turkey

Turkey’s inflation jumped to a new 20-year high on Monday, driven by a weak lira and a surge in energy and food prices, deepening a cost of living crisis for many households. The Turkish Statistical Institute said that producer prices …

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Egypt Cotton Exports Rise to Nearly 75%

Fourth EstateCotton Fields - Martin LaBar/Flickr

The Egyptian government said they have succeeded in exporting 50,000 tons of cotton by the end of February 2022 with China and India being the main important countries. Egypt’s Cotton Arbitration and Testing General Organization (CATGO) on Monday said they …

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Turkey and Uzbekistan Want To Boost Trade Volume Level to $10b

Turkish President Recep Tayyip Erdogan said during this visit to Uzbekistan that their countries are targeting a $10-billion trade volume for a strong bilateral relationship. Speaking at a news conference with his Uzbek counterpart Shavkat Mirziyoyev late Tuesday, Erdogan said …

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UN Says Cooperation with Arab League Crucial to Help Yemen, Sudan, Libya, and Lebanon

Fourth EstateArab League Seal - CFR

UN Secretary-General Antonio Guterres on Thursday called for stronger cooperation between the United Nations and League of Arab States to help improve situations in Yemen, Sudan, Libya, and Lebanon. Speaking at the open meeting of the Security Council on Cooperation …

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UAE, Israel To Sign Free-Trade Agreement Soon: Official

UAE Ambassador to Israel Mohamed Al Khaja on Wednesday said they will sign the free-trade agreement with Israel by the end of March. “The agreement will serve as an accelerator for significant economic prosperity,” Al Khaja said in a tweet …

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Iran, Oman Sign Agreements on Deepening Economic Ties

Iran and Oman on Thursday signed agreements on further deepening the bilateral cooperation in multiple spheres between the two countries. Iranian Industry, Mining, and Trade Minister, Fatemi Amin and Oman’s Minister of Commerce, Industry, and Investment, Qais Al Yousef signed …

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