Other Briefings
Investing In Indonesia’s Halal Market: A US$200 Billion Opportunity For Middle East Businesses
Indonesia’s Government Regulation 39 of 2021 (GR 39/2021) sets out the requirements for businesses to obtain Halal certification for their goods and services. Under the law, products that enter, circulate, and are traded in Indonesia must be Halal certified. To obtain certification, businesses must first apply to the Halal Product Assurance Agency. The agency will […]
Turkish Retailers Snap Up Contracts To Distribute Western Brands In Russia
One way around the Russia sanctions: get someone else to do it for you The Turkish holding FLO Retailing has received the right to sell goods under the Reebok brand in Russia, according to an August 22, mailing that the participants of the Reebok loyalty program began to receive.
Uzbek INSTC Routes To Europe & South Asia Given A Logistics Boost
The Uzbekistan Ministry of Transport has agreed to simplify the regulations for international freight traffic with Iran and Turkmenistan. This is significant as Uzbekistan is a double-landlocked country and needs to reply on neighboring states to facilitate trade. The country, one of Central Asia’s most liberal, signed extensive trade agreements with the European Union and […]
China, Saudi Arabia Announce Massive Strategic Partnership Energy Agreement
Links China’s Belt & Road Initiative with the Saudi Vision 2030 National Development Plan and bodes well for UAE based services and product suppliers. The world’s largest oil-exporting company Saudi Arabian Oil Company (Saudi Aramco) has signed a memorandum of understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec). According to an official statement from […]
Russia And Türkiye Agree To Trade In Rubles And Dump US Dollar
Plans to increase bilateral trade to US$100 billion by 2030 Turkish President Recep Tayyip Erdogan has said that at his meeting with Russian counterpart Vladimir Putin in Sochi on Friday (August 5) they reached an agreement to start using the Ruble in bilateral trade. Erdogan stated “At the meeting in Sochi with Mr. Putin, we […]
The Abraham Accords Are Attracting Chinese & Western Investment In The Middle East
Dubai is repositioning itself as a Gateway to billions of dollars of Asian investment Op/Ed by Chris Devonshire-Ellis They’ve tended to be under the radar for many, however the Abraham Accords (AA), a series of treaties normalizing diplomatic relations between Israel, the United Arab Emirates (UAE), Bahrain, Sudan, and Morocco are already having a […]
China and Iran: Bilateral Trade Relationship and Future Outlook
Iran is an important economic and trade partner for China in the Middle East. China’s trade with Iran dates back to the ancient Silk Road in the first century BC. In recent years, the two countries have maintained regular high-level contacts, and bilateral economic and trade cooperation has continuously deepened. Iran is also an important […]
The China-Iran 25-Year Cooperation Agreement: What is it and Should Investors be Encouraged?
We take a look back at the China-Iran 25-Year Cooperation Agreement, signed on March 27, 2021, and its implications for the status quo. China and Iran signed a 25-year strategic cooperation agreement on March 27, 2021, addressing economic issues amid crippling US sanctions on Iran. The deal was reached on the 50th anniversary of the […]
Turkey to Forge Closer Ties with ASEAN and Asia
Turkey is seeking to forge closer ties with ASEAN and Asia through its Asia Anew initiative which was launched in late 2019. The Turkish government is keen to point that the Asia Anew initiative does not constitute an axis shift in its foreign policy, but a way to diversify its economic partnerships.
Russia, Iran, and Turkey Establish Foreign Trade Action Plan to Cease US Dollar Trade
Russia, Iran and Turkey will establish a Foreign Trade Action Plan among themselves and will cease to use the US$ as a trading currency between them.
