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 […]
Iran’s Regional Foreign Trade Volumes Increase
Iran’s trade with Russia, Turkiye and EAEU all show increases Iran’s regional foreign trade has increased, although some of the figures are patchy due to the changing geopolitical situation concerning Russia. Iran exported 681,000 tons of goods worth US$233 million to member countries of the Eurasian Economic Union (EAEU, including Armenia, Belarus, Kazakhstan, Kyrgyzstan, and […]
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 […]
Iran Wants To Work With Russia’s Gazprom To Build Gas Pipelines To Pakistan & Oman
Pakistan’s energy consumer market is a population of 221 million with massive CPEC industrialization programmes underway creating huge future demands. Iran’s Petroleum Minister Minister Javad Owji has said that Iran sees prospects for cooperation with Gazprom in joint gas deliveries to neighbouring Pakistan and Oman.
Iran, Turkiye Plan To Triple Bilateral Trade To US$30 Billion
Iran and Turkiye are embarking on a long-term cooperation plan devised based on the capacities of the two countries that would promote ties, according to Iran’s Ambassador in Turkiye Mohammad Farazmand.
Lavrov Meets Arab League Leaders In Egypt, Engages In African Tour
Talks involve significant trade and investment projects throughout Africa and the Middle East By Chris Devonshire-Ellis Sergei Lavrov, Russia’s Foreign Minister, has been in Africa discussing food and fertilizer supplies amongst regional concerns over supply chains impacted by the Ukraine conflict. He has visited Egypt, and the Democratic Republic of Congo, with Ethiopia and […]
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 […]
Russia To Complete INSTC Railway Connectivity Via Oil Barter With Iran
Iran will operate combined cargo transportation to Russia via Rasht-Astara and Rasht-Caspian Port railway routes, according to a director of the Iranian Construction and Development of Transportation Infrastructures Company Abbas Khatibi. The construction of the Rasht-Astara railway will be supported by the Plan and Budget Organization and financed by Iranian-Russia oil barter, he said adding […]
The Tehran Talks: What Russia, Iran & Turkiye Agreed
The Presidents of Russia, Iran and Turkiyie have met in Tehran to discuss the Syria peace process, however bilateral talks also took place which impact the energy and food crisis’s, as well as discussions concerning Ukraine. This is what happened: Syria Russian President Putin stated that in Syria, it is necessary to eradicate ISIS and […]