Trade

Turkey bans polyethylene plastic imports
Middle East

Turkey bans polyethylene plastic imports

ISTANBUL (AP) — Turkey has banned the importation of ethylene polymer plastic waste as environmental groups sound the alarm on…
Biden administration approved $735 million arms sale to Israel – sources
Middle East

Biden administration approved $735 million arms sale to Israel – sources

President Joe Biden’s administration approved the potential sale of $735 million in precision-guided weapons to Israel, and congressional sources said…
Egypt’s foreign reserves increase to US$40.3 billion at end of April
Business

Egypt’s foreign reserves increase to US$40.3 billion at end of April

The Central Bank of Egypt (CBE) said on Thursday that the country’s net foreign reserves increased to US$40.3 billion at…
EU-China investment deal put on ice over sanctions
World

EU-China investment deal put on ice over sanctions

A diplomatic spat between the European Union and China has jeopardized a major investment agreement, officials said on Tuesday. EU Commission Vice President…
US fines German software company SAP $8M over Iran sanctions
Middle East

US fines German software company SAP $8M over Iran sanctions

US prosecutors said Thursday that German software giant SAP will pay more than $8 million in penalties in acknowledging that…
Blinken says Turkey, others, should refrain from new purchases of Russian weapons
Middle East

Blinken says Turkey, others, should refrain from new purchases of Russian weapons

US Secretary of State Antony Blinken said Turkey and all US allies on Wednesday should refrain from making further purchases…
Lebanon asks S.Arabia to reconsider ban on its produce
Middle East

Lebanon asks S.Arabia to reconsider ban on its produce

Lebanon said on Monday it hoped Saudi Arabia would reconsider a ban on its produce imposed over what Riyadh called…
Erdogan replaces Turkish trade minister, forms two new ministries
Middle East

Erdogan replaces Turkish trade minister, forms two new ministries

President Tayyip Erdogan appointed a prominent member of Turkey’s ruling AK Party, Mehmet Mus, as trade minister on Wednesday and…
Egypt’s imports from top 5 importing countries decline to US$2.4 bn in early 2021: CAPMAS
Business

Egypt’s imports from top 5 importing countries decline to US$2.4 bn in early 2021: CAPMAS

Egypt’s imports from its top five importing countries recorded a decline to about US$2.4 billion in early 2021, compared to…
Biden administration proceeding with $23 billion weapon sales to UAE
Middle East

Biden administration proceeding with $23 billion weapon sales to UAE

WASHINGTON (Reuters) – US President Joe Biden’s administration has told Congress it is proceeding with more than $23 billion in…
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