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First shipment of Russian fertiliser en route to Africa

The first Russian shipment of fertiliser left the Dutch port of Terneuzen on Tuesday (29 November) after days of negotiating to ensure it would not be snagged by Western sanctions. The ship was commissioned by the UN’s food security agency, the World Food Programme, and the cargo is part of some 260,000 tonnes of Russian fertiliser stored in European ports.

patrickn97 Thu, 12/01/2022 - 07:18 Brussels hosts 6th EU-GCC Business forum
The EU and the GCC have underlined their commitment to expanding cooperation during the sixth joint business forum held at the Residence Palace in the European Quarter of Brussels on Thursday, 24 November.  "This meeting is both welcome and timely, given the very challenging global developments we have faced, and continue to face, in 2022," said European Commission Executive Vice-President Valdis Dombrovskis in his keynote speech to the gathering. Dombrovskis said that "in this challenging environment, the EU is fully committed to strengthening economic ties between our two regional blocs. By developing our areas of mutual interest, by working in a more collaborative way, we can achieve real benefits.  "The EU is guided in this important work by our Communication on a 'Strategic Partnership with the Gulf, published in May of this year. The strategic aim of this roadmap is clear: we want to broaden and deepen our cooperation with the GCC and its member countries. We view the Gulf as a dynamic neighboring region, and an important gateway between Europe, Asia and Africa."
dennis2020 Fri, 11/25/2022 - 07:14

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In the first six months of this year, Kazakhstan’s foreign trade turnover has surged to $63.7 billion

In the first six months of this year, Kazakhstan’s foreign trade turnover has surged to $63.7 billion, the highest rate in nine years, according to data from the Economic Research Institute released on Tuesday (16 August)

 

The country increased its exports to $42.2 billion and imports to $21.5 billion.

dennis2020 Wed, 08/17/2022 - 07:50
Saudi oil giant ARAMCO registers record $48.4 billion profit for Qtr 2

Profits for the Saudi oil giant ARAMCO surged 90 percent in the second quarter of 2022, beating the median of analysts’ forecasts with the highest quarterly profit since going public in 2019. Profits of “the most profitable oil company in the world” hit SR182 billion ($48.4 billion) after revenue soared 80 percent to SR562 billion, according to a bourse filing.

ARAMCO is now expected to give a dividend of  $19 billion to its shareholders.

dennis2020 Sun, 08/14/2022 - 09:00
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Enchanting but distant Tajikistan says it is ready for increased co-operation with Europe

Enchanting but distant Tajikistan says it is ready for increased co-operation with Europe

At a recent promotion forum in Brussels senior Tajik officials emphasised that their country was business friendly and tourist welcoming. Young and eager Tajik entrepreneurs also highlighted that both country and society were ready for qualitative step-change in relations with Europe. On its part the EU has signalled it is ready to increase co-operation with the strategically located country, including through enhanced partnership agreements.