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Azerbaijan and China sign Comprehensive Strategic Partnership

Azerbaijan and China sign Comprehensive Strategic Partnership

China and Azerbaijan have announced the establishment of a comprehensive strategic partnership between the two countries following talks between Chinese President Xi Jinping and Azerbaijani President Ilham Aliyev in Beijing on 23 April. During the talks, President Xi said that both sides should continuously enhance political mutual trust, deepen practical cooperation and strengthen international collaboration to open a new chapter of all-round cooperation. President Aliyev was in China for  a state visit between 22 and 24 April.
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Great power interest in Central Asia putting Uzbekistan in the spotlight

Great power interest in Central Asia putting Uzbekistan in the spotlight

In recent times, Central Asia’s most populous nation has become the centre of attention for great powers, underscored by high level diplomatic contacts with the United States, the hosting of a regional summit with the leadership of the European Union and a high profile visit by hundreds of Russian officials and executives who participated in a trade fair in Tashkent. Western interest centres on Uzbekistan’s abundant reserves of critical minerals and a desire to develop clean energy  sources, including nuclear power. Russia, along with China, has broader trade interests, including developing manufacturing capacity.

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Saudi Arabia transfers 4% of Aramco shares to sovereign wealth fund

Saudi Arabia transfers 4% of Aramco shares to sovereign wealth fund

Saudi Arabia's Crown Prince Mohammed bin Salman announced the transfer of 4 percent of the Saudi oil giant Aramco’s, shares to the Public Investment Fund, the Saudi sovereign wealth fund. The transferred share are valued up to $80 billion. The move is another step by the Kingdom to diversify the economy and move it away from dependency on oil. 
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Brussels provides Ukraine with 1.2 billion euros financial assistance package

Brussels provides Ukraine with 1.2 billion euros financial assistance package

The European Commission proposes to support Ukraine with 1.2 billion euros of new financial assistance package made of both emergency loans and grants. The country is experiencing a financial shortage and borrowing is becoming more complex and expensive now that Russia uses threatening language and has deployed military troops and heavy weapons close to Ukraine's border.
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Turkish exports leap to unprecedented heights despite other economic woes

Turkish exports leap to unprecedented heights despite other economic woes

Exports to the European Union, were almost half of Turkey's exports, and surged 33% year-over-year to $93.1 billion, enabling Turkey to post a surplus of around $7.7 billion in trade with the bloc. Germany remained the top market, having received $19.3 billion worth of Turkish products throughout the year, followed by the United States with $14.7 billion and the United Kingdom with $13.7 billion. Sales to all the three markets marked the highest annual figures ever.