Business

16 September 2023; MEMO: The International Monetary Fund (IMF) has urged that Israel lift its restrictions on the Palestinian economy and occupied territories to give way for improving investment opportunities.

12 September 2023; MEMO: Fifteen Democratic senators are urging the Biden administration to refrain from including Israel in the US Visa Waiver Program due to its failure to provide equal treatment to Palestinian-Americans seeking entry into the nation.

12 September 2023; MEMO: Saudi Arabia’s Crown Prince Mohammed Bin Salman and Indian Prime Minister Narendra Modi agreed on Monday to expand trade and security ties between the two nations, Anadolu news agency has reported.

12 September 2023; MEMO: Turkiye’s President Recep Tayyip Erdogan said yesterday that plans announced by India, Saudi Arabia and the EU to create a trade corridor that would link South Asia to Europe and bypass Turkiye “will not work”.

Speaking to reporters upon his return from the G20 summit in India, Erdogan stressed that the most suitable traffic line from east to west is the line crossing from Turkiye.

12 September 2023; MEMO: Russia is working to implement visa-free travel for citizens of Kuwait, the Sultanate of Oman, Bahrain, Saudi Arabia and Malaysia, the Minister of Economic Development, Maxim Reshetnikov, said.

05 September 2023; MEMO: The United Arab Emirates (UAE), on Tuesday, pledged a staggering $4.5 billion in investments to boost clean energy projects in Africa, Anadolu Agency reports.

05 September 2023; MEMO: Saudi Arabia’s first Ambassador to Iran since resumption of diplomatic relations arrived in Tehran to assume official duties, the Saudi Foreign Ministry said on Tuesday, Anadolu Agency reports.

“The Kingdom and Iran are neighbours and possess many economic components, natural resources and advantages that contribute to enhancing aspects of development, prosperity, stability and security in the region,” Ambassador Abdullah Al-Anzi said.

07 September 2023; MEMO: Saudi Arabia will extend its voluntary oil production cut of one million barrels per day (bpd) until the end of the year, the kingdom’s energy ministry announced yesterday.

The ministry said in a statement that oil production from October to December will be approximately nine million (bpd).

07 September 2023; MEMO: Foreign investment in Israel plummeted 60 per cent during the first quarter of the year, according to a report released yesterday by the Finance Ministry.

The data reveals that Israel attracted approximately $2.6 billion in foreign investment during the initial three months of this year, marking a substantial 60 per cent drop when compared to the average quarterly figures observed in 2020 and 2022.

04 September 2023; MEMO: Iran’s new Ambassador to Saudi Arabia, Alireza Enayati, is set to begin his diplomatic mission in Riyadh on Tuesday, Anadolu Agency reports.

“I will leave for Riyadh on Tuesday,” Enayati told the state news agency, IRNA.

He said the new Saudi Ambassador to Iran will also start his mission in Tehran “in the same period of time”.