Business

28 August 2022; MEMO: South Korea has entered into an agreement worth $2.25 billion (3 trillion won) with Russia's state-owned Rosatom to provide buildings and components for Egypt's first nuclear plant.

28 August 2022; MEMO: According to a statement released on Thursday by South Korea's energy ministry, the state-owned Korea Hydro & Nuclear Power Co, won the contract and was selected as the sole bidder for the part of the project at Egypt's El-Daaba in December 2021.

Panaji, Aug 28 (PTI) Adani Group firm AdaniConneX is planning to build 1,000 megawatt data centres -- almost double the present size of the total industry -- over a period of 10 years, a senior company official said.

AdaniConneX Senior Vice President and Head of Data Centre Business, Sanjay Bhutani said the the first seven data centres of the company will come up in Mumbai, Chennai, Hyderabad, Delhi, Bengaluru and Pune.

New Delhi, Aug 28 (PTI) The criticism of India by the Western countries on its imports of Russian crude oil while exempting themselves from their "own illegitimate sanctions" is a reflection of their unprincipled position and double standards, Russian Ambassador Denis Alipov said on Sunday.

27 August 2022; AA: Teknofest, Türkiye’s premier aerospace and technology festival, will start next week in the city of Samsun, on the Turkish Black Sea. 

Starting on Tuesday at Samsun Carsamba Airport, the six-day event will feature activities such as air shows with warplanes, unmanned aerial vehicles (UAVs), and helicopters, as well as seminars, summits, and competitions.

26 August 2022; AA: Kazakhstan on Saturday suspended exports of weapons and military products for one year.

A defense industry commission meeting was held under the chairmanship of Prime Minister Alikhan Smailov, the president's office said in a statement.

The proposal by the Industry and Infrastructure Development Ministry to suspend exports of weapons, military equipment and military products until the end of August 2023 was evaluated and it was approved by the commission members.

27 August 2022; AA: Shale gas production may be brought back on the table to alleviate the European energy crisis similar to coal and nuclear power, which had long been shelved due to mounting reactions from environmentalists. 

Shale gas is extracted through a combination of hydraulic fracturing and horizontal drilling, which has been criticized for its damage to the environment by contaminating ground and surface water.

27 August 2022; AA: More than a million tons of grain have been safely shipped from Ukrainian ports since the beginning of August under a historic deal, the Turkish National Defense Ministry said on Saturday.

In July, Türkiye, the UN, Russia, and Ukraine signed a deal in Istanbul to reopen three Ukrainian ports for the export of Ukraine grain, which had been stuck for months due to the Russia-Ukraine war, now in its seventh month.

27 August 2022; AA: Algeria and France on Saturday signed a declaration for "renewed partnership" at the end of French President Emmanuel Macron's 3-day visit to the North African nation, according to local media.

Macron and Algerian President Abdelmajid Tebboune signed the declaration in the capital Algiers for a "new, irreversible dynamic of progress" in the relations between the two countries, the state news agency APS reported.

27 August 2022; AA: Tunisia summoned its ambassador from Morocco on Saturday amid a dispute over a visit to the North African nation by the head of the Polisario Front that is seeking independence of the Western Sahara.  

The move came one day after Morocco recalled its envoy from Tunisia in protest of a meeting between President Kais Saied and Brahim Ghali ahead of the Tokyo International Conference on African Development (TICAD) summit, due to open on Saturday. 

27 August 2022; MEMO: French President, Emmanuel Macron, said on Friday the ball was in Iran's court to revive a nuclear deal with world powers, and that the offer on the table, even if it would not resolve all differences, was better than no offer at all, Reuters reports.

Iran received Washington's response to an EU-drafted final offer for salvaging the 2015 deal, the Foreign Ministry in Tehran said on Wednesday, giving no firm indication of how close remaining gaps were to being narrowed.