trade
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International Maritime Industries inks $346 million Saudi IKTVA deals
International Maritime Industries (IMI), the largest shipyard in the region, has signed 10 agreements worth up to SR1.3 billion ($346…
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Japan to restrict chip manufacturing machine exports to China
Japan’s government will begin restricting exports of advanced semiconductor manufacturing equipment to China in Spring after it amends a foreign…
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Iran’s export to Turkiye up 19% in 2022
Turkiye had imported over $2.82 billion worth of commodities from the Islamic Republic in 2021. Based on the mentioned data,…
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ExxonMobil reports record profits of $55.7 billion in 2022
ExxonMobil reported record annual profits of $55.7 billion in 2022 on Jan. 31, reflecting higher commodity prices amid recovering demand…
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Turkish stock exchange closes higher to end 8-day losing streak
BIST 100 gains 38.85 points, or 0.82%, from previous close Turkiye’s benchmark stock index closed at 4,752.24 points on Thursday,…
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European Central Bank hikes interest rates by 50 basis points
Bank to raise interest rates significantly at steady pace to ensure inflation returns to its medium-term target of 2% The…
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Turkiye’s exports see all-time high January figure
Surging energy prices and high gold demand pushed Turkiye’s imports up 21% year-on-year in January, says trade minister Turkiye’s exports…
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U.S. investors have plowed billions into China’s AI sector
U.S. investors including the investment arms of Intel Corp and Qualcomm Inc accounted for nearly a fifth of investments in…
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Global gold demand hit 11-year high in 2022 on retail and central bank purchases
Demand for bars and coins rose amid inflationary concerns, World Gold Council says Gold demand rose by 18 per cent…
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IMF revises up global economy forecast for 2023, still expects slowdown
World economy expected to grow 2.9% this year compared to 2.7% in October report, but down from 3.4% expansion for…
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