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Friday, May 27, 2022

Russia's Gazprom pays $2.9B to Ukraine's Naftogaz

Russia's state-owned energy company Gazprom paid Friday $2.9 billion natural gas compensation to Naftogaz, the national oil and gas company of Ukraine. "Naftogaz of Ukraine has confirmed receipt of $2.918...

Turkey to own patent rights to upcoming auto

ANKARA  Turkey will own the intellectual and industrial property rights of its first indigenous car, the Turkish industry and technology minister said on Thursday. The car prototype will be unveiled on...

Boeing CEO Dennis Muilenburg out amid 737 Max issues

ANKARA U.S. aviation company Boeing on Monday announced its current chairman David Calhoun replaced Dennis Muilenburg as chief executive officer and president, days after the company suspended production of its...

Turkish supermarket Migros gets European bank infusion

ISTANBUL The European Bank for Reconstruction and Development has invested 30.8 million Turkish lira ($5.2 million) in lira-denominated bonds of a top Turkish supermarket chains, Migros. "The new Turkish lira-denominated bond...

European bank funds Turkish seed firm to back operation

ANKARA  The European Bank for Reconstruction and Development (EBRD) provided €10 million ($11 million) loan to a Turkish seed company to expand its operations and automate R&D. In a statement on...

Turkey to unveil 1st homegrown car prototype next week

KUALA LUMPUR/ANKARA Turkey will unveil the prototype of its first indigenous car on Dec. 27, the nation’s president said on Friday.  Erdogan’s remarks came in Malaysia where he attended Kuala Lumpur...

Turkish defense giant ASELSAN breaks export record

ANKARA With a shipment of software-based radios to Ukraine, Turkish defense giant ASELSAN scored its biggest-ticket, single-shipment export to date, officials from the company told Anadolu Agency on Friday. The company...

Saudi Aramco market value exceeds $2 trillion on Thurs.

ANKARA Saudi Arabia's national oil company Aramco saw its market value surpass the $2 trillion mark on its second day of public trading on the Saudi stock exchange Tadawul on...

Saudis surprise while Russia wins in new OPEC deal

ANKARA Saudi Arabia shook the oil world by making a voluntary production cut although Russia was the winner in the latest OPEC deal that ensures both OPEC and ally countries...

Arms sales worldwide nearly doubled since 2002

ANKARA  The world's top 100 weapon producers have increased their global sales by 47% since 2002, a watchdog said Monday. Their sales for 2018 totaled $420 billion, a 4.6% increase compared...

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Goodfellas, Field of Dreams star Ray Liotta dead at 67

HOUSTON, Texas Ray Liotta, the actor best known for playing the role of Henry Hill in Martin Scorsese’s classic 1980 mob film Goodfellas, has...

Paris to beef up security, set up special fan zones for Champions League final

PARIS Paris will beef up security and set up special fan zones to welcome thousands of football fans at the UEFA Champions League final...

Russian president expresses readiness to help overcoming global food crisis

MOSCOW The Russian president on Thursday said his country is ready to help overcome the global food security crisis if Western sanctions imposed due...

Turkiye can be model for 'green industrialization,' says expert at UN panel

ISTANBUL Turkiye can serve as a model for other developing nations in "green industrialization," while itself focusing on efficiency and cooperation with other countries, experts...

Turkish, French presidents discuss Sweden, Finland’s NATO bids

ANKARA The Turkish and French presidents on Thursday discussed Sweden and Finland’s bids to join NATO, Turkiye’s Communication Directorate said. Sweden and Finland's contacts with...