Saudi Arabia

Concerns about Türkiye's economic program are misplaced, Treasury and Finance Minister Mehmet Şimşek has said, reiterating that the economic team has the backing of President Recep Tayyip Erdoğan.

"Türkiye is back with a new program and a new team. Political uncertainties are out of the way," Şimşek told a panel at the Future Investment Initiative (FII) in Riyadh, Saudi Arabia.

The raging war between Israel and Hamas is already battering the economies of nearby countries, the managing director of the International Monetary Fund told a Saudi investor forum yesterday.

The war between Israel and Hamas could deal a "serious" blow to global economic development, the president of the World Bank told an investor conference in Saudi Arabia yesterday.

Treasury and Finance Minister Mehmet Şimşek has embarked on a new tour of Gulf countries, including the United Arab Emirates (UAE), Qatar and Saudi Arabia, in a drive to attract foreign investments.

Şimşek visited the Gulf nations earlier this year after he took the helm at the Turkish economy again following the May elections.

Greece and Saudi Arabia agreed on Wednesday to set up a jointly-owned company that will look at linking their power grids, taking the first step in their plan to supply Europe with cheaper green energy, the Greek energy ministry said.

NEW YORK - Serbian First Deputy PM and FM Ivica Dacic met with the FMs of Argentina, Saint Lucia, Saudi Arabia, Rwanda, Antigua and Barbuda, Kiribati, Botswana, the Philippines and Senegal on the sidelines of the general debate at the UN General Assembly session in New York.

Aegean Airlines on Thursday reported strong first-half results with consolidated turnover up 51% compared with the same period last year, totaling 678.1 million euros.

Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices.

The dual announcements from Riyadh and Moscow pushed benchmark Brent crude above $90 a barrel in trading yesterday, a price unseen in the market since November.

Israel's prime minister on Sunday floated the idea of building infrastructure projects such as a fiber optic cable linking countries in Asia and the Arabian Peninsula with Europe through Israel and Cyprus.

Prime Minister Benjamin Netanyahu said he's "quite confident" such an infrastructure "corridor" linking Asia to Europe through Israel and Cyprus is feasible.

Türkiye and Saudi Arabia may boost the bilateral trade volume to $30 billion in the medium and long term, Rifat Hisarcıklıoğlu, the president of the Union of Chambers and Commodity Exchanges of Türkiye (TOBB) has said.