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South Asia
Iran Becomes 3rd Major Oil Supplier to India
Iran stands the third major supplier of oil to India after Saudi Arabia and Iraq for exporting more than 500,000bpd crude to the country. Based on the statistics available, India imported 4,350,000bpd oil on the average in the first three months of 2016, showing about 500,000 bpd increase in the…
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East Asia
India and Pakistan Could Join SCO In 2017
Russian President Vladimir Putin has told the possibility that India and Pakistan could join the Shanghai Cooperation Organization (SCO) in 2017. Speaking at the SCO summit in Tashkent on June 24, Putin said New Delhi and Islamabad “must meet all the obligations to receive the status of member states, RFERL…
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Central Asia
Wealthy Russian Families Lose Up to 75% of Their Income in 2015
Wealthy Russian families lost between 25 and 75 percent of their income in 2015, the Vedomosti business daily reported Thursday, citing the Russian Wealth Report 2016, The Moscow Times cites. On average, families with an annual income between 15 million and 100 million rubles ($235,000 to $1.5 million) lost 45…
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Russia, Kazakhstan Discuss Joint Projects Worth $25Bln
Russia and Kazakhstan are discussing joint projects with a combined value of $25 billion, Kazakh President Nursultan Nazarbayev told the Russia-24 TV channel, Sputnik International news agency reported. “Some 6,000 joint [Russian-Kazakh] ventures have been developed since [the Eurasian Economic Union] and now we have projects worth $25 billion in…
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East Asia
China expects closer cooperation with India under SCO framework
(Xinhua) — China is looking forward to enhancing cooperation with its neighbor India under the framework of the Shanghai Cooperation Organization (SCO), Chinese President Xi Jinping said here on June 23. Xi made the remarks while meeting with Indian Prime Minister Narendra Modi ahead of this year’s SCO summit scheduled…
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East Asia
China and Iran to build oil export terminal in Persian Gulf
China and Iran agreed to jointly build an oil terminal in the Persian Gulf. The planned oil terminal will be built on Qeshm Island in the southern part of the Persian Gulf. It is expected to turn it into an important hub for oil production and storage. The $550-million contract…
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East Asia
Chinese, Uzbek leaders hail inauguration of Central Asia’s longest railway tunnel
(Xinhua) — Visiting Chinese President Xi Jinping and his Uzbek counterpart, Islam Karimov, on Wednesday hailed the inauguration of the Qamchiq Tunnel in Uzbekistan, saying it is a major achievement of the Belt and Road Initiative. The two leaders watched via video link the opening of the 19.2-km railway tunnel,…
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Central Asia
Moscow Ranking for Expat Living Costs Falls 65 Places
Moscow has dropped 17 spots in this year’s rankings of most expensive cities in the world for foreigners, a report by the Mercer Human Resource consulting group said on June 22. The change in rank has been driven largely by the ruble’s dramatic fall in value against the U.S. dollar.…
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East Asia
China, Uzbekistan to boost strategic partnership
Xinhua – China and Uzbekistan upgraded their ties to a comprehensive strategic partnership on June 22 after talks between visiting Chinese President Xi Jinping and his Uzbek counterpart, Islam Karimov, The two countries also outlined the cooperation plan for their new partnership in such areas as political mutual trust and…
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West Asia
Turkey may hold referendum to decide on fate of EU membership
Turkish President Recep Tayyip Erdoğan on Wednesday slammed the European Union for failing to fulfill its end of the bargain regarding the EU-Turkey readmission deal, saying that Turkey may also hold a referendum to determine if they should continue with negotiations or not, while he harshly criticized the bloc for…
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