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East Asia
Why Samsung should worry?
John Burton – The Korea Times If I was at Samsung Electronics, I would be worrying about how the issue of exploding batteries with the Galaxy Note 7 has become comic fodder for late night TV shows in the U.S. “There was a terrible terrorist attack last weekend in New…
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Central Asia
Kazakh and Russian Firms Sign Uranium Enrichment Deal
Firms from Kazakhstan and Russia have signed a deal on uranium-enrichment services, RFERL reports. The agreement was signed on October 4 in Astana by representatives of Kazakhstan’s uranium operator Kazatomprom and Russia’s Center for Uranium Enrichment during Russian President Vladimir Putin’s visit to Kazakhstan’s capital. According to the document, Kazakhstan…
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East Asia
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East Asia
China to sell 215 subway train wagons to Iran
An Iranian rail company and a Chinese counterpart have signed a contract for the production of 215 subway train wagons. The wagons will be used in three major cities of Tabriz, Shiraz and Isfahan, Trend reports with reference to the IRNA news agency. According to a 2025 outlook, Iran should…
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Central Asia
Putin to visit Turkey on October 10
Russian President Vladimir Putin will visit Turkey on October 10, the Presidential Aide Yuri Ushakov said. According to him, Putin will meet with Turkey’s President Recep Tayyip Erdogan and address an energy congress, which will be held in Istanbul on October 9-13, TASS reports.
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Central Asia
Russian Finance Ministry puts 3.66% budget deficit in 2016 draft
The Russian Finance Ministry has prepared a draft 2016 budget with a deficit amounting to 3.034 trillion rubles, or 3.66% of the gross domestic product (GDP). Nominal spending was increased by 304 billion rubles to 16.403 trillion rubles and revenue was cut by 370 billion rubles to 13.369 trillion rubles.…
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East Asia
China to invest Iran’s fisheries, aquaculture
Iran and China have signed agreements which will bring ¥20bn Chinese finance to country’s fisheries and aquaculture, Mehr reports. Mahmoud Hojjati, Minister of Agriculture told Iran’s IRIB news center that meeting with Chinese counterpart hit the agreement by which China would invest in northern and southern fisheries and aquaculture of…
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Central Asia
Russia’s Rostec may sell 25% stake in Kalashnikov to private investors
Rostec is viewing an opportunity of increasing the stake of private investors in Russia’s largest small arms maker Kalashnikov Concern by 25%, Chief Executive Officer of the Russian state-owned corporation Sergey Chemezov said on September 26, TASS reports. “This issue is at the discussion stage. We will make final decision…
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West Asia
Iran plans to establish a transit link to Europe
Bulgaria says it has seen positive signs that Iran is determined to press ahead with a plan to establish a multimodal transit link that involves a railroad that passes through its territory toward the heart of Europe. Bulgaria’s Presidential Office announced in a statement that the issue had been raised…
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Central Asia
Trade turnover of Iran and Azerbaijan may surpass $300 million
The volume of trade turnover between Iran and Azerbaijan currently stands at about $100 million but it must increase considerably, the Iranian deputy minister of industry, mine and trade, Hossin Esfahbodi, said on the sidelines of the ongoing Iran Project 2016 in Baku, Vestnik Kavkaza reports. Elaborating on existing trade…
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