• West Asia

    Everyday with Samsung in Iran

    Alireza Bahrami/Iranian Journalist Editor-in-chief of  ISNA (Iranian Students’ News Agency) “Samsung” has become a part of Iranian culture while an issue, which did not exist in the history of a nation, needs some factors to be a part of that culture. The presence of this brand is undeniable among Iranian…

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  • East Asia

    New energy industry: Korea’s next growth engine

    By Joo Hyung-hwan – The Korea Times Korea has never stopped seeking fast-growing sectors for targeted investments that can provide new impetus to the country’s economic growth. As its latest initiative for a new growth engine, the Ministry of Trade, Industry and Energy (MOTIE) unveiled a detailed investment plan on…

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  • East Asia

    Japan to invest $10bn in Iran

    Iranian officials declared that Japan to move faster on presenting a credit package worth $10 billion for investment in Iran. Mehr New Agency reports that Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia touched upon negotiations with Japan over investment in Iran’s oil industry adding that “Japan has…

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  • East Asia

    In Search of Korean values

    Michael Breen – The Korea Times In its research last year to develop the new national brand ― Creative Korea ― the Ministry of Culture, Sports and Tourism came up with three key national values: creativity, passion and harmony. But are these really the core values of Korea? Harmony could…

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  • Central Asia

    Moscow, Ankara discuss construction of two lines of Turkish Stream

    Russia and Turkey are discussing the construction of two lines of the pipeline Turkish Stream, one of which is to supply gas to Europe, Energy Minister Alexander Novak said in an interview with Rossiya 24 TV channel on July 29, TASS reports. “Overall, we are currently talking about the construction of two lines. The second…

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  • Central Asia

    Turkey loses $209 mln 2016 due to food embargo

    Turkey lost $209 mln in the Q1 of 2016 due to the Russian food embargo on imports of certain food items imports to the country, Russia’s Economic Development Ministry said in its report for January – June 2016, TASS reports. “Import of goods prohibited from January 1, 2016, to enter…

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  • West Asia

    Azerbaijan allocates $850M for refinery construction in Turkey

    Azerbaijani State Oil Fund (SOFAZ) has allocated $844 million as of July 1, 2016, as part of the country’s financing the project of construction of a new oil refinery of Azerbaijan’s SOCAR in Turkey, SOFAZ told Trend. In accordance with the decree of Azerbaijani President Ilham Aliyev on additional measures…

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  • Central Asia

    87% of Turkey’s Baku-Tbilisi-Kars railway section ready

    87% of the Baku-Tbilisi-Kars (BTK) railway has been constructed in Turkey, the Turkish minister of transport, shipping and communications, Ahmet Arslan said, Vestnik Kavkaza reports. “The BTK is being constructed on the schedule,” the minister said, adding that two bridges are being built over the Kars river. The minister stressed…

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  • Central Asia

    40% of Russians Struggle to Have Food and Clothes

    More than 40 percent of Russian families struggle to find the money to buy food or clothes, a study by Moscow’s Higher School of Economics (HSE) revealed on July 27. The Moscow Times reported that the forty-one percent of Russians told researchers that they lacked money for food and clothes,…

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  • Central Asia

    Russia restarts talks on economic cooperation program with Turkey

    Russia will restart talks on the draft trade and economic cooperation program with Turkey for 2016-2019, the Russian Government said in the decree on trade and economic relations with Turkey, posted on the Cabinet’s website on July 22, TASS reports. “In accordance with introduced amendments the mixed intergovernmental commission on…

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