U.S. President Donald Trump on Jan. 17 said that terminating the North American Free Trade Agreement would result in the “best deal” to revamp the 24-year-old trade pact with Canada and Mexico in favor of U.S. interests.
The Middle East’s largest airline, Emirates, announced Jan. 18 it struck a deal with Airbus to purchase 20 A380 aircraft with the option to buy 16 more in a deal worth $16 billion, throwing a lifeline to the European-made double-decker jumbo jets.
U.S. President Donald Trump will hog the limelight at the World Economic Forum (WEF) in Davos next week, but behind the scenes some of the world’s leading diplomats will be working on some of humanity’s knottiest conflicts.
The volume of mergers and acquisitions in Turkey amounted to $10 billion in 2017 with 251 transactions, data from an Ernst & Young report showed on Jan. 16. The report forecasted the M&A market this year would be of a similar size.
The South Stream Transport B.V. has announced the start of the construction of TurkStream Offshore Gas Pipeline’s receiving terminal.
More than 10 million foreign tourists visited Antalya in 2017 with a 56 percent year-on-year increase, the head of a top tourism association said, adding that early reservations from Russia and Europe were fairly strong for summer 2018, and that now was the time for the province to update its room prices.
Turkish Deputy Prime Minister Mehmet Şimşek and Economy Minister Nihat Zeybekci are set to attend an annual high-profile meeting in Switzerland next week with the agenda of “creating a shared future in a fractured world.”
Turkey will co-finance projects led by the European Bank for Reconstruction and Development (EBRD) through the Turkish Treasury, the bank said on Jan. 16.
The year 2018 will be a breakthrough year in technology, Turkey’s science, industry and technology minister told foreign investors in the capital Ankara on Jan. 16.
Germany’s central bank has said it will include China’s yuan in its reserves, giving another boost to Beijing’s drive to internationalize the currency and helping send the unit to two year highs.
Turkish defense electronics company Aselsan said on Jan. 16 it had signed, along with Roketsan, TÜBİTAK SAGE business partnership, an accord for a national long-range defense system project for the Undersecretariat for Defense Industries (SSM).
Turkey’s cabinet is likely to announce an incentive scheme this month to boost investment in 20 projects ranging from healthcare to energy that are worth a total of 80 billion lira ($21 billion), economy minister Nihat Zeybekci told Reuters.