Recent Posts

Iran’s IRGC speed boats ‘harassed’ ship in Strait of Hormuz: US Navy

There have been several incidents involving US and Iranian naval forces in the strategic waterway in recent years, prompting the US to increase patrols. The US Navy said an American destroyer and UK Navy frigate responded to a distress call by a commercial ship pursued by fast boats belonging to …

Read More »

Inflation in Turkey drops below 40% in May as Erdogan forms economic team

As Turkey’s annual inflation eases further in May, eyes are on the policies the reelected president’s new economic team will pursue with Mehmet Simsek at the helm. Turkey’s year-on-year inflation dropped to 39.59% in May, official data released on Monday showed, broadly in line with expectations after the government made …

Read More »

Saudi Arabia set to host major China business conference, as ties grow

The kingdom wants to diversify its economic partnerships and values China with regards to energy and geopolitics, according to one expert. Saudi Arabia and China will participate in a business conference in Riyadh this month, expected to draw major businesses and investment firms, as the kingdom continues to pursue stronger …

Read More »