West Asia
Trade Volume between Türkiye, UAE Doubles to Exceed 20 Billion Dollars in 2023
TEHRAN (ANA)- The trade volume between Türkiye and the UAE has exceeded $20 billion with a yearly increase of 107%, Turkish ambassador to Abu Dhabi said, adding that this growth is due to the fact that the two countries have complementary economies.
UAE’s E-Commerce Volume to Reach 11.5 Billion Dollars by 2029
TEHRAN (ANA)- E-commerce volume in the United Arab Emirates (UAE) is expected to reach $7 billion by the end of 2024 and rise to $11.5 billion by 2029, marking a 50% increase, Mitch Bittermann, senior vice president of commercials at Dubai CommerCity, said.
Turkish Economy Grows 2.1% in Q3
TEHRAN (ANA)- Türkiye's economy grew by 2.1% in the third quarter of 2024 on a yearly basis, official figures showed.
Türkiye's Crude Steel Production Up 0.7% Year-on-Year in October
TEHRAN (ANA)- Türkiye's crude steel production rose 0.7% in October compared to the same month of the previous year, reaching 3 million tons, the Turkish Steel Producers Association said.
QatarEnergy Extends Offshore Exploration Stake in Namibia
TEHRAN (ANA)- QatarEnergy signed an agreement with TotalEnergies to acquire an additional 5.25-percent interest in Block 2913B and an additional 4.695-percent interest in Block 2912, both located in the Orange Basin offshore Namibia.
Afghan Gov't Approves 27 Projects
TEHRAN (ANA)- The Afghan caretaker government's national procurement commission has approved 27 projects worth 5 billion afghani (about 73 million U.S. dollars), according to the office of the acting deputy prime minister for economic affairs.
Water Level in Türkiye's Sapanca Lake Hits Five-Year Low amid Drought
TEHRAN (ANA)- The water level in Sapanca Lake, a critical drinking water source for northwestern Türkiye, has dropped to its lowest point in five years due to ongoing drought conditions, local media reported.
Türkiye Revises Up Inflation Forecasts for 2024, 2025
TEHRAN (ANA)- Türkiye's central bank announced an upward revision to its year-end inflation forecasts, previously 38 percent for 2024 and 14 percent for 2025.
Türkiye Aims to Boost Renewable Energy Share in Electricity Production
TEHRAN (ANA)- Türkiye is aiming to further boost the share of renewable energy in its electricity production to 47.8 percent by 2025, according to a report by the semi-official Anadolu Agency, citing the 2025 budget proposal of the Energy and Natural Resources Ministry.
Türkiye's House Sales Hit New Annual Peak, Rising 37.3 Percent in September
TEHRAN (ANA)- House sales in Türkiye reached a new high for the year in September, with nearly 141,000 units sold, according to official data.