Trump seeks to intensify economic pressure on Iran so what are his options?
U.S. President Donald Trump has vowed...
The Turkish Petroleum Corporation and the Somali Petroleum Authority signed an onshore hydrocarbon exploration and production agreement in Ankara, Türkiye.
The agreement was signed following a meeting between Somalia's Minister of Petroleum and Mineral Resources, Dahir Shire Mohamed, and Turkey's Minister of Energy and Natural Resources, Alparslan Bayraktar.
"We took a new step that will take the partnership between Türkiye and Somalia in the field of energy to a new stage and reinforce our strategic cooperation," - Bayraktar stated.
Under the agreement, the Turkish Petroleum Corporation (TPAO) will conduct two- and three-dimensional seismic exploration activities across three onshore blocks in Somalia, covering a total area of 16,000 square kilometers. Drilling operations will commence based on the data gathered from these studies.
Minister Bayraktar emphasized that Turkey continues its exploration activities in Somalia not only on land but also at sea. He noted that 78 percent of the three-dimensional seismic surveys conducted by the Oruç Reis Seismic Research Vessel—deployed to the Somali coast in October—have been completed across three offshore blocks, covering approximately 15,000 square kilometers.
“We expect to complete the seismic studies in May,” Bayraktar stated. “Our decision regarding the drilling phase will be based on the data obtained from these surveys,” - he said and added that this development aims to further enhance energy diplomacy between the two nations and to assess Somalia’s energy potential through international cooperation.
Russia is open to listening to new proposals on how to reach a settlement on the Ukraine conflict, a senior Russian diplomat said, but any proposals should reflect the "realities on the ground".
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
A large-scale drone attack has hit Russia's Samara region, damaging facilities and disrupting operations at an Ozon logistics complex, according to regional authorities and the company.
Nordic and Baltic leaders arrived in Kyiv for Ukraine’s Flag Day on Sunday as Russia continued its drone campaign and Kyiv warned of a potential new Russian mobilisation.
U.S. President Donald Trump said Iran was not ready to make what he called the "right deal" with Washington as tensions persisted over the war and the Strait of Hormuz.
AnewZ Business Europe, a new weekday programme, takes viewers inside companies driving growth and innovation across the continent, with Brickken CEO Edwin Mata joining the programme for its first episode with host Chief Global Editor Guy Shone. The show airs every Friday.
Once associated mainly with Muslim-majority countries, Islamic finance has become a global industry. Its assets reached around $5.98 trillion in 2024, according to ICD–LSEG, as more countries explore Shariah-compliant finance.
Fuel restrictions have returned to parts of Moscow and the surrounding region, adding another strain to Russia’s economy as refinery outages and rising imports weigh on the rouble.
Azerbaijan exported goods worth $17.372 million to Armenia between January and July 2026, according to data from the State Customs Committee, as commercial ties between the two South Caucasus neighbours showed signs of expansion.
Online fast-fashion platform Shein lost a London copyright lawsuit against rival Temu on Thursday over photographs used to promote some products.
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