Qatar discusses Afghan oil, gas investment as Gulf interest grows
Qatar has discussed potential investment in Afghanistan’s oil and gas sectors and the construction of a crude o...
Turkmenistan has gathered 1.407 million tonnes of wheat, matching its 2025 goal after a round-the-clock harvest on 690,000 hectares that officials say was bolstered by new combines and higher state purchase prices.
The agriculture ministry said 2,111 John Deere and Claas machines worked “non-stop” to bring in the crop, which was delivered to state granaries by Thursday. President Serdar Berdimuhamedov praised farmers, daikhan associations and private growers for a “brilliant labour victory” in a message published on Friday.
Procurement prices were raised last year to 2,000 manats per tonne (about $1,176 per tonne), a 25 % increase designed to improve farm margins and encourage investment. The government has also channelled funds into fertiliser plants, grain elevators and new irrigation works to curb losses in the desert republic, officials said.
A Scientific Research Institute of Grain Farming, launched in 2024, supplied three high-yield varieties—Serdar, Arkadag and Pyragy—that accounted for most of this season’s plantings. The ministry said the hybrids outperform older cultivars by “10-15 %” in arid conditions, although independent data were not provided.
Turkmenistan, which targets self-sufficiency in staple foods, imported roughly 100,000 tonnes of milling wheat last year, according to United Nations trade figures. Officials expect the latest harvest to cover domestic demand and leave a modest surplus for strategic reserves.
The government is also allocating land from a Special Fund to private producers, part of wider reforms aimed at diversifying an economy still dominated by natural-gas exports. Further policy measures will be outlined at a cabinet meeting later this month, state media reported.
Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan have concluded talks in Bishkek, the capital of Kyrgyzstan, on the sidelines of the Shanghai Cooperation Organisation (SCO) summit.
Iran has reached an understanding with Oman on transit arrangements through the Strait of Hormuz, but the waterway will remain closed until the U.S. fulfils its commitments, a senior Iranian diplomat said on Saturday.
Iranian Foreign Minister Abbas Araghchi accused U.S. government and Israel-aligned actors of manipulating energy markets to promote the war with Iran.
Russian strikes on the Kyiv region overnight killed 37 people, Ukrainian President Volodymyr Zelenskyy has said. Zelenskyy added that the Ukrainian capital was under "virtually nonstop attack" from drones.
U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday, with Tehran responding by launching ballistic missiles at two U.S. bases in Jordan in the first direct U.S.-Iran military escalation in weeks.
Online fast-fashion retailer Shein is seeking to raise up to $1.77 billion in a Hong Kong IPO after its valuation fell around 70 per cent from its private-market peak four years ago.
Kazakhstan has received a fresh vote of confidence in its economy after S&P Global Ratings upgraded the country’s credit rating, citing stronger public finances, solid reserves and steady economic growth.
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.
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