business in the East

Biden prohibits U.S. investment in 59 Chinese companies

U.S. President Joe Biden on Thursday expanded restrictions on American investments in certain Chinese companies with alleged ties to the country’s military and surveillance efforts, adding more firms to a growing blacklist. In an …

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Turkey slaps ad ban on Twitter, Periscope and Pinterest

Ankara has imposed advertising bans on Twitter, Periscope and Pinterest after they failed to appoint local representatives in Turkey under a new social media law, according to decisions published on Tuesday. Under the law, which critics …

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Iran convicts U.S. businessman on spying charge

Iran convicted an American businessman on a spying charge and sentenced him to 10 years in prison weeks after the U.S. election.  A family friend of Iranian-American Emad Shargi, 56, said he was called to court on Nov. 30, …

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Iranian businessmen ready to provide needs of Karabakh

Chairman of Iran's Chamber of Commerce, Industries, Mines and Agriculture Hassan Entezar said that Iranian businessmen especially in West Azarbaijan Province are ready to further develop trade ties with Azerbaijan, provide the needs of …

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New company launches leap in November in Turkey

The number of newly established companies in Turkey jumped 12% year-on-year in November, the country's top trade body said on Friday. A Union of Chambers and Commodity Exchanges of Turkey (TOBB) report showed 8,669 companies were …

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Kazakhstan’s Trade House to open in Baku

Kazakhstan’s Trade House was registered in Azerbaijan, Director General of the Trade House, Azerbaijani businessman Rufat Rzayev said, according to Kazinform news agency. Among the goals of Kazakhstan’s Trade House is …

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Israel reopens some businesses

Israel allowed some businesses to reopen on Sunday and said it was considering letting children return to school as part of trial efforts to ease coronavirus restrictions and help the country's struggling economy. After weeks …

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First Tesla online store opened in China

 U.S. electric car company Tesla announced that it opened its first online flagship store on China's leading e-commerce platform Tmall.com. Consumers can purchase auto parts and charging services as well as make test drive …

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Saudi Arabia suspends work in private sectors

Saudi Arabia suspended work in private sectors except health and food services for 15 days, state news agency reported on Wednesday. Saudi Arabia has reported 171 cases of coronavirus so far, and has taken measures to limit the …

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U.S. wants China to stop buying Iranian oil

Washington is consulting with Chinese colleagues to cut off oil supplies from Iran to China, U.S. Treasury Secretary Stephen Mnuchin said. He told Fox News that through sanctions Washington has now managed to "cut …

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The Economist’s names Uzbekistan country of the year

Uzbekistan has won the 'country of the year' award from The Economist. The edition annually awards the states achieving the biggest progress in democracy. The Economist said after dismissal of the State Security Service …

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"Caspian Convention lays groundwork for joint projects"

The Convention on the Status of the Caspian Sea, signed more than a year ago by the heads of the five Caspian littoral states, has laid the groundwork for for the active development of joint bilateral and multilateral projects in this region, the …

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China stops buying Iranian oil

China and a number of other states have stopped buying oil from Iran after the U.S. announced a decision not to extend exemptions from its sanctions for certain countries, the Wall Street Journal reported, citing sources in the Iranian oil …

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Georgia-Israel business forum to be held in Tbilisi

A Georgian-Israeli business forum, to be attended by about 100 entrepreneurs from Israel, will be held in Tbilisi tomorrow. The Israeli delegation will include large businessmen who have not previously had relations with Georgia. …

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