business in the East

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Bahrain discovers largest oil discovery since 1932

Bahrain said that it had discovered the country's largest oilfield in decades, located off the west coast of the kingdom, the BNA news agency reported.  According to the agency, the new tight oil and deep gas resource is …

 Turkey's Dogan in talks to sell media arm

Turkey’s Dogan Holding confirmed it had started talks with Demiroren Holding on the sale of its $890 million media arm, a deal seen as further cementing media support for the country's  President Recep Tayyip …

Saudi Aramco eyes local IPO, may spike overseas listing

Saudi Arabia is scaling back its ambitions for a public offering for oil giant Aramco, moving ahead with a listing next year solely on the Saudi stock exchange, government officials and others close to the process say. They are …

Chinese investors fail to purchase stake in Rosneft

The deal on purchasing a 14.2% stake in Rosneft from the Glencore-QIA Consortium by China’s CEFC has been frozen due to financial issues, Kommersant wrote.  Pouring $9.1 bln into obtaining the stake in the Russian oil and gas …

Saudi Aramco IPO delayed until 2019?

Saudi Aramco’s listing is unlikely to go ahead this year, according to British officials who have been warned by their Saudi counterparts that the world’s biggest flotation was expected to be delayed, Financial Times …

Voronezh hosting Russian-Turkish business forum

About 20 Turkish companies will take part in the regional Russian-Turkish business forum, which opened in Voronezh today. The event is held by the Chamber of Commerce and Industry of the Russian Federation, the Russian Trade Mission in …

Atambayev says Kyrgyzstan is heaven for business

Kyrgyzstan is becoming a heaven for business, a free country, where people can do investments and earn big money working fairly and transparently, Kyrgyz President Almazbek Atambayev said at the meeting with US companies. …

 Russia and Turkey to discuss grain supplies

Russian and Turkish economy ministries will hold consultations on Russian grain supplies to Turkey soon, the Russian Deputy Economic Development Minister Alexei Gruzdev said on the sidelines of an Arctic forum. …