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Top Turkish defense event sees $6.2B in deals

ISTANBUL: The SAHA Expo, one of Trkiye’s top defense events, saw the signing of dozens of agreements between foreign and domestic companies and institutions in the Turkish metropolis Istanbul.

Among the deals were export cooperation agreements and me…

China grants 100% duty-free access to imports from Afghanistan

ISTANBUL: China on Friday confirmed that imports from Afghanistan will be granted 100% duty-free access, state media reported.

Foreign Ministry spokesman Lin Jian said the measure ‘will promote bilateral trade cooperation and achieve mutual benefits….

Russia increases policy rate to historical high level of 21%

ISTANBUL: The Bank of Russia increased its policy interest rate by 200 basis points to 21%, a historical high level, on Friday.

The bank has raised the rate from 8.5% to 19% since July 2023 through to September and the market expectation was 20% for …