News in Brief
Bishkek, Tehran to open joint investment office
24.KG – A joint investment office will be established by Kyrgyzstan and Iran per the corresponding memorandum that was signed at the 13th meeting of the Intergovernmental Commission on Trade, Economic, Scientific, Technical, and Cultural Cooperation.
Announcing the above, Minister of Economy of Kyrgyzstan Daniyar Amangeldiev noted that the joint investment office would finance self-sustaining projects in priority sectors of the economy of the Kyrgyz Republic.
According to him, the initiative will help strengthen and develop deep, sustainable relations between the two countries.
Oil prices could hit ‘uncharted waters’
DAILY SABAH – Oil prices could be pushed into “uncharted waters” if the violence between Israel and Palestine intensifies, which could result in increased food prices worldwide, the World Bank warned Monday.
The World Bank’s Commodity Markets Outlook found that while the effects on oil prices should be limited if the conflict doesn’t widen, the outlook “would darken quickly if the conflict were to escalate”.
Moscow keen on expanding trade ties with Tehran
IRNA – Director of the Federal Customs Service of Russia Ruslan Davydov expressed Russia’s readiness to expand trade relations with Iran.
Davydov made the remarks in a meeting with Foroud Asgari, the deputy head of the Iran Customs Administration for Customs Affairs on Monday.
Increasing the tariff level for exchanges in the form of a Green Corridor between the two countries, following up on the final approval of the agreement of authorized economic operators (AEO), and the exchange of knowledge and experience between the experts are among the factors that would help facilitate trade between the two countries, Asgari said for his part.