Middle East

Saudi Azov

Saudi Arabia Gets Foothold Into Russia’s Agricultural Market

Agriculture, Foreign Investment, Middle East, Trade

Saudi Arabia’s Salic (Saudi Agricultural & Livestock Investment) has gained control over several Russian agricultural assets through its purchase of Singapore’s Olam Agri, the Russian Union of Grain Exporters and Producers has said. The main asset is the Azov Grain Terminal. Eduard Zernin, the Union CEO, stated “Without exaggeration, this is a landmark deal which […]

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New Israel Port Haifa – Novorossiysk Shipping Service Launched

Imports, Logistics & Transport, Middle East, Trade

Russia’s multimodal transport operator Ruscon, part of the Delo Group, is launching a regular service for delivering consolidated cargo from Israel to Russia, the company has stated. Goods will be consolidated at warehousing in the Haifa Port, then shipped in large containers to Ruscon’s Delo Group’s marine terminal in Novorossiysk. Cargo will be deconsolidated at

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Kuwait

Russia – Kuwait Bilateral 2024 Relations: Update  

Energy, Middle East, Trade

The Russian and Kuwaiti Foreign Ministers have met in Moscow, with Russia welcoming Kuwait’s growing interest in developing relations between the two countries, according to Russian Foreign Minister Sergey Lavrov following talks with Kuwaiti Foreign Minister Abdullah al-Yahya. Lavrov said “We have welcomed the growing interest of the governments, departments and business circles of the

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The Middle East and the 2024 BRICS Summit: Executive Summary

BRICS, Energy, Middle East, Security, Trade

The Middle East was a key component of the 2024 BRICS Heads of State Summit, with considerable diplomatic engagement concerning the on-going crisis. Just one day after the Iranian delegation returned from Russia, Israel attacked Tehran. The Palestinian President was also invited to the summit as was the UN Secretary-General. However, apart from the security

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Combined BRICS Flags1

BRICS Invites 13 Partner States To Join: Full Details

Africa, BRICS, Economy, Infrastructure, Latin America, Middle East, Trade

The BRICS countries have agreed to include 13 countries in the category of “Partner States” in the association. However, the entry of these countries has not yet been made official, as the newly established protocol in the procedure requires the country holding the current Chairmanship of the organisation (in this case, Russia, from 2025, Brazil)

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UAE Investment Fund Buys 6.86% Of Moscow Stock Exchange

BRICS, Finance, Foreign Investment, Middle East

The UAE investment company Fundament Capital Investment Management has purchased 6.86% of the shares in the Moscow Stock Exchange (MOEX), acquiring them from the American State Street Bank and Trust Company. MOEX said that Fundament Capital received 156,177,798 shares on September 30. The main shareholders of Moscow Exchange are now the Bank of Russia (11.7%),

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