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Asia Business Gazette: Press Releases

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Press releases published on May 21, 2025

Turkic world is not whole without Turkish Republic of Northern Cyprus

Turkic world is not whole without Turkish Republic of Northern Cyprus

(MENAFN) On Wednesday, the Turkish Leader stated that the Turkic world is “incomplete” without the including of the Turkish Republic of Northern Cyprus (TRNC) in the Organization of Turkic States. Recep Tayyip Erdogan stated at the unofficial summit of the …

Syrian Foreign Minister Hails EU Move to Lift Sanctions on Syria

Syrian Foreign Minister Hails EU Move to Lift Sanctions on Syria

(MENAFN) Syrian Foreign Minister Asaad al-Shaibani praised the European Union's recent decision to remove economic sanctions on Syria, describing it as “a new historic achievement” for the nation. “We, together with our people, have achieved a historic …

Kremlin voiced remarks on Romania’s latest elections

Kremlin voiced remarks on Romania’s latest elections

(MENAFN) Kremlin representative Dmitry Peskov has referred to the Romania’s latest presidential election as “strange,” with the declared winner achieving success without the presence of the frontrunner. Euroskeptic George Simion lost against a pro-EU …

Trump Meets with House Republicans to Rally Support for Tax, Spending Bill

Trump Meets with House Republicans to Rally Support for Tax, Spending Bill

(MENAFN) U.S. President Donald Trump met with House Republicans on Capitol Hill Tuesday, working to rally support for his sweeping spending and tax cut bill. Ahead of the closed-door meeting, Trump told reporters that he views himself as a "cheerleader" …

China, ASEAN Conclude New Free Trade Agreement

China, ASEAN Conclude New Free Trade Agreement

(MENAFN) China and the Association of Southeast Asian Nations (ASEAN) wrapped up negotiations on the latest version (3.0) of the China-ASEAN Free Trade Area on Wednesday, as reported by a news agency. The agreement was finalized just before the 46th ASEAN …

Norway Allocates Extra USD440M for Ukraine’s Energy Sector

Norway Allocates Extra USD440M for Ukraine’s Energy Sector

(MENAFN) Norway has committed an extra 4.5 billion Norwegian kroner (about 440 million U.S. dollars) to bolster Ukraine’s energy sector in 2025. The announcement was made during Crown Prince Haakon’s visit to Ukraine on Tuesday, where he was joined by …

Italy Calls on Israel to Cease Gaza Attacks, Allow Humanitarian Aid

Italy Calls on Israel to Cease Gaza Attacks, Allow Humanitarian Aid

(MENAFN) Italy reiterated its call on Israel to cease its attacks on Gaza and open the crossings to allow vital humanitarian aid to reach the besieged Palestinian territory. “I once again called on Israel to halt military operations involving civilians and …

UN Chief Warns of Growing Maritime Security Threats

UN Chief Warns of Growing Maritime Security Threats

(MENAFN) UN Secretary-General Antonio Guterres raised concerns on Tuesday about growing dangers to maritime transportation, a critical component of global security. "Without maritime security, there can be no global security. But maritime spaces are …

Bank of Spain Sounds Alarm Over U.S. Tariffs' Economic Implications

Bank of Spain Sounds Alarm Over U.S. Tariffs' Economic Implications

(MENAFN) The Bank of Spain has raised concerns about the economic implications of recently implemented U.S. tariffs, although it expects the overall effect to be limited. In its annual report released on Tuesday, the central bank noted that Spain remains …

Turkish President Participates in Turkic States Summit in Budapest

Turkish President Participates in Turkic States Summit in Budapest

(MENAFN) Turkish President Recep Tayyip Erdogan arrived in Budapest on Wednesday to participate in an informal summit of the Organization of Turkic States (OTS). He was received by Hungary’s Construction and Transport Minister Janos Lazar, Protocol …

Erdogan Supports TRNC's Full Integration into Turkic States Organization

Erdogan Supports TRNC's Full Integration into Turkic States Organization

(MENAFN) Turkish Leader Recep Tayyip Erdogan emphasized on Wednesday that the Turkic world remains “incomplete” without the involvement of the Turkish Republic of Northern Cyprus (TRNC) in the Organization of Turkic States (OTS). Speaking at an informal …

Kabul Holds Three-Day Flower, Plant Exhibition

Kabul Holds Three-Day Flower, Plant Exhibition

(MENAFN) A vibrant three-day flower and plant exhibition took place in Kabul, Afghanistan, on Wednesday. The event, organized by the Kabul Municipality in partnership with several local flower shops, was held at Zarnagar Park in the heart of the city, …

Germany Revises Economic Forecast to Zero Growth for 2025

Germany Revises Economic Forecast to Zero Growth for 2025

(MENAFN) Key economic advisors in Germany have revised their 2025 growth forecast down to zero from an earlier projection of 0.4 percent, according to a report released Wednesday. The report from the German Council of Economic Experts sheds light on the …

Two Die in Stabbing Incident in North Holland, Two Officers Injured

Two Die in Stabbing Incident in North Holland, Two Officers Injured

(MENAFN) A stabbing in Hoofddorp, North Holland, on Wednesday morning resulted in the deaths of two people and injuries to two police officers, Dutch authorities reported. At approximately 6:05 a.m., police responded to a call about a disturbance at a …

FBI Shuts Down Surveillance Watchdog Amid Surveillance Law Debate

FBI Shuts Down Surveillance Watchdog Amid Surveillance Law Debate

(MENAFN) FBI Director Kash Patel has shut down the Office of Internal Auditing, an internal watchdog established in 2020 to oversee the use of national security surveillance, according to a media report released on Tuesday. "The elimination of the unit, …

Vietnam Announces Date for 2026 National Vote

Vietnam Announces Date for 2026 National Vote

(MENAFN) The Vietnamese National Assembly (NA) has officially scheduled the next national election for March 15, 2026, as reported by a news agency on Wednesday. This election will elect deputies for the 16th NA and members of People's Councils at all …

Oil Prices See Uptick Amid Fears of Israeli Attacks on Iran

Oil Prices See Uptick Amid Fears of Israeli Attacks on Iran

(MENAFN) Oil prices moved higher on Wednesday due to escalating fears of potential supply disruptions following reports that Israel may be gearing up to target Iran's nuclear sites. Brent crude, the global benchmark, was up approximately 0.67%, trading at …

Trump Meets Republicans Pushing for Support on Tax

Trump Meets Republicans Pushing for Support on Tax

(MENAFN) United States Leader Donald Trump met privately with House Republicans on Capitol Hill on Tuesday, aiming to solidify backing for his massive spending and tax reduction initiative. This significant legislative package marks a pivotal point in his …

High Housing Prices Burden Foreign Residents in Germany

High Housing Prices Burden Foreign Residents in Germany

(MENAFN) A recent investigation conducted by the Federal Statistical Office (Destatis) highlights a notable discrepancy in rental costs between foreign residents and German nationals. The report, published on Wednesday, indicates that individuals without …

Iraq's Oil Ministry Denounces Kurdistan's Energy Agreements with U.S. Companies

Iraq's Oil Ministry Denounces Kurdistan's Energy Agreements with U.S. Companies

(MENAFN) On Tuesday, Iraq's Oil Ministry rejected recent energy agreements between the Kurdistan Regional Government (KRG) and U.S. companies, deeming them a violation of Iraqi law. In a statement, the ministry asserted that the deals, valued at billions …

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