Chinese electric vehicle manufacturer BYD's investment process in Turkey continues without any problems, Turkish industry ministry sources said on Thursday when asked about China's warning to its companies about risks of investing overseas.
Istanbul, Turkey, BYD Atto 3 © Mena Today
Chinese electric vehicle manufacturer BYD's investment process in Turkey continues without any problems, Turkish industry ministry sources said on Thursday when asked about China's warning to its companies about risks of investing overseas.
Discussions are underway with other Chinese carmakers for new investments, the sources added, requesting anonymity.
Citing two people briefed on the matter, Reuters reported on Thursday that China's commerce ministry recently warned the country's carmakers of the risks of making auto-related investments overseas.
Reporting by Nevzat Devranoglu and Huseyin Hayatsever
Saudi Arabian Mining Co. (Maaden) and Australia-based Midana Exploration Pty Ltd, part of Hancock Prospecting, have formed a joint venture to accelerate mineral exploration across Saudi Arabia, with initial work set to target the Nabita–Ad-Duwayhi Gold Belt after winning exploration licenses from the Ministry of Industry and Mineral Resources.
The United Arab Emirates said on Tuesday said it was pulling out its remaining forces in Yemen after Saudi Arabia backed a call for UAE forces to leave the country within 24 hours.
A new innovation and entrepreneurship hub is set to open next month in northern Israel near the Lebanon border, as local organizers push to rebuild the region’s economy after months of disruption and evacuation linked to the war.
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