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
Turkish President Recep Tayyip Erdogan used a joint appearance with Pakistani Prime Minister Shehbaz Sharif in Istanbul on Saturday to deliver his latest broadside against Israel, warning that the "war-addicted Israeli government must not be allowed to drown our geography in the smell of gunpowder and blood again" and accusing Jerusalem of trying to "dynamite" the US-Iran peace deal.
The body of Iran's slain Supreme Leader Ayatollah Ali Khamenei was lying in state in a vast hall in Tehran on Friday as clerics, officials, foreign dignitaries and other mourners paid their respects after his 37-year rule.
The World Bank has announced the appointment of Dahlia Khalifa as Division Director for the Middle East Department, covering Iran, Iraq, Jordan, Lebanon and Syria. She succeeds Jean-Christophe Carret, who served in the role for four years.
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