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
Eighty-five percent of African private-sector transactions are conducted with companies outside the continent. Egyptian President Abdel Fattah El-Sisi used that figure on Saturday to open the inaugural Alamein Africa Forum, a three-day business summit in the Mediterranean city of El-Alamein.
Two Iranian nationals appeared in a London court on Saturday charged with plotting acts of terrorism involving the use of a homemade bomb to attack the Jewish community in northern England at the behest of a figure believed to be based in Iran.
A large plume of smoke and fire was seen rising in the vicinity of an Aramco facility in Riyadh on Saturday, a witness told Reuters.
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