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
The organisers of two major Saudi energy and investment conferences said their events will go ahead this month and reassured visitors on security, after missile attacks on Riyadh's airport left four people dead and an airliner heavily damaged this week.
The Saudi-led coalition said Saturday it is carrying out a "large-scale operation" against Yemen's Iran-backed Houthi rebels, claiming to have destroyed 136 military targets.
An Omani flydubai co-pilot had intended to seize a Dubai-Tel Aviv flight and crash it into a terminal at Israel's Ben Gurion Airport on September 30 in a suicide attack before he was thwarted by the captain, the UAE attorney general said on Friday.
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