Caucasus Business Week #264

Page 11

World News

11 December 12, 2018 #264

Qatar is Leaving OPEC From 2019 The small, gas-rich state of Qatar said Monday that it will leave the oil cartel on January 1 after nearly 60 years of membership. The country’s state oil company, Qatar Petroleum, made the announcement in a series of tweets.

Trade Turnover between Azerbaijan and Georgia hit $450 mln Azerbaijan and Georgia maintain high-level relations in all spheres, especially in economic field. Two countries have already taken initiatives for global projects in the region together for a long time. Close bilateral ties play a key role in the development of regional cooperation.

Elon Musk Says People Need to Work around 80 hours per Week to Change the World Elon Musk said on Monday via Twitter that people need to work from around 80 to over 100 hours per week to "change the world." "There are way easier places to work, but nobody ever changed the world on 40 hours a week," Musk said, referring to the four companies — Tesla, SpaceX, The Boring Company, and Neuralink — where he serves as CEO.

Russia Business Enterprise Plans to Invest up to $340mln in Armenia Armenia’s Acting Deputy Prime Minister Tigran Avinyan received director Sergey Sopin of Ekotexprom company of Russia.

Turkey's Akbank to Increase Capital, Shares down 5 pct Akbank will receive 3 billion lira ($558 million) in proceeds from the issue which is to be used to improve its capital base and solvency ratios, the bank said in a stock exchange filing.

Kazakhstan Launches International Investment Forum The 6th International Investment Forum Aktobe Invest has been launched in the Kazakh city of Aktobe, Trend reports citing the Kazakh media.

Walmart is Acquiring the World's Largest Online Seller of Art Walmart is acquiring the world's largest online seller of art.

Japan's SMBC allocates $100M for Uzbekistan to Boost Internet Speed Dubai Launches the World's First Sail-thru Supermarket Majid Al Futtaim has unveiled Carrefour Bites and More by the Shore to serve customers on yachts, jet-skis and on three selected beaches in Dubai.

The National Bank of Uzbekistan (NBU) and Japan’s Sumitomo Mitsui Banking Corporation (SMBC) signed a cooperation agreement in the amount of $100 million, Trend reports referring to the press service of the Uzbek bank.


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