Turkmenistan Financial News

IMEC) and India-Israel-USA-UAE projects, China has launched dialogue across the region seeking to align BRI with Turkiye's Middle Corridor Initiative. Turkiye had decried IMEC, which is aimed at rivaling BRI in the region and this week's BRI summit in China is expected to witness efforts to align Ankara's Middle Corridor Initiative with BRI. The two sides recently held a high-level dialogue on the issue, ET has learnt. IMEC was announced on the sidelines of the G20 summit here in the presence of leaders of the USA, Saudi Arabia, India and Europe. Trans-Caspian East-West-Middle Corridor Initiative shortly named as 'The Middle Corridor', begins in Turkiye and passes through the Caucasus region via Georgia, Azerbaijan, crosses the Caspian Sea, traverses Central Asia and reaches China, according to a Turkish foreign ministry document.

Afghanistan in the Russian city of Kazan that saw participation from India and representatives of the Taliban called for an inclusive government in Kabul, ensuring rights of women and preventing the Afghan territory from being used for spreading terror. India was represented at Friday’s meeting by its Moscow-based envoy Pawan Kapoor. ET was the first to report that India will participate in the Moscow format meet in Kazan on September 29. The fifth meeting of the Moscow format on Afghanistan also witnessed the participation of special representatives and senior officials from Russia, China, Pakistan, Iran, Kazakhstan, Kyrgyzstan, Turkmenistan and Uzbekistan. Representatives of Qatar, the UAE, Saudi Arabia and Turkiye also attended the meeting as invited parties.

economic cooperation – in 2023 with Russia for the first time getting into the three top trade partners of India due to contribution of International North South Transport Corridor (INSTC), CEO of RZD Logistics (top Russian logistics company that operates INSTC) Dmitry Murev told ET. The export from Russia to India in the 2022-2023 financial year increased by 4.7 times and activation of INSTC is one of the most important factors that contributed to this, according to Murev. “Our company managed to build strong partnership with the leading participants of transport and logistics industry of India, Iran, Turkmenistan and Kazakhstan, which, in particular, allowed to cut the net cost of the end-to-end transportation service along the Eastern route of INSTC by 50% since August of 2022,” Murev informed. All three branches of INSTC – Western, Trans-Caspian and Eastern – are working. Each of these routes has its own infrastructure characteristics and perspectives, uniting certain groups of member countries of INSTC, with India and Russia being actively involved in the work of the corridor on all three routes, RZD CEO pointed out. The Western route of INSTC connects Russia, Azerbaijan and Iran by rail and auto transport for connecting to India and Persian Gulf countries.

Kirkuk, a northern Iraqi city, following violent confrontations between rival demonstrations by Kurdish and Arab residents. The clashes have prompted Prime Minister Mohammed Shia al-Sudani to order extensive security operations in the affected areas.

Al Jazeera reported as quoted by ANI. Iraq's Prime Minister Mohamed Shia al-Sudani ordered a curfew in Kirkuk and “extensive security operations in the areas affected by the riots", a statement from his office said on Saturday. A local official said that one civilian was killed and eight were injured, after days of brewing tensions in Kirkuk, which has historically been disputed between the federal government in Baghdad and the authorities in the autonomous Kurdish region in the north.

Iraq has declared a curfew in the ethnically-mixed city of Kirkuk in northern Iraq after clashes involving Kurds, Arabs and Turkmens. Iraqi Prime Minister Mohammed Shia' al-Sudani, who also leads the Iraqi armed forces, on Saturday ordered the curfew in Kirkuk province and initiated search operations in the areas that had witnessed riots, Xinhua news agency reported. Al-Sudani stressed that the security forces «must be firm in arresting anyone who dares to tamper with the security of Kirkuk, from any party, and not allow the carrying of weapons at all, except for the security services,» according to a statement released by the Iraqi armed forces. The disturbance erupted on Saturday when Arabs and Turkmens protesting the planned return of the Kurdistan Democratic Party (KDP) to its old headquarters in the city of Kirkuk, nearly 250 km north of Baghdad, clashed with Kurds at the site.

Turkmenistan’s flagship carrier, Turkmenistan Airlines, has announced it will extend its suspension of flights to Moscow until the end of October, citing safety concerns after an increase in drone attacks on the Russian capital

US envoys for Afghanistan Thomas West and Rina Amri have once again called for an inclusive government in Kabul which, at present is under Taliban rule, TOLOnews reported. Since the Taliban seized power, it has curtailed women's rights in the nation. Thomas West, a US special envoy, and Rina Amiri, a US special envoy for Afghan women, girls, and human rights, met with representatives of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan in Astana two days prior to the Doha summit to discuss Afghanistan.

United Nations Conference on Trade and Development (UNCTAD) has released a report on global investments for the year 2022. According to the report, the net inflow of foreign direct investments (FDI) to Central biggest state Kazakhstan amounted to $6.1 billion, the highest figure in the past 5 years and 83% higher than in 2021. This is the highest indicator among the post-Soviet countries.

The next Shanghai Cooperation Organisation (SCO) Summit will be hosted by India virtually on Tuesday. The summit is set to be joined by all SCO member states including China and Pakistan. Major highlight will be the participation of Chinese President Xi Jinping and Pakistan's PM Shehbaz Sharif.  Russian President Vladimir Putin will also be the part of the summit.

The Organization for Security and Co-operation in Europe (OSCE) organized a five-day training course on cryptocurrencies and Dark Web investigation for Uzbekistan's police and prosecution forces. The course is a part of OSCE’s consistent efforts to educate Central Asian law enforcers on the emerging technologies that criminals might abuse in a strategically important region for the global drug trade. 

Russian President Vladimir Putin has retorted that Western leaders would look "disgusting" topless after he was mocked for his own bare-chested photos.

Turkmenistan will hold snap presidential elections after the country’s authoritarian leader announced he is ready to relinquish power to younger people.