Author: El Thousta

Kenes Rakishev, former special envoy of the Kazakh government and current chairman of Fincraft Resources signed a memorandum of understanding, as well as a shareholder agreement with the Indian holding Monnet Group on the establishment of a joint venture in Kazakhstan for the production of ferroalloys. The company was named TB Alloys Kazakh Limited.The new plant is planned to be located in the industrial zone of the Taraz city. The company has already started pre-project work. At the first stage, the planned capacity of the enterprise will be up to 50 thousand tons of ferrosilicon per year with a gradual…

In October, Iraq’s acting finance minister Ihsan Jabbar shocked the world by announcing an investigation into $2.5 billion that had gone missing from Iraq’s General Commission for Taxes, a department in the Ministry of Finance. It was described as the heist of the century. The money had been given to five shell companies set up last year and investigations are ongoing, but experts tell The National that while several political parties have been implicated, senior officials are unlikely to be punished. Earlier this month, it was alleged that attempts to toughen anti-corruption efforts by former prime minister Mustafa Al Kadhimi ended in…

Turkiye’s foreign minister on Tuesday received local senior figures from Iraq, reports Anadolu Agency. Without giving further details, Mevlut Cavusoglu said on Twitter he met with Regional Minister of the Kurdish Regional Government Aydin Maruf, Ezidi Leader Mir Hazim Tahsin Beg, Assyrian parliamentarian Fareed Elya and their delegation. According to Iraqi figures, the Daesh group killed 1,293 Yazidis and kidnapped 6,417, of whom 3,530 had managed to flee from the group’s grip. In its more than 35-year terror campaign against Türkiye, the PKK – listed as a terrorist organization by Turkiye, the US, and EU – has been responsible for the…