Istanbul / AFP President Recep Tayyip Erdogan says Turkey should not be “fixated” on joining the EU and has reiterated the idea of joining Russia and China in a Eurasian security group, local media reported on Sunday. His comments come as Turkey’s decades-long hopes of joining the European Union have reached a nadir, driven by the aftermath of the ...

  DUBAI / Reuters Saudi Arabia’s government has made payments of 40 billion riyals ($10.7 billion) that it owed to private sector companies, the kingdom’s Arab News newspaper quoted a senior construction industry executive as saying. With its oil revenues slashed by low crude prices, the government of the world’s largest oil exporter has cut spending sharply this year and ...

  Riyadh / Emirates Business The Kingdom of Saudi Arabia is realizing Saudi Vision 2030 energy goals with advanced offshore construction technology, experts announced on Sunday in the build-up to ADIPEC 2016. Saudi Vision 2030 aims to increase oil and gas localization from 40 percent to 75 percent. Supporting these energy goals, leading Middle East’s leading firms are driving investment ...