Saudi Investment Minister to Visit Greece to Expand Strategic Partnership

Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih. Reuters file photo
Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih. Reuters file photo
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Saudi Investment Minister to Visit Greece to Expand Strategic Partnership

Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih. Reuters file photo
Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih. Reuters file photo

Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih is set to visit Greece on Sunday at the head of a delegation of government officials, representatives of the private sector, and businessmen, the Saudi Press Agency reported.

The three-day visit aims to expand the strategic partnership and enhance investment and trade relations between the two countries, SPA said.

During the visit, the Minister of Investment will meet with a number of Greek officials and executives of major Greek companies. The fifth meeting of the Saudi-Greek Ministerial Committee and the Saudi-Greek Investment Forum will also be held, it said.

The Saudi-Greek Business Council will complete its works and follow-up its activities with the participation of the Federation of Saudi Chambers and the Federation of Greek Companies, aiming to enhance economic cooperation between the two countries, address the challenges facing investors, and exchange information on available investment opportunities, the news agency added.



Turkish Manufacturing Sector Contracts Further in March, PMI Shows

Shoppers walk through the spice bazaar in the Eminonu district of Istanbul on April 1, 2025. (Photo by Ed JONES / AFP)
Shoppers walk through the spice bazaar in the Eminonu district of Istanbul on April 1, 2025. (Photo by Ed JONES / AFP)
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Turkish Manufacturing Sector Contracts Further in March, PMI Shows

Shoppers walk through the spice bazaar in the Eminonu district of Istanbul on April 1, 2025. (Photo by Ed JONES / AFP)
Shoppers walk through the spice bazaar in the Eminonu district of Istanbul on April 1, 2025. (Photo by Ed JONES / AFP)

Türkiye's manufacturing sector contracted further in March, with output and new orders continuing to ease amid difficult market conditions both domestically and internationally, a survey showed on Wednesday.
The Purchasing Managers' Index (PMI) slipped to 47.3 from 48.3 in February, marking the lowest reading since October last year, survey compilers S&P Global reported. A PMI reading below 50 indicates a contraction in activity, Reuters reported.
March marked the 21st consecutive month of declining new orders, with the slowdown being the most pronounced since last October. New export orders fell at the fastest pace since November 2022.
"Challenging market conditions both at home and abroad meant for further moderations in output and new orders in March as Turkish firms struggled to secure business," said Andrew Harker, Economics Director at S&P Global Market Intelligence.
Despite the downturn, there were signs of stabilization in some areas. Inventory levels held steady after 10 months of depletion, and suppliers' delivery times improved for the first time in six months, reflecting reduced demand for inputs.
Inflationary pressures eased slightly although currency weakness continued to drive up costs. Employment in the sector also saw a slight reduction for the fourth consecutive month, though the decrease was the smallest so far this year.
Manufacturers remain cautiously optimistic about future output, hoping for improvements in new orders and demand from the construction sector over the coming year.