United Arab Emirates

BELGRADE - Serbian President Aleksandar Vucic received a farewell visit from UAE Ambassador to Belgrade Mubarak Al Dhaheri on Monday, thanking him for making an immeasurable contribution to a strong upward trajectory of overall Serbia-UAE relations through his vast diplomatic experience and personal commitment.

Türkiye's Limak Group and Alpha Dhabi Holding, one of the fastest-growing investment holding companies in the United Arab Emirates (UAE), have signed a memorandum of understanding (MoU).

Türkiye and the United Arab Emirates have signed deals worth $50.7 billion as President Recep Tayyip Erdoğan rounded off a three-country tour of the Gulf.

NEW YORK - On the first day of a visit to the US, Serbian Minister of Science, Technological Development and Innovation Jelena Begovic met with UAE Deputy Minister of Cabinet Affairs for Competitiveness and Knowledge Exchange Abdulla Nasser Lootah and Abu Dhabi Investment Authority Director General Alhur Alsuwaidi in New York on Tuesday.

Turkish company Baykar has signed an agreement to provide its Bayraktar AKINCI unmanned combat aerial vehicles to Saudi Arabia, which Baykar CEO Haluk Bayraktar has called "the biggest defense and aviation export contract in the history of the Turkish Republic."

The agreement was inked during President Recep Tayyip Erdoğan's visit to Saudi Arabia.

The government will unveil a new medium-term program in September with updated macroeconomic targets, Vice President Cevdet Yılmaz has said.

Nevertheless, the genie is out of the bottle. If drones are a satisfactory way for the world's mightiest country to reduce the financial cost and risk of life loss, it is also tempting for demographically challenged Balkan countries to take care of their military requirements at an affordable price, and reduce the risk of losing shrinking manpower.

Treasury and Finance Minister Mehmet Şimşek is expected to meet with U.S. Treasury Secretary Janet Yellen this week on the sidelines of the G20 finance ministers' summit in India.

Şimşek will be accompanied by Central Bank Governor Hafize Gaye Erkan.

The International Monetary Fund (IMF) has approved a $3 billion loan agreement for Pakistan, unlocking crucial funding for the troubled South Asian economy.

In a statement, the IMF said its executive board gave the green light to the nine-month standby arrangement, in order "to support the authorities' economic stabilization program."

Türkiye has relinquished its position as the country with the highest number of rejected Schengen visa applications in 2021 to Algeria, while topping the list of countries with the most applications, according to data from a Schengen-related news publishing website.