A man carries his shopping bag at a bazaar in Istanbul. Reuters
One in every eight Turkish lira is now generated by the nation’s travel and tourism sector. According to a recent report, the tourism sector contributed TL461.3 billion ($95.6 billion) to the country’s economy in 2018,
Turkey predicts annual real economic growth at 4.3% on average between 2019-2023, it said on Monday in an ambitious five-year development plan promising efficiency and competitiveness.
Turkish borrowing costs have begun falling after the central bank slashed interest rates last week, but companies say more monetary stimulus and bank lending will be needed to kick-start the recession-hit economy after last year’s currency crisis.
US Commerce Secretary Wilbur Ross said on Monday the US government will extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from US companies so that it can service existing customers,
Stock markets rallied on Monday after US President Donald Trump’s top economic adviser hailed “positive” trade talks with Chinese negotiators.
The Dubai Financial Market (DFM) has announced that its listed companies have recorded a 96 per cent compliance regarding the disclosure of Q2-2019 results within the deadline of 45 days from the end of the period.