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 industrial production fell for the tenth consecutive month in June, data showed, offering few signs of a pick-up in economic growth as domestic demand remains weak after last year’s currency crisis.
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.
His Highness Sheikh Dr Sultan Bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, has asserted that he will personally support programmes and efforts to empower women around the world,
Public sector banks (PSBs) have returned to profitability in 2019-20, posting an aggregate profit of Rs3,221 crore in the first half ending September, Minister of State for Finance Anurag Singh Thakur said in the Parliament.
Dr. Matar Al-Neyadi, the Undersecretary of the UAE Ministry of Energy and Industry, inaugurated the Middle East Iron and Steel Conference 2019 which is being held in Dubai,