A street vendor stands next to his stall in Istanbul. Reuters
The Turkish economy shrank sharply year on year for the second straight quarter in early 2019, laying bare the impact of a punishing currency crisis and soaring inflation and interest rates against a tense political backdrop.
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,
Turkish Cypriot newspaper owner-publisher Sener Levent and journalist Ali Osman have been cleared by a court in Turkish-occupied northern Nicosia of insulting Turkey’s President Recep Tayyip Erdogan.
During the past week the Western press has reported Russian and Syrian bombing of north-western Idlib province and the flight of thousands of civilians from targeted villages. Writers complain that Moscow and Damascus have been violating the “de-confliction” deal reached last year
International Monetary Fund chief Christine Lagarde submitted her resignation from the global crisis lender on Tuesday, citing more clarity about her nomination to lead the European Central Bank as European legislators approved a new top bureaucrat. Lagarde said in a statement her resignation was effective Sept. 12, firing the starting
DMCC - the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise - and the Department of Economic Development (DED), the Government of Dubai entity that regulates the economic activity of all onshore companies, have signed a strategic agreement to collaborate on the licensing of companies
New York: Three big US banks reported strong earnings even as warning signs emerged that the playing field is beginning to tilt against the financial industry. While the biggest risk ahead is that lower interest rates will pressure banks’ bottom lines in the coming months, the squeeze is already beginning. JPMorgan Chase & Co and Wells Fargo
The bilateral trade ties between Kazakhstan and the UAE is marching ahead and is on a solid growth trajectory as our country bids to become a regional financial centre and Fintech hub for Central Asia is deeply influenced by Dubai. This was stated by Kairat Kelimbetov, Governor, Astana International Finance Centre (AIFC), during an exclusive