Picture used for illustrative purpose only.
Turkey’s relatively low debt levels and experience at riding out financial market turbulence is helping its credit rating withstand the country’s current coronavirus
Turkey’s annual inflation rate rose slightly more than expected to 11.84 per cent in December, official data showed on Friday, ending the year close to a government target and probably narrowing the window for more interest rate cuts in 2020.
Turkey’s central bank raised its year-end inflation forecast on Thursday to 12.2 per cent from 9.4 per cent, in part due to pressure from lira depreciation, and its new governor said tight policy would be maintained until price pressures decline.
The Turkish lira weakened for the third consecutive day on Wednesday, tumbling 5 per cent and eating further into the huge gains made the previous week, as worries persisted over soaring inflation and unorthodox monetary policy. The losses gathered pace after little initial
Dubai attracted 7.12 million international overnight visitors between January and June 2022, recording more than 183% growth in visitors compared to the 2.52 million tourists
Dubai Chamber of Digital Economy, one of three chambers operating under the umbrella of Dubai Chambers, has announced the formation of the Dubai Digital Assets Business Group (D2A2),
Dubai CommerCity, part of the Dubai Integrated Economic Zones Authority (DIEZ) and the region’s first and leading e-commerce free zone,