A money changer counts Turkish lira banknotes at a currency exchange office in Istanbul. Reuters
The Turkish lira weakened more than 1 per cent against the dollar early on Tuesday after the United States halted delivery of equipment related to the F-35 fighter aircraft to Turkey.
The Turkish lira eased to 5.62 against the dollar early on Wednesday, remaining under pressure after weakening a day earlier as the United States halted delivery of equipment related to a Turkish order of F-35 fighter planes.
The Sharjah Airport on Thursday received Turkish Airlines’ inaugural flight from Istanbul. Starting in April, the airline will operate a daily flight to Sharjah from Istanbul’s new airport. The aircraft was welcomed with a traditional water salute, and a reception was held for the airline’s officials in the presence of Ali Salim Al Midfa, Chairman of Sharjah Airport Authority,
Turkey’s Treasury ministry is working on legislation to transfer the central bank’s 40 billion lira ($6.6 billion) in legal reserves to the government’s budget to shore it up, three economic officials told Reuters. The budget deficit is deeper than expected, said the sources,
The newly formed International Advisory Council recently held its first meeting at the Dubai Executive Council’s headquarters where member companies discussed efforts to boost economic competitiveness and stimulate business activity in Dubai.
The 12th Arab Strategy Forum kicked off in Dubai on Monday, under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
As part of The Department of Finance - Abu Dhabi’s ongoing efforts for improving the quality and basis for financial statements preparation at the emirate level and adoption of the best international standards in this field,