currency

Turkey sees lower growth, double-digit inflation in next years
Middle East

Turkey sees lower growth, double-digit inflation in next years

  Turkey, which was last month buffeted by its worst currency crisis in recent years, on Thursday forecast sharply lower…
A year after US sanctions ended, Sudan’s economy unravels
Middle East

A year after US sanctions ended, Sudan’s economy unravels

  KHARTOUM (Reuters) – For 22 years Mohamed Mahmoud deposited his law practice’s cash in a bank near his Khartoum…
Turkey’s economy grows 5.2 percent in second quarter, set to slow down
Middle East

Turkey’s economy grows 5.2 percent in second quarter, set to slow down

  ISTANBUL (Reuters) – The Turkish economy grew 5.2 percent year-on-year in the second quarter, data official showed on Monday,…
US tariffs to stay on Turkey, Qatar offers Ankara aid
Middle East

US tariffs to stay on Turkey, Qatar offers Ankara aid

ISTANBUL/WASHINGTON (Reuters) – The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis…
Turkey hits back at US with tariff hikes on key products
Middle East

Turkey hits back at US with tariff hikes on key products

Turkey on Wednesday said it was hiking tariffs on imports of several key US products in retaliation for American sanctions…
White House adviser Hassett: U.S. monitoring Turkey situation ‘very closely’
Middle East

White House adviser Hassett: U.S. monitoring Turkey situation ‘very closely’

WASHINGTON (Reuters) – White House economic adviser Kevin Hassett said on Monday the Trump administration is monitoring the financial situation…
Turkey prepares action plan for banks and businesses to tackle economic woes
Middle East

Turkey prepares action plan for banks and businesses to tackle economic woes

Turkey’s lira hit record lows against the US dollar as the president spoke out again against raising interest rates. But…
Parliament approves Egypt’s first sovereign wealth fund
Economy

Parliament approves Egypt’s first sovereign wealth fund

Egypt’s parliament has agreed to establish a government-operated sovereign wealth fund to help boost the economy, in a move deemed…
U.S. curbs on Russian banks would be act of economic war: PM
World

U.S. curbs on Russian banks would be act of economic war: PM

MOSCOW (Reuters) – Russia would consider any U.S. move to curb the operations of Russian banks or their foreign currency…
Turkish lira weakens again, eyes on Washington talks
Middle East

Turkish lira weakens again, eyes on Washington talks

ANKARA/ISTANBUL (Reuters) – Turkey’s lira weakened against the dollar on Wednesday, hit by concern about President Tayyip Erdogan’s grip on…
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