currency
Turkey sees lower growth, double-digit inflation in next years
Middle East
September 20, 2018
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
September 17, 2018
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
September 10, 2018
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
August 16, 2018
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
August 15, 2018
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
August 14, 2018
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
August 13, 2018
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
August 10, 2018
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
August 10, 2018
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
August 8, 2018
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…