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Sunday, August 25, 2019
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    Turkish lira rises to four-month high ahead of religious holiday

    Turkey’s lira climbed to the highest level since early April as Turks bought the currency ahead of a religious holiday. The lira gained 0.4 percent to 5.49 per...

    Drilling setback casts cloud over gas development

    Following a rapid increase in production over the past three years, Egypt has once more become a net exporter of natural gas, and in late July it...

    Greek Cypriot credit card spending in the North

    The Greek Cypriot side reported that spending on credit cards last month increased on a monthly and yearly basis. Turkish Cypriots via credit cards ”spent 1.52 million Euros...

    Turkey to see lower interest rates: Finance minister

    Turkey will see a downward trend in interest rates in the coming days, the country's finance and treasury minister said Tuesday. Turkey showed strong policy successes over the...

    New rail line links Turkish port with China and UK

    Turkey’s one of the largest container terminal, DP World Yarimca was connected to China and London by rail on Tuesday. Inaugurating the new rail line, Turkish Minister of...

    Turkey Told Bankers It May Exceed Targets for Borrowing, Deficit

    Turkish officials told bankers that the government is set to exceed its targets on new debt and the budget deficit, according to people with direct knowledge of the...

    Pound sinks to 28-month low on Brexit fears

    The pound sank to a 28-month low against the dollar as Boris Johnson's government toughened its rhetoric on Brexit. Sterling dipped 1.1% to $1.2242 and €1.1004 respectively. The currency...

    Turkey’s Digitürk cries foul over TV deal as lira slides

    Turkish TV network Digitürk’s struggle with a $125 million payment on a broadcasting deal, citing a plunge in the lira since it was signed in November 2016, is...

    New governor of Turkey’s central bank sacks four coordinators

    Murat Uysal, the newly appointed governor of Turkey’s central bank, abolished a general coordination unit established by the former governor and removed four coordinators of duty, Deutsche...

    Olive oil company unites Cyprus with a ‘taste of peace’

    Hasan Siber and Alexandros Philippides, co-founders of Colive, stand in front of a 900-year-old olive tree. Siber, a Turkish Cypriot, and Philippides, a Greek Cypriot, started an...
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