Turkish policymakers made their first move to bolster the financial system and investor confidence amid a plunge in the lira. The currency, stocks and bonds...
“Under the pillow.’’ That’s where Turks can find the weapons to fight back against American sanctions, according to their president. The local idiom describes...
When Turkey’s president called early elections, most analysts figured they knew why – there was financial trouble up ahead and he couldn’t risk waiting. The...
Saudi bank lending to private companies shrank for an 11th month in January, the longest stretch in at least two decades, underscoring the challenge facing...
After a year of rising U.S. interest rates and political volatility that drove up borrowing costs in much of the Middle East and North Africa, the region’s...
Egypt plans to renew a $2 billion financing deal with international banks while also developing alternative sources of funding such as issuing...
Saudi Arabia may get a budget boost of more than $90 billion by 2020 from new taxes and the planned reform of fuel subsidies and prices, International...
The number of foreign visitors to Turkey rose for the first time since a row with Russia deepened a crisis in the nation’s tourism industry. Tourist arrivals...
Turkey’s economy grew at a faster pace than anticipated last quarter as households boosted spending, supporting activity following the failed military coup....
ANKARA: Turkey posted some of its worst budget and unemployment data since 2009 – a time when the impact of the global financial crisis was at its peak. The...
ANKARA: Turkish policymakers are stepping up their support for commercial banks to help them cope with any impact on lending from last month’s failed military...
Erdem Basci’s biggest accomplishment may be that people still talk about the independence of Turkey’s central bank. The 49-year-old former academic was one of...
ANKARA: After building a political career based on economic strength, Turkey’s Recep Tayyip Erdogan may have to spend some of the next five years repairing...
Turkish Prime Minister Recep Tayyip Erdogan is seeking to limit the economic costs of picking the losing side in the regional power struggle over Egypt....
ANKARA: Iran is seeking a bigger share in Turkey’s energy market as the two countries work toward preferential trade agreements, Iranian Ambassador to Turkey...
Turkey’s economy is showing signs of slowing, with the weakest manufacturing data in a year bolstering speculation it will miss its year-end growth target. A...