Turkey finance

Live News: Israel Accelerates Interest Rate Hike

The United States is gearing up for Thanksgiving Day celebrations, so expect the traditional round of travel mayhem and stories of traffic jams in the days leading up to Thursday’s National Day. Then get ready for the economic analysis of the Black Friday sales figures the next day. After about …

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8 Affordable Alternatives to Expensive Holiday Foods

Rawpixel.com / Shutterstock.com Do you know how much your Thanksgiving dinner will cost you extra this year? CBS reported that historically, food prices have only increased 2% per year. This year, the United States government estimates that food prices will increase by 9.5% to 10.5%. Holiday Spending: Get the best …

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Pennsylvania AG Josh Shapiro accuses his own former campaign consultant of large-scale voter fraud

Democrats Pennsylvania’s governor-elect rose to prominence by downplaying Republican voter fraud fears Pennsylvania Attorney General Joshua Shapiro/Facebook Chuck Ross • November 16, 2022 2:30 p.m. Pennsylvania Governor-elect Josh Shapiro, who has gained notoriety for downplaying Republican allegations of voter fraud, accused one of his former campaign consultants of “large-scale” ballot …

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INSIGHT-Middle East’s fertile crescent dries up as rains fail

* Photo report: https://reut.rs/3E0FE2x By Amina Ismail and Maha El Dahan DIWANIYA, Iraq, Nov 14 (Reuters) – Abbas Elwan has been drilling well after well in a desperate bid to find water for his family’s parched farmland in southern Iraq. After yet another failed attempt in August, he took a …

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Turkey prices come back down in time for Thanksgiving. here’s why

Just a few weeks ago, it looked like it was going to be a very expensive Thanksgiving. A combination of inflation and a deadly virus outbreak among birds had pushed prices for whole frozen turkeys to $1.99 a pound, up 73% from a year earlier. Instead of continuing to climb, …

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Turkish bonds look overvalued for Morgan Stanley after rally

(Bloomberg) — Bloomberg’s Most Read Morgan Stanley strategists say Turkey’s dollar bonds now look overpriced after leading a rally in emerging high-yield markets in recent weeks. “In absolute and relative terms, Turkey looks expensive,” Neville Mandimika, London-based sovereign emerging markets strategist at Morgan Stanley, said in a note to clients. …

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FirstFT: Democrats depend on turnout to avoid midterm election rout

Hello. This article is an on-site version of our FirstFT newsletter. Sign up for our Asia, Europe/Africa or Americas edition to get it delivered straight to your inbox every weekday morning Hello. Democrats raced to rally their voters yesterday in a bid to avoid landslide defeats in Tuesday’s midterm elections, …

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Disputes between Libya block the resolution of the conflicts between Turkey and Egypt

Turkey’s recent moves in Libya, including controversial new deals with Tripoli, have backfired on its budding bid to normalize relations with Egypt and gain leverage in energy disputes in the eastern Mediterranean. Egyptian Foreign Minister Sameh Shoukry said last week that dialogue with Ankara had been halted after two rounds …

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Industrial cities to host 4IR as Saudi Arabia diversifies away from oil

Turkey seeks partnership with Saudi Arabia as it plans to be an energy hub for Europe, minister tells Arab News RIYADH: Turkey is seeking more cooperation with Saudi Arabia and other countries as it plans to be an energy hub for Europe, its finance minister has said. “Turkey, due to …

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Dubai’s Emirates NBD third-quarter profit climbs 51%

DUBAI, Oct 27 (Reuters) – Emirates NBD (ENBD.DU), Dubai’s biggest bank, reported a 51% rise in third-quarter net profit on Thursday on higher revenue, including net interest income and transactions. Emirates NBD posted a net profit of 3.8 billion dirhams ($1.03 billion) in the quarter, compared to 2.5 billion dirhams …

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FCI’s Peter Mulroy on Turkey’s Factoring Business and Prosperity

At the European Bank for Reconstruction and Development (EBRD) Trade Facilitation Program Forum in Istanbul, Turkey, TFG spoke with Peter Mulroy, Secretary General of FCI. FCI is a global association of businesses, financial institutions and non-financial institutions engaged in open account financing. The association, active in more than 90 countries, …

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Turkey seeks to become a regional energy hub with help from Russia

Ankara appears to have embraced a recent proposal by Russian President Vladimir Putin to turn Turkey into a regional hub for the distribution of Russian natural gas. “We have agreed with Vladimir Putin to create a gas hub in our country, through which natural gas… can be transported to Europe,” …

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Thanksgiving takes its toll as a quarter of Americans can’t afford to spend more than $100 – How they’re cutting costs

photostorm / iStock.com With inflation still weighing heavily on American wallets, many holiday hosts are changing their Thanksgiving celebrations this year. By all accounts, there will be a lot less stuffed turkeys towards the end of November. Explore: 16 ways to save money on food now that prices are risingLearn: …

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Turkish and Pakistani relief agencies continue efforts for flood victims

Turkish and Pakistani aid agencies are continuing their efforts months after devastating floods hit several parts of Pakistan, Trend reports quoting Daily Sabah. Nestled on the northern outskirts of Pakistan’s Dadu district, a shelter center set up by the Türkiye Disaster and Emergency Management Authority (AFAD) has been a temporary …

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Latest news on Russia and the war in Ukraine

SpaceX founder and CEO Elon Musk has confirmed that SpaceX will no longer fund donated Starlink internet terminals in Ukraine. It follows a CNN report that SpaceX was withdrawing funding for the terminals, citing documents obtained from the Pentagon. Instead, the company is asking the US government to pay for …

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Union Finance Minister Nirmala Sitharaman takes a break to buy vegetables at Mylapore in Chennai

During her time at the vegetable market, she also took selfies and interacted with the residents. During her time at the vegetable market, she also took selfies and interacted with the residents. On Saturday evening, the South Mada Street vegetable shops in Mylapore welcomed a surprise VIP visitor in the …

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Live news: Turkey slams NATO hopeful Sweden for satirizing Erdoğan

Prime Minister Liz Truss has told party faithful she will lead Britain through ‘stormy days’ during the economic ‘storm’ caused by the Covid-19 crisis and the invasion of Ukraine by the Russia. The prime minister, in power for a month, sought to rally Tory MPs behind his faltering leadership, at …

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UN Net-Zero Asset Owner Alliance to Host Blended Finance Forum

LONDON: The Australian government is set to rescue dozens of Australian women and children held in Syrian prison camps, the Guardian has reported. More than 20 Australian women and at least 40 children are stranded in Al-Hol and Al-Roj camps in northeast Syria. The camps, run by the Syrian Democratic …

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Global Innovation Index 2022: India moves up 6 places, for the first time in the top 40

India moved up to 40th place out of 132 countries in the 2022 Global Innovation Index, up six places from a year ago, according to the ranking published by the World Intellectual Property Organization (WIPO). This was mainly due to an improvement in exports of information and communication technology (ICT) …

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Factoring resilience and developments in CEE and SEE regions

On Friday, September 23, 2022, FCI, in partnership with the European Bank for Reconstruction and Development (EBRD), organized the latest conference on Factoring Resilience and Development in Central and Eastern Europe (CEE) and Europe Southern and Eastern (SEE) Regions. The event took place at the Ritz-Carlton in Istanbul, Turkey, the …

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Spain, Turkey and Greece could be too hot for holidays in 2027 with rising temperatures | Travel News | Travel

Spain, Greece and Turkey will be too hot to visit by 2027, according to a new survey. The majority of UK tourists said they thought popular destinations would be too hot to visit in summer. According to a UK survey by InsureandGo, a travel insurance provider, more than 70% of …

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What Erdogan’s unusual economic ideas mean for Turkey

Sign up for our Middle East newsletter and follow us @middleeast for news from the region. Turkish President Recep Tayyip Erdogan isn’t the only politician who doesn’t like the country’s banks charging people relatively heavily to borrow money. What sets him apart is his unorthodox belief in low interest rates …

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Swamp Notes: US Democrats on the Offensive

This is an audio transcription of the FT press briefing podcast episode: Swamp Notes – US Democrats on the Offensive Marc FilipinoHello from the Financial Times. Today is Tuesday, September 20, and it’s your FT News Briefing. [MUSIC PLAYING] The catastrophic effects of climate change could be avoided, but it …

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Fed leads global 500 basis point attack on inflation: Eco Week

(Bloomberg) – Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Bloomberg’s Most Read The US Federal Reserve and a number of its global counterparts will launch a swift attack on inflation over the coming week as their commitment to containing consumer prices …

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Turkish banking stocks roller coaster rattles investors

Early morning sunlight streams through residential housing stretching to the skyline of Istanbul in Turkey June 13, 2018. REUTERS/Russell Boyce Join now for FREE unlimited access to Reuters.com Register ISTANBUL, Sept 16 (Reuters) – Dizzying volatility in Turkish banking stocks has left investors reeling after a 100% rise in the …

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UPS Announces New Appointments for Turkey and Spain/Portugal

UPS announced that it has appointed Turkey Operations Manager Engin Kolat as Turkey Country Manager and Romina Lorenzo as the company’s new country manager in Spain and Portugal, where she will be responsible for operations, business development and strategy. Kim Ruymbeke, President of UPS Eastern Europe, said, “Turkey is one …

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Newcastle United have agreed a ‘money for nothing’ deal

Newcastle United have cashed in ‘money for nothing’ with their latest trade deal. This is the view of financial expert, Dr. Dan Plumley, speaking exclusively to Football Insider on the Tynesiders’ new partnership with Dr. Cinik. The club revealed last Monday (September 5) that they had reached an agreement with …

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Turkey sharply raises inflation forecast for 2022 from 9.8% last year to 65%

Turkey has sharply raised the country’s inflation forecast for 2022 to 65% from 9.8% expected a year ago, according to a government program published in the Official Gazette. The new three-year medium-term program, which was jointly prepared by the Ministry of Treasury and Finance and the …

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Putin meets with his Turkish counterpart Erdogan and discusses strengthening trade and energy ties

Russian President Vladimir Putin met on Saturday September 3 with his Turkish counterpart Recep Tayyip Erdogan. During the telephone conversation, the two leaders reaffirmed their commitment to strengthening trade and economic ties, which includes promoting joint energy projects. Erdogan and Putin also discussed the situation in Ukraine, grain export and …

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Pasinex Announces Second Quarter 2022 Financial Results

Pasinex Resources Limited TORONTO, Aug. 29, 2022 (GLOBE NEWSWIRE) — Pasinex Resources Limited (CSE: PSE) (FSE: PNX) (the “Company” or “Pasinex”) today reports the Company’s financial and operating results for three and six months ended June 30, 2022. Andrew Gottwald, Chief Financial Officer of Pasinex, said, “We continued to make …

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Miftah hails Turkish investments in Pakistan – Latest News – The Nation

ISLAMABAD – Federal Finance and Revenue Minister Miftah Ismail on Friday hailed Turkish investments in various fields in Pakistan and assured his full cooperation in this regard.The minister expressed these views during a meeting with the Ambassador of the Republic of Turkey, Dr. Mehmet Pacaci, who called him here, …

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Turkey downplays threat of US sanctions over Russia ties – EURACTIV.com

Turkey’s finance minister told businesses on Friday (August 26) that they shouldn’t worry about the threat of sanctions that Washington says will follow if they do business with sanctioned Russians. Nureddin Nebati’s comments on Twitter represent Ankara’s first official response to a letter the US Treasury sent to Turkish companies …

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How simply aesthetics is facilitating access to medical tourism as Turkey rises through the ranks

London, UK – (NewMediaWire) – August 24, 2022 – Cosmetic surgery is becoming increasingly accepted today. Up to 40% of men and women wish to surgically correct one or more parts of their body to improve their self-esteem and personal fulfillment. The growing acceptance rate for cosmetic surgery is evident …

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Guterres says UN is working with US and EU to get Russian food to markets

ISTANBUL, Aug 20 (Reuters) – UN Secretary-General Antonio Guterres said on Saturday the UN was working with the United States and the European Union to overcome obstacles to the delivery of food and Russian fertilizers on world markets. António Guterres said that under a UN-brokered deal reached in Turkey last …

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US seeks to make Russia an exporter of ‘blood diamonds’

The United States and its Western allies are seeking to label Russian diamonds “conflict diamonds” following the nearly six-month invasion of Ukraine by the world’s largest supplier. Russia produces about a third of the world’s diamonds. The United States, the largest importer of Russian diamonds, estimates that Russia exported more …

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A new wave of strikes breaks out in Turkey as inflation rises

Soaring inflation, poor working conditions and deepening poverty are driving Turkish workers to struggle amid a growing wave of international strikes. On August 5, workers at two factories of auto parts maker Standart Profil in Düzce and Manisa went on wildcat strikes and occupied their workplaces, demanding an additional raise …

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EU mobilizes around Greece as Erdogan waves sabers for military aggression by Turkey | Politics | New

Experts fear that Russia’s attack on Ukraine shows that war in Europe is once again possible. As tensions between Turkey and Greece rise, the EU must now reduce its dependence on Erdogan, a German economist has warned. In recent weeks, German government officials have visited Greece in what appears to …

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Live Updates: US Wholesale Inflation Eases Slightly in July on Lower Gasoline Costs

New jobless claimants in the United States rose last week to the highest number of claims since November, hinting at a cooling in the labor market. There were 262,000 initial jobless claims on a seasonally adjusted basis in the week to Aug. 6, according to U.S. Labor Department data released …

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Five injured as explosions rock Russian air base in annexed Crimea

TEMPO.CO, Moscow — Explosions rocked a Russian airbase near the annex resorts Crimean peninsula on Thursday, injuring five people according to local authorities in what Moscow attributed to detonations in ordnance stories. Local witnesses told Reuters they heard at least 12 explosions around 3:20 p.m. local time (1220 GMT) from …

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Global investor appetite continues to decline – but not in Turkey

The deceleration in the global startup ecosystem continued in the second three months of this year following developments that reduced investment appetite. Venture capital-backed startups raised significantly less money in the second quarter compared to more enthusiastic days late last year and early this year, according to the latest data …

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First Ukrainian grain ship passes inspection in Turkey and heads for Lebanon

The Sierra Leone-flagged freighter Razoni sails under the Yavuz Sultan Selim Bridge after being inspected by Russian, Ukrainian, Turkish and UN officials at the entrance to the Bosphorus Strait in Istanbul, Turkey, on Wednesday, August 3, 2022. Emrah Gurel/AP The first grain ship leave Ukraine and cross the Black Sea …

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Can national payment systems protect economies against the risk of heavy third-party dependency?

Kledjona MollajConsultant at Shape the futurediscusses the latest changes to Russia’s internal payment system and the challenges the government faced during the invasion of Ukraine. Disclaimer: Since February 2022, the Russian invasion of Ukraine has received very wide coverage. The following article attempts to explore the link between payment systems …

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This Week on Crypto Twitter: Wikipedia Accused of Playing Politics, Coinbase-Bored Ape Collab Widely Mocked

Illustration by Mitchell Preffer for Decrypt Main cryptocurrencies gained in value this week despite the US Federal Reserve announcing on Wednesday that interest rates will be raised an additional 75 basis points to fight inflation. Typically, announcements like this are detrimental to the crypto markets. Last month, the Fed raised …

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Russell’s Reserve® Bourbon and Wild Turkey® Distilling Co. support the Kentucky Distillers’ Association’s “Lifting Sprits Foundation” to increase inclusivity in the Bourbon community

That of the brand $20,000 the donation will continue to promote efforts that welcome diversity and opportunity within the state’s iconic industry LAWRENCEBURG, Ky., July 27, 2022 /PRNewswire/ — Russell’s Reserve Bourbon and Wild Turkey Distilling Co. today announced a $20,000 donation to the benefit of the Kentucky Distillers’ Association …

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Russian gas cut to Europe hits economic hopes after Ukraine grain deal

By Pavel Polityuk and Max Hunder KYIV (Reuters) – Russia said it would cut off gas supplies to Europe from Wednesday, dealing a blow to countries that have backed Ukraine, just as it was hoped economic pressures could ease. ease after Russia agreed to let Ukraine export grain from Black …

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As Turkey’s economic woes deepen, a new currency crisis looms

Turkey’s economic problems continue to go from bad to worse. Its foreign trade deficit has reached a monthly average of $8 billion this year. Amid soaring global energy prices this spring following Russia’s invasion of Ukraine, the country’s average gross energy imports fell from $3 billion to $4 billion a …

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HSBC Oman voted Best Investment Bank for third consecutive year

HSBC Bank Oman SAOG won two awards at the Euromoney Middle East Awards for Excellence 2022. The Bank was named Oman’s Best Investment Bank for the third consecutive year while winning Best Bank in the Environment, Social and Governance category (ESG). This recognition comes on top of HSBC’s six other …

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Turkey, Russia, Ukraine and UN meet on grain exports

ISTANBUL: Russian, Ukrainian and Turkish military delegations met with UN officials in Istanbul on Wednesday for talks on resuming Ukrainian grain exports from the main Black Sea port of Odessa as the global food crisis escalates. ‘worsen. Turkey worked with the United Nations to broker a deal after Russia’s February …

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Russia, Ukraine, Turkey and UN to hold grain export talks on Wednesday as Russia expects ‘massive’ wheat harvest • Farm Policy News

Reuters writer Max Hunder reported yesterday that “Ukrainian President Volodymyr Zelensky said on Monday that he had held talks with the Turkish leader Tayip Erdogan on the need to unblock Ukrainian ports and resume grain exports. “’We appreciate the (Turkish) support. Discussed the importance of unblocking (Ukrainian) ports and resuming …

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What is the G20?

Minister of Foreign Affairs S Jaishankar met with Chinese Foreign Minister and State Councilor Wang Yi on Thursday, July 7, at the G20 Foreign Ministers’ Meeting. On the sidelines of the two-day meeting that concluded on July 8 in Bali, Indonesia, the two ministers discussed border issues. The 17th Summit …

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What is an overdraft fee? And how to get a refund

Overdraft charges to a personal checking account probably don’t worry about, say, Jeff Bezos. But it’s easy for the rest of us to lose track of how much money we have in our checking accounts and mistakenly make a purchase that exceeds our balance. And because of the way banks …

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Local entrepreneur brings newest Capriotti to Malvern

An upscale, fast-paced casual dining powerhouse with a homemade menu now open in Malvern MALVERN, Penn., July 6, 2022 /PRNewswire/ — Capriotti’s Sandwich Shop, known for its award-winning artisan cheesesteaks, turkey subs and more, has opened a new location in Malvern at 10 Liberty Blvd. in The Grove Mall, off …

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Emirates NBD Group and BNY Mellon announce strategic alliance to accelerate growth in UAE capital markets

The collaboration leverages BNY Mellon’s global capabilities with Emirates NBD’s regional expertise and strong presence in the UAE market Dubai, United Arab Emirates, July 5, 2022 /PRNewswire/ — BNY Mellon, one of the world’s largest financial institutions, and Emirates NBD, a leading banking group in the MENAT region (Middle East, …

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Bulgarian Finance Minister receives mandate to form government

On July 3, Russian Defense Minister Sergei Shoigu reported to President Vladimir Putin that the Russian military had “liberated” the entire territory of Ukraine’s eastern Luhansk region. Shoigu said Russian forces and Moscow-backed militants had taken control of the town of Lysychansk, which has been the scene of heavy fighting …

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UK Export Finance Marks First Year of Fossil-Free Allocation and Sets New Emissions Targets

UKEF has promised an end to overseas fossil fuel funding in December 2020 UK Export Finance (UKEF) published its annual results documents for the 2021-22 financial year this week, confirming that it has allocated a total of £7.4bn of support. Key sectors supported included manufacturing, healthcare and low-carbon energy. For …

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Sweet Smoke, a new pop-up from Milwaukee, does Texas-style barbecue

A decade ago, a meal at the famed Franklin Barbecue in Austin, Texas, eventually led to Milwaukee’s new Sweet Smoke Barbecue pop-up. Sweet Smoke makes Texas-style beef brisket, pulled pork, turkey and ribs, sides, sandwiches, and occasional specialties like barbacoa tacos and pork belly. It can be found most weekends …

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US Treasury’s Adeyemo discussed the implementation of sanctions against Russia during his visit to Turkey

WASHINGTON, June 25 (Reuters) – U.S. Deputy Treasury Secretary Wally Adeyemo visited Turkey this week where he discussed Russia’s invasion of Ukraine and the enforcement of sanctions imposed on Moscow, the Treasury Department said in a statement Saturday. Adeyemo visited Turkey from Wednesday to Friday, the Treasury said, meeting officials …

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Saudi tour cements security positions and sees crown prince’s return to center stage

Amman, Jordan – Saudi Arabia’s de facto leader, Crown Prince Mohammed bin Salman, met formally this week with leaders from Egypt, Jordan and Turkey. His goal, analysts say, is to unify their positions on security issues, such as growing concerns about Iran. Improving economic cooperation and strengthening bilateral relations with …

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Wildfire in southwestern Turkey evokes memories of last year’s fires

CAIRO: Egyptian President Abdel Fattah El-Sisi on Tuesday received Saudi Crown Prince Mohammed bin Salman, visiting Cairo as part of a foreign tour that will also take him to Jordan and then Turkey. El-Sisi and the Crown Prince discussed ways to strengthen Saudi-Egyptian relations in various fields, as well as …

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Turkish Airlines eyes IPOs and joint ventures for cargo and regional units

A Boeing 777F cargo plane of Turkish Cargo, a brand of Turkish Airlines (THY), is pictured at the Eurasia airshow in the Mediterranean resort of Antalya, Turkey April 25, 2018. REUTERS/Murad Sezer Join now for FREE unlimited access to Reuters.com Register Aims to grow internally and through agreements Fleet renewal …

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Ariana Resources PLC Highlights Positive Drilling Results from the North Zone of the Tavsan Project in Turkey

Ariana Resources PLC (AIM:AAU) has announced positive resource drilling and exploration results at the Tavsan project in western Turkey. “These drill results have continued to strengthen our understanding of the Tavsan gold-silver deposit and have greatly extended the footprint of known mineralization, particularly in the northern zone,” said the company’s …

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Turkey construction equipment market 2022-2028 with XCMG dominating, followed by Komatsu, Caterpillar, Volvo Construction Equipment, Liebherr and SANY

DUBLIN, June 13, 2022 /PRNewswire/ — “Turkey Construction Equipment Market – Strategic Assessment and Forecast 2022-2028” report has been added to from ResearchAndMarkets.com offer. Research_and_Markets_Logo Turkey The construction equipment market is expected to grow at a CAGR of 6.86% The report examines the current scenario of Turkey construction equipment market …

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PKK supporters attack Azerbaijani during illegal march in London

A group of supporters of the PKK terror group attacked a member of the public during a protest in London on Saturday. The attack targeted an Azerbaijani man who was walking on the street near the Picadilly Circus tourist center. The assailants, a group of men and women, punched the …

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The Turkish lira slips again; Nebati says rates will remain unchanged

A money changer holds Turkish lira banknotes at a currency exchange office in Ankara, Turkey, October 12, 2021. REUTERS/Cagla Gurdogan Join now for FREE unlimited access to Reuters.com Register ISTANBUL, June 6 (Reuters) – The Turkish lira slipped above 16.55 against the dollar on Monday, taking losses to more than …

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Bosphorus sea trade unaffected by war in Ukraine and sanctions

At the gates of the Black Sea, trade is in full swing as cargo ships and tankers sail from the heart of Istanbul to Russian and Ukrainian ports. Just after the Russian offensive in Ukraine on February 24 and the first Western sanctions, the largest ships of the international companies …

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EU Approves Oil Sanctions; Gift drone from Turkey

(Bloomberg) – The European Union finally overcame Hungarian objections to approve the bloc’s sixth sanctions package against Moscow, including a partial ban on Russian crude imports, just as the OPEC+ cartel agreed to increase the scale of its oil supply increases. Bloomberg’s Most Read Ukraine’s central bank has more than …

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The catastrophic drought in Iraq reaches a point of no return

On May 5, a powerful desert storm swept through most of Iraq, with dust turning the skies orange over many major cities across the country. By the end of the following day, he had sent 4,000 people to hospital with respiratory problems. Government offices and schools were closed, and airports …

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COVID-19 drives non-Muslims towards halal products

Demand from non-Muslim countries for halal products has increased with the COVID-19 pandemic, Zafer Soylu, the head of Turkey’s Halal Accreditation Agency (HAK), said on Sunday. “The importance of safe, healthy and clean food has emerged with the pandemic. Especially in the Far East, non-Muslim consumers have started to show …

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Turkey showcases drones at Azerbaijan air show

Spinning through the air at lightning speed, Turkish drones like those used against Russian forces in Ukraine draw cheers from crowds at an air show in Azerbaijan. Turkey is showcasing its defense technology at the “Teknofest” aerospace and technology festival which kicked off this week in Baku, the capital of …

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Turkey and Tatarstan agree to step up support for SMEs

Turkey and Tatarstan have agreed to cooperate more intensively for the development of small and medium-sized enterprises (SMEs), an official said on Thursday. The parties plan mutual exchange programs under a jointly agreed action plan under the Memorandum of Understanding signed by the Turkish Small and Medium Enterprises Development Organization …

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US Sanctions Hamas Official and Financial Network, Treasury Department Says

Drone image shows Palestinians taking part in a rally marking the 34th anniversary of the founding of Hamas, in the northern Gaza Strip December 10, 2021. REUTERS/Mohammed Salem Join now for FREE unlimited access to Reuters.com Register WASHINGTON, May 24 (Reuters) – The United States on Tuesday imposed sanctions on …

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Russia: It’s time to stop Turkey’s aid to Syrian rebels

Russia’s deputy UN ambassador said he saw no reason to continue humanitarian aid deliveries from Turkey to rebel-held northwest Syria, blaming the West and the United Nations for insufficient efforts to deliver aid from Damascus and for not funding “early recovery projects” to improve life for millions of Syrians. For …

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Turkey opposes as Sweden and Finland seek NATO membership | Business and finance

STOCKHOLM (AP) — Turkey’s president on Monday complicated Sweden and Finland’s historic bid for NATO membership, saying he could not allow them to become members of the alliance because of their perceived inaction against Kurdish activists in exile. President Recep Tayyip Erdogan doubled down on comments last week that the …

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US lifts sanctions on Syrian areas under YPG control, Turkey condemns move – Middle East Monitor

The United States has exempted Syrian territories ruled by the Kurdish People’s Protection Units (YPG) militia from sweeping sanctions, in a move that neighboring Turkey has condemned as an attempt to “legitimize” the group. The US Treasury Department’s decision lifted numerous bans in areas primarily under the control of the …

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Coinbase is conjoined to crypto

Coinbase CEO and co-founder Brian Armstrong speaks during the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2022. REUTERS/David Swanson Join now for FREE unlimited access to Reuters.com Register NEW YORK, May 11 (Reuters Breakingviews) – Coinbase Global (COIN.O) took a turn as digital collectibles like …

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Turkish currency hits record high against US dollar amid high inflation

Istanbul [Turky], May 9 (ANI/Xinhua): The Turkish currency crossed a key threshold on Monday against the US dollar amid rising inflation rates. As of 2:10 p.m. (11:10 GMT), the dollar was trading at 15.03 Turkish liras, breaking above the resistance level of 15.00. The currency has lost almost 60% of …

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Will Russia Really Exchange Oil For Bitcoin?

On Thursday, March 24, Pavel Zavalny, Chairman of the Russian State Duma Committee for Energy, announced payment terms for countries seeking to buy oil and gas from Russia. This is an extension of the Russian government’s earlier statement to “hostile countries” (directed at most European Union member states) saying they …

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Turkish farmers struggle with soaring costs and growing indebtedness

For thousands of years, the area around Antakya, in Turkey’s southern province of Hatay, has been the breadbasket of great civilizations. Roman mosaics in city museums depict olives and grapes grown in the rich red soil and green hills around Antioch, as it was called in biblical times. But those …

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Erdogan hopes Russian invasion of Ukraine can strengthen Turkish regional power

As it continues its unprovoked invasion of Ukraine, Russia finds itself facing growing international isolation, including a growing list of sanctions. Although not exactly a pariah nation, Russia now has few allies. Other nations remained mostly neutral, including China, the Persian Gulf monarchies and Turkey. Turkish President Recep Tayyip Erdogan’s …

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IMF: Serious economic impact for Europe of the Russian-Ukrainian war

Russia’s war on Ukraine is expected to have serious economic consequences for Europe at a time when the economic recovery from the coronavirus pandemic was incomplete, the International Monetary Fund (IMF) said in a report on Friday. “Sharp increases in commodity prices and worsened supply disruptions will further fuel inflation …

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Turkey thinks it can finally export a luxury brand, can electric vehicles transform the country?

2022 is officially a rebranding year for Turkey, officially changing its name to Turkiye, and the country is taking many steps to project a new image abroad. The past few weeks have been important for Turkey, as the security and stability of Europe and Turkey’s role in this picture have …

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Turkish central bank lowers lira reserve requirement rate to zero

The interest rate on reserve requirements denominated in Turkish lira has been lowered to zero by Turkey’s central bank, reports said on Monday. The Central Bank of the Republic of Turkey (CBRT) has ended the practice of making additional interest payments on sums converted from foreign currency to lira by …

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Sascha Bibert is appointed new Chief Financial Officer of Vallourec and joins the Executive Committee

VALLOUREC Sascha Bibert is named as new CFO of Vallourec and joined the Executive Committee Meudon (France), April 152022 – Vallourec announces the appointment of Sascha Bibert as Group Chief Financial Officer. He takes office on April 19, 2022 and joins the Executive Committee. Sascha Bibert was previously CFO of …

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Right Farm Raises $2.8M in Seed Funding Round Led by DisruptAD

DisruptAD’s Investment Supports ADQ’s Food and Agriculture Strategy to Create a Global Fresh Produce Platform Abu Dhabi: Right Farm, a UAE-based disruptive B2B digital platform that sources fresh produce from local and international farms for the food and retail sector, announced today that it has raised $2.8 million in its …

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Estonian cards in Turkey, Italian cards in Singapore: Ordinary Russians abroad use foreign bank accounts after sanctions

Visa and Mastercard ceased Russian operations, blocking Russian bank cards abroad. Russians in Singapore, the UK and Turkey told Insider they used foreign accounts to access money. Maria went to buy a green juice on campus one day in late February but her card was declined. Then she tried to …

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Lawmakers fear ‘time is running out’ to regulate congressional stock trading

While U.S. lawmakers have proposed at least a dozen overlapping bills to regulate their own stock trading, it wasn’t until Thursday that a senator detailed plans for a final effort to pass the legislation this year. . “We need to be able to come back in two weeks and have …

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Live News: Lithuania expels Russian ambassador

Soaring coal and gas prices will push Australia’s resource export earnings to a record high, new government figures reveal, reflecting the global energy supply crisis stemming from the pandemic and war in Russia in Ukraine. Australia is now expected to earn A$425 billion ($319 billion) from energy and resource exports …

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Letter: Reducing dollar exposure makes economic sense

Martin Wolf (Opinion, March 30) predicts that a new era of monetary disorder is on the horizon, with no credible alternative to the US dollar as the world’s dominant currency. But the way the Biden administration has imposed sweeping economic sanctions on Russia would hasten the decision of many non-Western …

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A prominent Russian oligarch is still missing from the US sanctions list

The White House on Thursday announced a new wave of sanctions against more than 400 Russian elites, including 328 members of Russia’s parliament, the Duma. But one figure remains absent subscribers: Roman Abramovich. European and Canadian authorities have already sanctioned the billionaire, who is widely known to own Chelsea football …

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‘Where did the money go ?’ How to handle a bargain

Tax refund. Child tax credits. COVID-19 relief checks. We dream about the next unexpected bundle of cash that lands in our lap. It might be a few hundred dollars from a yard sale, maybe even more from a job bonus — or hundreds of thousands from a winning lottery ticket …

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Abramovich Superyacht reaches Turkey as Chelsea sale heats up

(Bloomberg) – Roman Abramovich’s 458ft superyacht has reached Turkish shores as the Russian billionaire faces EU and UK sanctions Bloomberg’s Most Read Solaris, which left Barcelona on March 8, was located just south of the tourist resort of Bodrum in southwestern Turkey, according to ship data compiled by Bloomberg. The …

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The Saudi prince has a $500 billion plan for a floating desert Silicon Valley, powered by robots and as big as Belgium

Saudi Crown Prince Mohammed bin Salman has a big plan for the country’s economic future. In April, Mohammed bin Salman will hold a meeting in New York to try to woo Wall Street to fund Neom, a gigantic $500 billion floating Silicon Valley in the desert. The high-tech hub would …

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Ford will sell its Romanian plant to a Turkish JV

ISTANBUL — Ford Motor’s Turkish joint venture will buy Ford’s Craiova plant in Romania for 575 million euros ($630 million). Ford Otosan was already expected to increase its annual production capacity from 455,000 to 650,000 with a 2 billion euro ($2.2 billion) investment plan, with production of the next Transit …

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World Bank official says war-driven oil price hikes will reduce growth of major importers

The Russian-Ukrainian crisis is expected to inflict further setbacks on growth in emerging markets which are already slow to recover from the COVID-19 pandemic WASHINGTON, United States — Persistently high oil prices sparked by Russia’s invasion of Ukraine could shave one percentage point off the growth of major oil-importing developing …

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Last war in Ukraine: Germany rejects proposed embargo on Russian oil imports

China has defended its “eternal friendship” with Russia and criticized the United States for trying to establish an “Indo-Pacific version of NATO”, thwarting international calls to condemn the invasion of Ukraine by Vladimir Putin. Chinese Foreign Minister Wang Yi on Monday reiterated an “unequivocal message to the world that China …

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Russia bans some foreign flights to prevent seizure of planes

(Bloomberg) – Russia will halt some international flights to prevent billions of dollars worth of planes from being repossessed by their foreign owners, deepening a rift that has torn global aviation apart in the wake of Ukraine’s invasion. Bloomberg’s Most Read The government’s decision will allow Aeroflot and other Russian …

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Himachal Assembly: No information on smuggled apples reaching Indian markets, says Mahender Thakur

The state government has no information of smuggled apples reaching Indian markets from Turkey or Iran via Afghanistan, horticulture minister Mahender Thakur told the assembly. Himachal The state government has no information of smuggled apples reaching Indian markets from Turkey or Iran via Afghanistan, Horticulture Minister Mahender Singh Thakur told …

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Turkish fintech seeking Qatari investment

Turkish fintech companies met with Qatari investors this week in a webinar. The Finance Office of the Turkish Presidency organized the event together with the Qatar Private Financial Center on February 23-24, Turkey’s official Anadolu Agency reported today. Financial technology, or fintech, includes activities such as digital banking and trading …

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Swift: EU leaders line up to support Russia’s banking network ban | European Union

A growing number of EU countries – including France, Italy, Spain and Greece – have said they would support a ban on Russia using global payment network Swift in the intended to exert additional pressure on the country after its invasion of Ukraine. Cyprus and Hungary have also said they …

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BBVA channels more than 70% of its sustainable funding through loans

Regarding activity in 2021BBVA channeled €35.4 billion in sustainable finance, split between different solutions for wholesale clients (corporate and institutional), corporate, retail clients and socially responsible investing. On the social level, BBVA includes business objectives related to this area with commitments that include inclusive infrastructure, in addition to the work …

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Coworking Spaces Market Growth USD 50150 Million by 2022-2028

Absolute Reports Pvt Ltd WeWork, Mix Pace, Krspace, Regus, Your Alley, Techspace Pune, 21 Feb. 2022 (GLOBE NEWSWIRE) — World Coworking space market The research report provides an overview of the global business analysis with key players operating in the industry and the future competitive scenario. The Coworking Space Market …

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Turkey could become the next narco-state in the Middle East

The assassination of Turkish Cypriot casino magnate Halil Falyali last week was the latest installment in Turkey’s underground wars against drug trafficking and illicit finance. Turkish mobster turned whistleblower Sedat Peker accused Falyali last year of being a key player in cocaine trafficking and colluding with Erkan Yildirim, the son …

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Turkey’s central bank keeps rate at 14% despite rising inflation

A logo of the Central Bank of Turkey is pictured at the entrance to its headquarters in Ankara, Turkey, October 15, 2021. REUTERS/Cagla Gurdogan Join now for FREE unlimited access to Reuters.com Register ISTANBUL, Feb 17 (Reuters) – Turkey’s central bank kept its key rate at 14% for the second …

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Centerra Gold 2021 Fourth Quarter and Year-End Results Conference Call and Webcast

Centerra Gold Inc. TORONTO, Feb. 15 2022 (GLOBE NEWSWIRE) — Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) will host a conference call and webcast of its fourth quarter 2021 financial results and year-end trading at 9:00 a.m. EST on Friday, February 25, 2022. Results are expected …

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2022 Wheat Market Forecast: Prices Stabilize After 2021 Gains

IndexBox, Inc. In 2022, wheat price growth is expected to slow with robust supply and lower feed grain demand in the US and EU. World wheat production is expected to remain at the 2021 level of approx. 777 million tons. LOS ANGELES, Feb. 14 12, 2022 (GLOBE NEWSWIRE) — In …

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Turkey lowers taxes on staple foods to tackle high inflation

Turkey’s president has announced a significant cut in taxes on basic food supplies as the country faces soaring inflation and widespread protests over eroding living standards Through Associated press ZEYNEP BILGINSOY February 12, 2022, 3:40 p.m. • 3 minute read Share on FacebookShare on TwitterEmail this article ISTANBUL — Turkey’s …

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Sydney rapper Trent ‘That Kid Kearve’ Pedrana devastated by Instagram hack just months after giving birth to daughter

It was a seemingly innocent text message, but it cost this young couple more than $50,000 and left them struggling to pay their daughter and their mortgage. A young couple have been left devastated after a hacker hijacked their business and demanded a ransom, leaving them struggling to pay their …

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Global White Cement Market Report 2022

The major players in the white cement market are Adana Cimento Sanayi TA S, Cementir Holding SPA, Cementos Portland Valderrivas S. A, Cemex SA B De C. V, Cimsa Cement Industry and Trade Inc., Federal White Cement Ltd. New York, 09 Feb. 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of …

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Turkey to increase its share of transit trade

February 7, 2022 5:45 p.m. (UTC+04:00) 561 By Ibrahim Acar Turkish Foreign Economic Relations Council (DEIK) Chairman Nail Olpak said the country aims to increase its share of the transit trade pie, Yeni Shafak newspaper reported. “We have started collaborating with our Ministry of Commerce. We are continuing our negotiations …

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CBRT and a group of companies discuss a converted lira deposit system for expatriates

Turkey’s central bank and one of the country’s main business associations, including its representatives from abroad, discussed on Friday the recently unveiled program to encourage expatriates to repatriate their savings to Turkey. The Governor of the Central Bank of the Republic of Turkey (CBRT), Şahap Kavcıoğlu, met virtually with Mahmut …

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Global Mandarin Market 2022: Turkey and China will increase their exports

Turkey and China, the main exporters in the global mandarin market, are expected to significantly increase their overseas supplies with rapidly expanding production in 2022. This year, productions in Turkey and China are expected to increase by 9% in year-on-year to reach 1.8 million tonnes and 12% y/y to 28 …

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Azerbaijani oil fund places $1.1 billion deposit in Turkey’s central bank

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has placed a deposit account of one billion euros ($1.1 billion) with the Central Bank of the Republic of Turkey (CBRT), the Azerbaijani news agency Trend reported on Friday. The deposit is for a period of six months, according to …

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UAE cracks down on funding banned weapons to avoid dirty money list – Middle East Monitor

The United Arab Emirates said on Wednesday it was assessing the risks of funds for banned weapons being funneled through the regional shopping and mall, as part of its effort to avoid creating a money watch list dirty before an exam in March, Reuters reports. The UAE and the Financial …

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Everything you need to know before trading Tadawul today

ANKARA: Following Iran’s decision to cut off gas flows to Turkey last week, Ankara began ordering gas-fired power plants to cut their gas consumption by 40% from Monday. This sudden decision highlighted the need to diversify energy suppliers for the country. Households, schools and hospitals are, for the time being, …

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Turkey will see inflation rate peak at around 40% in 2022, says finance minister

Ankara: Turkish Finance Minister Nureddin Nebati has told economists that he expects the inflation rate to peak at around 40% in the coming months and not exceed 50% this year, according to attendees. Nebati provided his most detailed outlook yet on consumer prices in 2022 at a meeting with 60 …

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Approval of the Law Exempting Deposits Converted into Turkish Liras from Corporate Tax

A law approved by Turkey’s parliament on Thursday offers a corporate tax exemption on gains on deposits of funds converted into Turkish lira from foreign currencies, in a further step to support the country’s currency. By law, interest and profits earned on accounts converted to lira with a maturity of …

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Oil hits new seven-year high on demand resurgence outlook

(Bloomberg) — Oil rose to its highest level since October 2014 as the International Energy Agency said the market appeared to be tighter than previously thought, with demand resisting the omicron. Bloomberg’s Most Read New York futures closed 1.8% higher on Wednesday, with the IEA saying in a report that …

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