Lebanon’s economy remains deeply strained, worsened by last year’s two-month war between Hezbollah and Israel, which inflicted severe damage on homes and infrastructure, the International Monetary Fund (IMF) has reported. An IMF delegation recently visited Lebanon, meeting with the country’s newly elected government, led by President Joseph Aoun and Prime Minister Nawaf Salam. In a statement following…
In recent weeks, Kuwait’s government has taken significant steps to advance economic reform, including plans to introduce a 15% corporate tax on multinational companies, allow ministries to set their own service fees, and ease restrictions on foreign property ownership. Additionally, the long-standing monopoly of the Kuwait Credit Bank in the residential mortgage sector is…
Turkish citizens are increasingly relying on credit cards for purchases abroad, as inflation and rising taxes make shopping at home less affordable. According to a new report from the Interbank Card Centre (BKM), Turkish consumers used their credit cards for more than 380 million overseas transactions last year, amounting…
ISTANBUL (AP) — High-ranking Turkish officials, including the country’s foreign minister, defense minister, and intelligence chief, made an unexpected trip to Damascus on Thursday, just days after Syria’s interim government struck a deal to incorporate a U.S.-backed Kurdish-led armed group into its national army. The agreement,…
The International Monetary Fund (IMF) has approved the release of $1.2 billion to Egypt following the fourth review of its emergency loan program, while emphasizing the need for more decisive economic reforms. This latest disbursement brings Egypt’s total loan drawdown to approximately $3.2 billion under an $8 billion Extended Fund Facility (EFF),…
ANTALYA – In an extraordinary blend of archaeology and history, researchers have uncovered 1,100-year-old olive seeds from a sunken ship that had set sail from Gaza’s coast before meeting its fate near Antalya, Turkey. The discovery, led by Associate Professor Hakan Öniz and his team, marks the first time such well-preserved olive seeds have been found…
ANTALYA – In an extraordinary blend of archaeology and history, researchers have uncovered 1,100-year-old olive seeds from a sunken ship that had set sail from Gaza’s coast before meeting its fate near Antalya, Turkey. The discovery, led by Associate Professor Hakan Öniz and his team, marks the first time such well-preserved olive seeds have been found…
Turkey’s central bank has implemented its third interest rate cut since December, citing declining inflation and slower domestic demand as key reasons for the decision. On March 6, the monetary policy committee reduced the benchmark lending rate by 250 basis points, bringing it down from 45% to 42.5%—a move that was widely anticipated following better-than-expected inflation data…
MUĞLA – Nestled between the Aegean and Mediterranean Seas, the Datça Peninsula stands as one of Muğla’s most captivating destinations, offering visitors a harmonious mix of history, natural beauty, and cultural charm. A Paradise of Hidden Coves and Scenic Routes With its rich biodiversity and the legendary ancient city of Knidos, Datça is home…
Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA), is reviewing eight venture capital (VC) firms to add to its “fund of funds” programme. This move is part of QIA’s strategy to bolster its $1 billion venture capital fund, which has already invested nearly $500 million…
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