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Turkish Stocks Enjoy World’s Biggest Rally on Fading Iran Fears

(Bloomberg) --Turkish stocks rose the most among all major equity markets worldwide on Thursday as investors’ concerns over a possible escalation in tensions between...
dubai property market; uae real estate developers; property markets;

Middle East Markets Retreat as Investors Steer Clear of Most-at-Risk Region

(Bloomberg) --Middle Eastern markets can hardly be accused of complacency over the latest surge in regional tensions, even if global investors are taking a...

Turkey Presents Prototypes in $3.7 Billion Car Project

(Bloomberg) -- Turkey unveiled prototypes for its “domestic car” project on Friday, as the government announced sweeping incentives to back President Recep Tayyip Erdogan’s...

Muslim Nations Mull Barter System as Hedge on Sanctions: Report

(Bloomberg) --Malaysia’s prime minister floated the idea of a barter system for Islamic countries to protect their economies against potential future sanctions, Reuters reported. Speaking...

Top Turkey Bankers Say They Were Fired on Regulators’ Orders

(Bloomberg) --Turkish authorities have extended their campaign against perceived political enemies into the $750 billion financial industry. Eleven former senior executives of non-state banks told...

Turkey Surprises With Big Rate Cut Again as Erdogan Won’t Let Up

(Bloomberg) -- The Turkish central bank delivered another interest-rate cut that exceeded forecasts, emboldened by the lira’s stability and egged on by President Recep...

A Pivotal Week Confronts Emerging Markets as Traders Look to 2020

(Bloomberg) --It may come down to the will of central banks, trade negotiators and voters this week to set the tone for emerging markets...

Turkish Economy Loses Momentum as Politics Dent Recovery

(Bloomberg) -- Turkey’s economy lost some of its momentum in the third quarter as political uncertainty and heightened fear of U.S. sanctions hurt a...

Morgan Stanley among investors buying stake in Turkish drugmaker

(Bloomberg) --Morgan Stanley and a group of investors are close to buying 30% of Turkish drugmaker Sanovel Ilac Sanayi ve Ticaret AS, according to...

Vacation-mode: Where are UAE holidayers heading to?

This holiday season, UAE residents are escaping to regional destinations such as Middle East and Levant countries, a new report by Dubai-based online flight...