#Turkiye
Türkiye’s central bank indicated it would continue easing in the months ahead, flagging a temporary rise in January inflation
The group includes TOM Katılım Bankası – Türkiye’s first licensed digital retail bank; TOM Pay Elektronik Para ve Ödeme Hizmetleri and TOM Finansman
State-owned energy companies include electric transmission company TEIAS, electricity producer EUAS, gas grid operator BOTAS and oil and gas developer TPAO
The bank’s previous inflation report three months ago forecast year-end inflation of 38 per cent in 2024 and 14 per cent next year
The last time Türkiye’s central bank raised its main policy rate was in March when it hiked by 500 basis points
Almost 15,000 companies closed down in the first seven months of the year, up 28 per cent from 2023
Deliberations between ADQ and Bank Audi are reportedly ongoing, and no final decisions have been made
The bank has raised its policy rate by 4,150 basis points since June last year but has kept it unchanged at 50 per cent since March
Several banks in the region are reportedly considering acquisitions in Turkiye, Egypt, and India to diversify business models and enhance profitability
The investments are part of the conglomerate’s broader strategy to advance digital infrastructure and support the tech transitions
The new entity will serve as a port and liner agency, offering a comprehensive suite of maritime services tailored to meet the diverse needs of clients
The bank has aggressively raised rates by 4,150 basis points since last June but it kept the policy rate unchanged at 50 per cent in April
The trade pact is expected to lead to one of the world’s largest free trade areas, between Türkiye and the GCC, with a total value of $2.4tn
The country has initiated a raft of bilateral trade, investment and cooperation deals with several fast-growing economies
Türkish companies’ end-2023 balance sheets will be inflation-adjusted, with the practice expected to continue until 2026
The upcoming property in Türkiye will feature 245 rooms and have a stretch of private beach access too
The two nations are collaborating in areas such as climate change, energy, water, and food security
The transaction will be formalised after the clearance from the Turkish competition watchdog
It has signed three deals for properties in the UK and Türkiye that will be positioned within its midscale segment
The projects will add more than 2,000 rooms to the company’s portfolio within the country
One of the main sources of concern for the Qatari banking system has been the build-up of external debt
The emergency aid on Istanbul-bound flights will be delivered to earthquake-stricken sites in southern Türkiye and Syria
As many as 5,894 people have succumbed to the devastating earthquakes in Türkiye
Death toll from earthquakes that jolted southern Türkiye crossed 2,900
Flights from Abu Dhabi to Ankara will operate on Tuesdays, Thursdays and Saturdays