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The Turkish government has confirmed that negotiations with Abu Dhabi Ports Group (AD Ports) for operating rights at the Alsancak freight and passenger port in Western Turkey have come to an end. Turkish…
Iraq has enlisted the help of two prominent financial consulting firms, London-based EY and U.S.-based Oliver Wyman, to assist in the restructuring of its banking sector, which has been severely impacted by long-term…
SalamAir, Oman’s first low-cost airline, has announced plans to grow its fleet by adding 10 new aircraft over the next three years, driven by a rising demand for affordable travel. The airline has…
Restaurant and café owners in Jordan are urging the government to lift the ban on shisha, the popular waterpipe smoking device, after a noticeable decline in demand, particularly in tourist restaurants. The call…
Saudi Arabia is focusing heavily on high-end tourism to establish itself as a premier global destination, with plans to invest $800 billion in expanding its tourism sector. The country has partnered with Arsenale…
Dubai Taxi Company has declared a total dividend payout of AED282 million ($77 million) for 2024, reflecting a strong financial performance and a nearly 50% increase in its share price since its listing…
Baykar, one of Turkey’s leading defense industry companies, has recently issued a public warning about an increase in fake investment offers. The company highlighted the need for caution regarding investment frauds that use…
ANKARA, Turkey (AP) — In a clear signal of an escalating clampdown on dissent, prosecutors on Wednesday summoned two prominent figures from Turkey’s business community after they harshly criticized President Recep Tayyip Erdogan’s…
Brazil, the largest oil producer in South America, has officially joined the Opec+ group, which includes more than 20 countries working together to manage global oil output. The country’s membership, which was first…
Edward is a seasoned economic analyst with over a decade of experience in financial journalism. He specializes in macroeconomic trends, global markets, and policy analysis, offering readers deep insights into the forces shaping the world economy. His work has been featured in leading financial publications, and he is known for his ability to break down complex economic concepts into understandable narratives.
Global stock markets saw a strong rally today following the release of optimistic inflation data. The latest reports indicate a slowdown in price increases, fueling investor confidence and raising hopes of a more stable economic outlook. Analysts suggest that central banks may reconsider aggressive interest rate hikes, further boosting market optimism.
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