Sub Categories:/» Homepage/» ECONOMY/» ECONOMICS
Tuesday, September 13 2011 , Your time is 15:58:00
Iran's supreme court has upheld the death penalty against Iranian businessman Babak Zanjani for corruption, the judiciary said on Dec. 3, a sentence critics say will mask the identity of senior officials who supported him
Turkey’s government and Central Bank have been taking required measures to ensure the country suffers only minimal effects from the latest temporary fluctuation in the economy, Turkish Prime Minister Binali Yıldırım has said, adding that the cabinet was set to make an evaluation on economic issues during a new economic coordination board (EKK) meeting late on Dec. 2
Çınar Oskay – ISTANBUL
The Turkish economy may collapse in a couple of years if politicians do not show the West that the economy is trust-worthy, Daron Acemoğlu, Professor at the Massachusetts Institute of Technology (MIT), told the daily Hürriyet.
ANKARA - Anadolu Agency
The European Bank for Reconstruction and Development announces a $305 million financing package for a high-tech hospital in the eastern province of Elazığ
The Organization for Economic Cooperation and Development (OECD) has slashed its 2016 growth forecast for Turkey to 2.9 percent in its latest outlook, down from 3.9 percent in its previous estimate.
Amid deterioration in a number of economic measures and a plunging Turkish Lira, Prime Minister Binali Yıldırım has told the Turkish Industry and Business Association (TÜSİAD) Supreme Advisory Board meeting that the country has “stability and confidence.”
Opposition candidates are estimated to have won around 20 seats out of 50 in Kuwaiti elections that saw most parliament members replaced, in a vote analysts said reflects anger at austerity measures to curb a budget deficit.
ANKARA – Anadolu Agency
The state-run Mechanical and Chemical Industry Corporation (MKEK) has moved to protect its intellectual property rights for its Fırtına howitzers, a weapon currently being used by the Turkish Armed Forces (TSK).
Deutsche Bank and Bank of America were swindled by Turkish-Iranian businessman Reza Zarrab, the office of Manhattan Attorney Preet Bharara, who is the lead prosecutor against the controversial figure, has alleged.
Turkey will overcome steep fluctuations in foreign exchange rates with the support of its citizens, as the foundations of the Turkish economy are strong and the Central Bank has taken precautions to maintain price stability, PM Yıldırım said
Turkey’s Financial Crimes Investigation Board (MASAK) has probed around 30,000 people linked to the Fethullah Terrorist Organization (FETÖ), the followers of U.S. based preached Fethullah Gülen who is the leading suspect in the July 15 coup attempt probe, in around 400 cases, according to a government report.
Personal and corporate debts worth 77.6 billion Turkish Liras ($22.7 billion) have been restructured in line with a law on the Restructuring of Certain Public Receivables, also referred to as the “Tax Amnesty,” Finance Minister Naci Ağbal said Nov. 28
Global markets will continue to see steep fluctuations, which also hit the Turkish Lira badly, over the next 1.5 months before U.S. President-elect Donald Trump takes office, Prime Minister Binali Yıldırım has said