Saudi King Salman has issued a decree allocating 72 billion riyals ($19.2 billion) of stimulus funds to support the Saudi private sector.
Turkey’s first automated urban metro system was launched on Dec. 15 in Istanbul, the country’s largest city.
Turkey’s banking regulator, the BDDK, has taken new measures for cash transactions to prevent illegal betting.
Turkey’s natural gas distribution company Enerya is expanding to 18 towns across eight provinces of Turkey, thanks to support from the European Bank for Reconstruction and Development (EBRD) and Garanti Bank.
Saudi Arabia has decided to hike energy prices while paying compensation to Saudi families, as the world’s top oil exporter seeks new revenue sources.
Japanese car giant Toyota said Dec. 13 it wanted half of its global sales to come from electric-powered vehicles by 2030, as the industry strives to meet toughening environmental regulations.
European tourism group TUI is putting contingency plans in place for Britain’s exit from the European Union, it said on Dec. 13, aiming to address potential problem areas such as flying rights, visa requirements and changes in demand.
Facebook, in a bow to transparency, has announced plans to declare certain ad revenues in the country where they are made and not in Ireland, where it has a greater tax advantage.
As the construction industry continues to grow rapidly in emerging economies, Turkey's marble sector may benefit.
Passengers will be able to use a single card for intra-city transport across Turkey, Transportation, Maritime and Communications Minister Ahmet Arslan said on Dec. 13, as he commented on planned transportation projects.