Turkey promised the European Union last week that it would complete secondary tax regulations soon, Finance Minister Naci Ağbal said on Nov. 23, adding that it was out of the question for the bloc to include Turkey in a blacklist of tax havens.
Leading MIT Professor Daron Acemoğlu has received the “2017 Rahmi M. Koç Medal of Science” for his “distinguished contributions to the economic realm globally,” according to Koç University, which presented him with the award on Nov. 22.
The World Trade Organization agreed Nov. 22 to hear Qatar’s complaint against the United Arab Emirates over a five-month old blockade that has triggered a diplomatic crisis in the Gulf.
Turkish Deputy Prime Minister Mehmet Şimşek signed two 20-year financing agreements worth around a total $567 million with the Islamic Development Bank (IDB) on Nov. 22, the Turkish Treasury said in a statement.
Zimbabwe's economic situation remains "very difficult" as sustainable growth is threatened by high government spending, an untenable foreign exchange regime and inadequate reforms, a senior International Monetary Fund (IMF) official said.
The EBRD, the Turkish Employment Agency (İŞKUR), the EU Delegation to Turkey and the Ministry of Labor and Social Security discussed the positive impact of the joint Finance and Advice for Women in Business program at an event in Ankara on Nov. 22.
Turkish consumer confidence fell to 65.2 points in November, the lowest level this year and down from 67.3 points a month earlier, data from the Turkish Statistics Institute (TÜİK) showed on Nov. 22.
Federal Reserve Chair Janet Yellen said on Nov. 21 that the biggest challenge facing the central bank in coming years will be to craft an interest rate policy that avoids putting the economy through a “boom-bust” cycle.
Turkey’s mobile internet economy rose 18 percent in 2016 when compared to 2015, reaching $26 billion, said a report released on Nov. 21.
Travel firm Thomas Cook reported an 8 percent rise in full year earnings, helped by a turnaround of its German airline Condor and improved customer demand, adding that bookings for Turkey and Egypt in summer 2018 were already very strong.
The United States, Mexico and Canada failed to resolve any major differences in a fifth round of talks to rework the NAFTA trade deal, drawing a swift complaint from the Trump administration on Nov. 21 that the lack of progress could doom the process.
France’s Total will lose all of its investment if it pulls out of a deal with Iran to develop South Pars, the world’s largest gas field, the Iranian oil minister said on Nov. 21.