Turkish state banks sold at least $2.5 billion to help prop up the lira this week, trying to shield it from foreign outflows and demand for foreign currency spurred by a widening current-account ... ( read original story ...)
Turkey Grapples With Stagflation
Turkey’s central bank is having to reckon with an inflationary ... “More important will be a strengthened commitment to price and financial stability.” ... ( read original story ...)
Global problems require global solutions, says Turkey
Foreign minister Mevlut Cavusoglu says Turkey has done its part by supporting others, global initiatives - Anadolu Agency ... ( read original story ...)
Western Union Expands in the Philippines with Cebuana Lhuillier
Western Union (NYSE:WU), a global leader in cross-border, cross-currency money movement and payments, and Cebuana Lhuillier, the largest and long-tenured microfinancial service provider in the ... ( read original story ...)
Pakistan to import 300,000 tonnes of sugar, finance ministry says
Pakistan on Tuesday allowed the import of 300,000 metric tonnes of sugar to meet a shortage in production below consumption levels, the finance ministry said, a move that could support global prices. ( read original story ...)
Reliance Commercial Finance lenders seek suitors to resolve debt
MUMBAI: Lenders to Reliance Commercial Finance Ltd (RCFL) have invited resolution plans from potential bidders under Reserve Bank of India’s 7 June circular on stressed assets, a public notice showed ... ( read original story ...)
Plan a quick getaway to Maldives with Emirates
Emirates is offering UAE nationals and residents a chance to plan a quick escape this summer to the idyllic islands of the Maldives. With the gradual re-opening of borders, travel restrictions in ... ( read original story ...)
Maldives launches 9 development projects from $5.6 million Indian grant
Speaking at the launch, Indian High Commissioner Sunjay Sudhir said the projects are transparent and demand-driven in nature with full ownership of the Government of Maldives ... ( read original story ...)
Qatar Airways to resume flights to Helsinki Wednesday
The Helsinki route will be operated by the airline’s modern, fuel-efficient Airbus A350-900 offering 36 seats in Business Class and 247 seats in Economy. During the pandemic, in addition to scheduled ... ( read original story ...)
Kuwait’s KIPIC starts operation of gas line feeding long-delayed Al-Zour refinery
Kuwait Integrated Petroleum Industries Co (KIPIC) has begun operating the gas line that will feed its long-delayed Al-Zour refinery, state news agency KUNA said on Tuesday. Originally planned more ... ( read original story ...)