The flow of foreign exchange into Turkey has been insufficient to meet the nation’s needs, and Turkey will have to find new external debt channels.
Turkey demolishing, fortifying buildings in preparation for future earthquakes
Dust and rubble fill the street as an excavator tears off chunks of concrete from an old apartment building. Bystanders and former residents watch from afar as construction equipment tears down the …
Pakistan to call elections this week after Imran Khan jailed
Reaction to Khan’s arrest was muted, unlike in May when his detention brought hundreds of thousands of people to the streets. Read more at straitstimes.com.
Can China solve its property crisis?
Property, a mainstay of China’s economy, is in deep trouble. Tougher banking regulations, a slowing economy and massive over-supply are pushing developers to the brink.
US interest rate hikes haunt Taiwan’s $1.1 trillion life insurance industry
The expansionist era is over for Taiwan’s $1.1 trillion life insurance industry after the steepest Federal Reserve interest hikes in 40 years pushed it to the brink of a liquidity crisis. Over the …
Multiple countries send forces to Cyprus to combat country’s stubborn wildfire
Greece and Jordan have dispatched several aircraft to douse Cyprus’ stubborn wildfire. Neighboring Lebanon is also expected to send forces to help combat the Middle Eastern blaze.
Map reveals exact locations of Cyprus wildfires as popular holiday destination goes up in flames
Today, helicopters have been assessing the fire in Cyprus, which has so far burned through up to 10 square kilometers of land on the Mediterranean island and holiday hotspot. It follows the Cerberus …
NBB in deal with ERA to provide housing finance for its Bahrain project
The National Bank of Bahrain (NBB) has signed a deal with ERA Real Estate, one of Bahrain’s leading real estate development companies, under which it will provide exclusive offers for residential …
Anyone every dealt with a Sri Lankan BOI???
A new client has a BOI (Board of Investment) company in Sri Lanka that holds property, and is looking to sell the property. The individuals who own the …
North Korea’s Kim Jong Un Tours Arms Factories, and Takes Aim at West
North Korean leader Kim Jong Un toured the country’s key weapons factories, including those producing artillery systems and launch vehicles for nuclear-capable ballistic missiles, and pledged to speed …