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Posted on August 31, 2022

Gulf banks with Turkey exposure to suffer further losses, Fitch says

Gulf banks with exposure to Turkey are expected to make further net monetary losses on their investments in the second half of this year and into 2023, ratings agency Fitch said on Tuesday.

( read original story …)



Posted on August 31, 2022

Turkey’s economy powers on through worst inflation in two decades

One of the world’s worst inflation crises has yet to derail Turkey’s economy, as an upswing in consumer spending and tourism propels growth to among the fastest in the Group of 20.

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Posted on August 31, 2022

Reaction to deadly clashes in Iraq after al-Sadr quits politics

Iran closes its border with Iraq and Turkey issues a travel advisory as concern grows over deadly violence in Baghdad.

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Posted on August 31, 2022

Growing medical travel to Turkey

Türkiye’s medical tourism is growing fast, as the shrinking Turkish lira has brought down the cost of treatment.

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Posted on August 31, 2022

Reaction to deadly clashes in Iraq after al-Sadr quits politics

Iran closes its border with Iraq and Turkey issues a travel advisory as concern grows over deadly violence in Baghdad.

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Posted on August 16, 2022

Wealthy Russians Are Racing To Buy Homes in Turkey—Here’s Why

Since the invasion of Ukraine, Russians have piled into Turkish property, now representing over a quarter of foreign buyers.

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Posted on August 14, 2022

Turkey, a preferred destination for Russians looking to escape Western sanctions

Real estate sales, banking cooperation, reshipping of merchandise: Turkey and Russia are in tune to soften the blow of Western sanctions …

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Posted on August 12, 2022

Welcome to Sinkhole Village. Turkey’s mysterious craters are swallowing up fertile farming land in the nation’s breadbasket

In paddocks, corn fields and village streets across Turkey’s Konya plain, strange holes are appearing and swallowing up chunks of land in the nation’s breadbasket.

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Posted on August 11, 2022

A New Generation Real Estate Developer Rising From Turkey: Venue International

Rapid economic growth, a young demographic profile, and the stirrings of gentrification in Europe’s largest city combined make Turkey one of the hottest real estate attractions around. “The reasons …

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Posted on August 9, 2022

Turkey Bears Are on Back Foot Amid Global Rebound, Russian Cash

The return of optimism to global markets is lifting one of its most troubled corners — Turkey.The nation notorious for responding to elevated inflation with low interest rates was among the worst-hit …

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