Turkey opposition stuns in local elections victory over Erdogan party

Turkey opposition stuns in local elections victory over Erdogan party

Istanbul Municipality Mayor Ekrem İmamoğlu speaks at the 19 May Commemoration of Atatürk, Youth and Sports Day celebrations held at the Maltepe Event Area on May 19, 2023 on Istanbul, Turkey.  Hakan Akgun | Getty Images Turkey’s opposition won a stunning victory across several major cities in the country’s local elections Sunday, dealing a severe … Read more

Turkey’s local elections — and whoever wins Istanbul — could dictate future

Turkey’s local elections — and whoever wins Istanbul — could dictate future

As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background.  Vw Pics | Universal Images Group | Getty Images Turkish President Recep Tayyip Erdogan once said that whoever wins Istanbul wins Turkey. If that’s the case, the stakes … Read more

Saudi Arabia is building the world’s first Dragon Ball Z theme park

Saudi Arabia is building the world’s first Dragon Ball Z theme park

Visitors try out the latest version of Dragon Ball Z Kakarot at the 2019 Gamescom gaming trade fair in Cologne, Germany.  Lukas Schulze | Getty Images News | Getty Images Saudi Arabia is set to become home to the first-ever Dragon Ball Z theme park — a 5.3 million square foot entertainment venue announced as … Read more

Dubai’s Parkin surges 30% in UAE’s first IPO of the year

Dubai’s Parkin surges 30% in UAE’s first IPO of the year

Modern architecture, Dubai central business district and car traffic are seen from Sky Views Observatory on Dec. 13, 2023 in Dubai, United Arab Emirates. Dominika Zarzycka | SOPA Images | LightRocket DUBAI, United Arab Emirates — Shares of Dubai parking operator Parkin surged more than 30% Thursday as the company went public on the Dubai … Read more

Saudi Arabia wealth fund in talks to acquire national airline Saudia: Report

Saudi Arabia wealth fund in talks to acquire national airline Saudia: Report

Boeing 787 Dreamliner Saudi Arabian. Aircraft to Fiumicino Leonardo da Vinci Airport. Fiumicino (Italia), Nov. 11, 2021 Massimo Insabato/Archivio Massimo Insabato/Mondadori Portfolio via Getty Images Saudi Arabia’s behemoth sovereign wealth fund is in talks to buy the kingdom’s national airline Saudia, Bloomberg reported over the weekend, citing people familiar with the matter. The reported move … Read more

Turkey opts for new tightening strategy after signaling pause to hikes

Turkey opts for new tightening strategy after signaling pause to hikes

A picture taken on August 14, 2018 shows the logo of Turkey’s Central Bank at the entrance of its headquarters in Ankara, Turkey. ADEM ALTAN | AFP | Getty Images Turkey’s central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling that its rate-hiking cycle was … Read more

Egypt hikes interest rates by 600 basis points, pound crumbles to record low

Egypt hikes interest rates by 600 basis points, pound crumbles to record low

Yousef Gamal El-Din | CNBC Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600 points and devalued the currency. The steps were meant to facilitate an agreement with the International Monetary Fund, which is expected to confirm the extension of its current $3 billion … Read more

low turnout and boycott expected

low turnout and boycott expected

Iranian women cast their ballots at a polling station during elections to select members of parliament and a key clerical body, in Tehran on March 1, 2024. ATTA KENARE | AFP Iran holds its parliamentary elections on Friday, in the first vote for Iranians since a nationwide protest movement for women’s rights rocked the country … Read more

Goldman Sachs, Abu Dhabi ink $1 billion investment partnership for Asia Pacific

Goldman Sachs, Abu Dhabi ink  billion investment partnership for Asia Pacific

An Emirati woman paddles a canoe past skyscrapers in Abu Dhabi, United Arab Emirates, on Wednesday, Oct. 2, 2019. Christopher Pike | Bloomberg | Getty Images DUBAI, United Arab Emirates — Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala on Monday signed a $1 billion private credit partnership to co-invest in the Asia-Pacific region, … Read more

Turkey is back in from the cold with NATO and F-16 moves

Turkey is back in from the cold with NATO and F-16 moves

President of Turkey Recep Erdogan addresses journalists during the final national press conference during the high level NATO summit in Litexpo Conference Centre in Vilnius, Lithuania on July 12, 2023. Dominika Zarzycka | Nurphoto | Getty Images Turkey spent nearly two years — along with Hungary — holding up Sweden’s accession to NATO. It’s bought … Read more