ANKARA (AA) – Saudi banks will benefit from the current atmosphere of high oil prices, rising interest rates, and strong credit growth in 2022-2023, Fitch Ratings said on Wednesday. “The banks have largely absorbed the pandemic shock, helped by a strong economic rebound, while the operating environment should remain favourable, sup...
ANKARA – The South Korean president has said that the security situation in the region is “tough” after reports of North Korea resuming its nuclear program. Yoon Suk-yeol called upon senior presidential secretaries for close monitoring of the situation. “The security situation is tough. Foreign countries are worried, and there’s talk of ...
BRUSSELS (AA) – The European Council head has said that the EU should seize frozen assets of Russian oligarchs to rebuild war-torn Ukraine. Speaking at a news conference in the Ukrainian city of Odessa where he paid a visit, Charles Michel pointed out the military and humanitarian needs of Ukraine. “…We have also frozen the [&helli...
LONDON (AA) – The UK has announced a new package of trade sanctions worth £1.7 billion ($2.09 billion) targeting Russia and Belarus. A statement from the British government said the move was “designed to further weaken (Russian President Vladimir) Putin’s war machine,” bringing the total value of products under sanctions since Russia’s “illega...
ANKARA (AA): The United Nations on Saturday called for the adoption of a more strategic approach to address the Palestinian economic and fiscal crisis. The call came in a report issued by the office of the United Nations Special Coordinator for the Middle East Peace Process (UNSCO), Tor Wennesland, ahead of a meeting of the […]
ANKARA (AA): Charter flights carrying the presidents of Turkiye and Azerbaijan will land at Turkiye’s Rize-Artvin Airport this month — marking the first landing at the facility. The airport will be inaugurated on May 14 in the presence of Turkiye’s President Recep Tayyip Erdogan and Azerbaijani President Ilham Aliyev. The air...
KYIV, Ukraine (AA): Ukraine needs “a strategic international support plan” similar to the historic Marshall Plan for rebuilding the country when the war ends, President Volodymyr Zelenskyy said Thursday. Speaking via video link at an international donors’ conference hosted by Poland and Sweden in Warsaw to raise funds for Ukraine, Zelenskyy no...
DAKAR, Senegal (AA) – The Russia-Ukraine war has deepened the food, energy and economic crises in Africa and worldwide, UN Secretary-General Antonio Guterres said Sunday. Speaking at a joint press conference with Senegal’s President Macky Sall at the Senegalese Presidential Palace, Guterres said that all unnecessary export restrictions s...
TEHRAN, Iran – Police cracked down on protests by teachers across Iran on Labour Day on Sunday. Teachers organized demonstrations in several cities on Labor Day to reiterate their demands for higher pay and better working conditions. Clashes broke out after police used force against protesters in the provinces of Fars, Kermanshah, Kurdistan, M...
ANKARA – Egypt’s Suez Canal Authority has said that its monthly revenues hit an all-time high in April. In a statement, the Suez Canal Authority said the international waterway made $629 million in revenues in April, an increase of 13.6% from $553.6 million last year. The strategic waterway raised the transit fees for ships since […]...
