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Turkish central bank move raises questions over independence

Turkey's currency plunged Tuesday amid growing questions over the central bank's ability to set policy without interference from the increasingly powerful office of President...

Turkish finance minister sees promising outlook for economic growth -Anadolu

Turkey is continuing its strong economic growth trend and the foundations of its economy are strong, new Finance Minister Berat Albayrak was quoted as...

Egypt hikes natural gas prices by up to 75 percent

Egypt raised natural gas prices for households and businesses on Saturday by between 33.3 and 75 percent, the latest among tough austerity measures aimed...

Turkish lira, shares boosted by Erdogan election win

Turkish markets rallied on Monday as investors bet on Tayyip Erdogan's presidential election victory bringing political stability, setting aside any concerns over the direction...

Turkey’s central bank raises rates again, says ready to tighten further

Turkey's central bank ramped up its benchmark interest rate to 17.75 percent on Thursday, taking another step to assert its independence, two weeks after...

Egypt raises price of drinking water

Egypt has raised the price of piped drinking water by up to 45 percent. Saturday's decision has been published in the country's official gazette. The rise...

Erdogan asks Turks to help prop up plunging lira

Turkish President Recep Tayyip Erdogan on Saturday urged compatriots to change their foreign currency to the lira to help prop up the embattled currency. "My...

Libya cuts oil output by up to 120,000 bpd due to power problems

Libya's National Oil Corp on Wednesday cut oil production by about 120,000 barrels a day as its eastern subsidiary AGOCO faced power problems due...

Saudi Arabia gives assurances on supply as oil hits $80/barrel

Saudi Arabia said on Thursday it would make sure the world is adequately supplied with oil to support global economic growth just as top...

Turkish banker gets 32 months prison in U.S. case over Iran sanctions

A U.S. judge sentenced Mehmet Hakan Atilla, a Turkish banker at Turkey's state-controlled Halkbank, to 32 months in prison on Wednesday after he was...

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