The Turkish lira weakened more than 1 per cent against the dollar early on Tuesday after the United States halted delivery of equipment related to the F-35 fighter aircraft to Turkey.
The Sharjah Airport on Thursday received Turkish Airlines’ inaugural flight from Istanbul. Starting in April, the airline will operate a daily flight to Sharjah from Istanbul’s new airport. The aircraft was welcomed with a traditional water salute, and a reception was held for the airline’s officials in the presence of Ali Salim Al Midfa, Chairman of Sharjah Airport Authority,
The Turkish lira eased to 5.62 against the dollar early on Wednesday, remaining under pressure after weakening a day earlier as the United States halted delivery of equipment related to a Turkish order of F-35 fighter planes.
Turkey’s annual inflation soared to its highest in 19 years, data showed on Monday, laying bare the depths of a currency crisis engineered by policies that the country’s president has espoused.
Turkey’s lira briefly fell 15 per cent to near its all-time low on Monday after President Tayyip Erdogan’s shock weekend ousting of a hawkish Central Bank governor sparked fears of a reversal of recent rate hikes.
Turkish inflation rose to a fresh 24-year high of 79.6 per cent in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed prices higher, though the price rises came out below forecasts. Inflation began to surge last autumn, when the lira slumped after the central bank
The Turkish central bank’s total reserves rose $6 billion last week to $134.5 billion, the highest since September 2014, four bankers’ calculations showed on Tuesday,
Turkey’s lira tumbled more than 2 per cent against the US dollar on Wednesday and its bonds dropped sharply as worries grew over a surge in inflation and depleted official reserves,
By deploying Turkish troops in the Arab world, the most dangerous man in this region, Turkey’s President Recep Tayyip Erdogan is following the bad example of “the most dangerous man in the world,” Donald Trump.