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Russia struggles to collect oil payments as China, UAE, Turkiye raise bank scrutiny
Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in…
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Record dividends paid out to shareholders in 2023
Global dividend payments hit a record $1.66 trillion in 2023 according to a report by asset manager Janus Henderson, with…
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Chinese, Indian, Pakistani currencies to join UAE-based cross-border payment system
Buna’s cross-border payment solution will enhance investments among Arab countries, says minister The UAE-based cross-border payment system, will add currencies…
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CBRT: There will be no restrictions on the use of cash advances and overdraft accounts
In the statement made by the CBRT, it was stated that no restrictions will be applied to the use of…
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Investors eye AI start-ups for tech solutions in mass market
Investors are keen to tap into opportunities offered by AI start-ups as the technology is increasingly adopted by various industries,…
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IMF raises Turkiye’s economic growth forecast to 3.6% for next year
Estimate is 0.6 percentage points higher than previous projection of 3% made in January The International Monetary Fund (IMF) on…
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Sarwa to offer cash account that pays four times more interest than banks
The product offers a 3% interest rate, does not require a minimum balance and charges no management fees UAE low-cost…
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Turkiye: Private sector’s foreign loan debt decreased by $7.5 billion in October
The total loan debt of the private sector from abroad decreased by $7.5 billion in October compared to the end…
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Turkiye: The loan volume of banks reached ₺6.8 trillion
The loan volume of the banking sector increased by ₺41.6 billion to ₺6.8 trillion last week. According to the weekly…
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Banks divert gold supply from India to China, Turkiye
Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkiye, and…
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