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Turkish exports leap to unprecedented heights despite other economic woes

Turkish exports leap to unprecedented heights despite other economic woes

Exports to the European Union, were almost half of Turkey's exports, and surged 33% year-over-year to $93.1 billion, enabling Turkey to post a surplus of around $7.7 billion in trade with the bloc. Germany remained the top market, having received $19.3 billion worth of Turkish products throughout the year, followed by the United States with $14.7 billion and the United Kingdom with $13.7 billion. Sales to all the three markets marked the highest annual figures ever.

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Dubai marches ahead despite pandemic setbacks

Dubai marches ahead despite pandemic setbacks

Emphasising its resilience as the leading economic hub in the Gulf, the Emirate of Dubai on Sunday (27 December) unveiled a growth-oriented 2021 budget that seeks to accelerate the pace of economic recovery, strengthen social benefits and enhance infrastructure. Dubai seeks a quick bounce back in 2021 after the setbacks due to the coronavirus pandemic
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Sheikh Tamim goes on a shopping spree in Turkey, acquiring 10% of the Turkish Stock Exchange, and other assets

Sheikh Tamim goes on a shopping spree in Turkey, acquiring 10% of the Turkish Stock Exchange, and other assets

Memorandums of Understanding about the transfer of shares were signed on Thursday (26 November) during the visit of the Emir of Qatar, Sheikh Tamim bin Hamad al Thani to Ankara to participate in the 6th meeting of the Qatar-Turkey High Strategic Council
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Saudi Arabia clamps down on corruption

Saudi Arabia clamps down on corruption

Saudi Arabia is continuing its clampdown on corruption within its bureaucracy, particularly in the defence sector, launching more than 150 new criminal cases after investigations by its Control and Anti-Corruption Authority (Nazaha).