Industry

Trkiye’s short-term foreign debt reaches $177.4B at end-2023

ANKARA: Trkiye’s short-term external debt stock hit $177.4 billion as of the end of 2023, according to official data released on Monday.

A Turkish Central Bank statement said that the foreign debt due to be paid over the next 12 months increased 17.2…

Turkish stock exchange opens week in the green

ANKARA: Trkiye’s benchmark stock index opened Monday at 9,322.05 points, up 0.77%, or 71.69 points, from the previous close.

On Friday, Borsa Istanbul’s BIST 100 index inched up by 0.09% to close at a fresh all-time high of 9,250.36 points.

The US d…

Turkish, Azerbaijani officials meet to boost economic ties

ISTANBUL: Two top Turkish economic officials and Azerbaijan’s economy chief on Monday met to discuss economic and trade ties between their countries.

Turkish Trade Minister Omer Bolat, Treasury and Finance Minister Mehmet Simsek, and Azerbaijani Econ…

Oil down as US economic downturn casts shadow on demand hopes

ANKARA: Oil prices declined on Monday as protracted concerns over the US economy and likely delays in the Federal Reserve’s (Fed) interest rate cut negatively impacted market sentiment over oil demand growth in the world’s largest oil-consuming countr…