Iran faces dual crisis amid currency drop and loss of major regional ally
A briefcase filled with Iranian rial banknotes sits on display at a currency exchange market on Ferdowsi street in Tehran,…
Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking
Turkey came out miles ahead of the rest of the world in an annual global wealth ranking — in a…
Nigeria’s central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa’s largest economy…
Egypt hikes interest rates by 600 basis points, pound crumbles to record low
Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600…
Nigeria battles to halt spiraling currency crisis and rising food insecurity
Nigeria is battling to contain a historic currency crisis and soaring inflation, with the International Monetary Fund on Monday warning…
Turkish annual inflation soars to 67% in February
Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations.…
Turkey ends hiking cycle after 8 months, holding key rate at 45%
Turkey’s central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation after eight consecutive…
Turkey hikes interest rate again to 45% after inflation nears 65%
Turkey’s central bank on Thursday hiked its key interest rate by another 250 basis points to 45%. The hike to the…
Turkish lira hits fresh record low against the U.S. dollar
The Turkish lira hit a fresh record low against the U.S. dollar on Thursday, trading at 30.005 to the greenback…
India overtakes Hong Kong to become the world’s seventh largest stock market
India’s stock market value has overtaken Hong Kong’s to become the seventh largest in the world as optimism about the…
