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News
Turkey Cuts 2027 Growth Outlook to 4.2%
6+ day, 16+ hour ago (1207+ words) Briefs Finance Turkey Cuts 2027 Growth Outlook as It Balances Prices and Expansion - Ankara's medium-term program through 2029 trims the 2027 growth projection and lowers this year's to 3.3% from 3.8%. - The plan sees growth at 4.2% next year, a notch below the prior 4.3% view. - The…...
Turkey to sell 30-year rights for Bosporus bridges
1+ week, 15+ hour ago (223+ words) Turkey is moving ahead with a multibillion-dollar privatization plan centered on two of Istanbul's most famous crossings. The 15 July Martyrs and Fatih Sultan Mehmet bridges, along with multiple highways, are slated for 30-year operating concessions. A formal decree signed by…...
Kuwait Allows Borrowing From $1T Wealth Fund
1+ week, 4+ day ago (1117+ words) Briefs Finance Kuwait Authorizes Tapping Its $1 Trillion-Plus Wealth Fund Through Government Borrowing - A new decree empowers Kuwait's government to borrow from the sovereign wealth fund, worth more than $1 trillion, to buttress the state's finances. - The move amends the 1976 law governing…...
Turkey Restores Key Rate as Iran Shock Fades
2+ week, 6+ day ago (371+ words) Turkey's central bank will restart one-week repo auctions at its 37% benchmark rate, ending the temporary use of the 40% overnight lending rate. The change suggests policymakers believe the biggest economic danger from the conflict with neighboring Iran has passed, even though…...
Israel's Rate Decision Hinges on Fiscal Trilemma
3+ week, 4+ day ago (490+ words) Israel's central bank chief is keeping his options open. "Our next meeting, which is in about two weeks, will be a live one," Yaron said. That follows a July meeting where the bank cut its benchmark rate for the second…...