Haykakan Zhamanak: Armenia’s foreign debt rising as foreign reserves shrink
Armenia’s foreign reserves decreased dramatically to 1.589 billion Drams (AMD 475 = USD 1) in July against the increasing foreign debt which amounts to AMD…
Turkey: Towards a New Policy on Syria?
On August 13th PM Yıldırım announced – tough indirectly – a potential shift of Turkish official stance on Syria. “Don’t be surprised if very important…
Azerbaijan is largest investor in Georgia in 2015
According to the National Statistics Service “Geostat”, last year Azerbaijan has invested in the Georgian economy 550 million dollars – 35% of total foreign direct…
Fitch expected to keep Turkey’s outlook as ‘investible’
London-based international finance specialists expect that Fitch Ratings agency will reaffirm Turkey’s credit score as “investible.” Currently, the credit rating agency gives Turkey’s sovereign rating…
Istanbul police detain 120 executives suspected of financing coup plotters
Is tanbul police detained 120 company executives from 44 companies in the Üsküdar and Ümraniye districts in a dawn raid as part of the investigation…
25,000 buildings under construction in Dubai
Residents will soon be spoilt for choice when it comes to choosing a home, as Dubai is currently constructing over 25,000 new buildings – including…
Russia-Turkey trade turnover down by 41.1% year-on-year in 1H
“The decrease in imports from Turkey was in particular due to the restrictive measures Russia imposed against Turkey,” Russian Ministry of Economy. The trade turnover…
Army colonel gunned down in Yemen
Yemeni army colonel serving in the Saudi-led coalition forces was assassinated Monday in the southwestern al-Houta province of Yemen, local source told Anadolu Agency. Col. Abdulaziz Muhammed Yusuf es-Sabihi was…
Nakheel, RIU begin work on Deira Islands beachfront resort
Deira Islands is set to become one of the hottest holiday spots in town now that UAE master developer Nakheel has started work on a…
Jordan, Germany sign 20 million-euro grant agreement in support of education sector
The Jordanian Ministry of Planning and International Cooperation signed a financing agreement with the German KfW Development Bank in Amman for the amount of 20…