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Tuesday, January 26, 2021

OPEC extending oil cuts positive, but risks undersupply

ANKARA OPEC and its allies agreeing to extend oil production cuts by a further one month is positive for the market and prices, but it risks the possibility of an...

Turkey's Borsa Istanbul down at opening session

ISTANBUL  Turkey's benchmark stock index started Friday at 118,500.81 points, down 0.45%, or 530.35 points. At Thursday's close, Borsa Istanbul's BIST 100 index was up 0.81% at 119,031.16 points with a...

Qatar Airways sues Saudi-led bloc over blockade

DOHA Qatar Airways on Wednesday submitted four international arbitration requests for $5 billion in compensation from a Saudi-led bloc that imposed a blockade on the Gulf state in mid-2017. “The decision...

WTO's Goods Trade Barometer 'flashes red'

GENEVA The volume of world merchandise trade is likely to fall steeply in the first half of 2020 as the COVID-19 pandemic disrupts the global economy, the World Trade Organization's...

'Turkiye Sigorta to push insurance sector over top'

ISTANBUL Turkiye Sigorta, which gathered six state-run insurance companies under a single roof, will push the Turkish insurance sector over the top in the global competition, President Recep Tayyip Erdogan...

Turkish Cargo maintains operations for healthier world

ANKARA Turkish Cargo, a division of Turkey’s national flag carrier Turkish Airlines, has planned 155 flights per week for cargo freighters and 60 flights per week for passenger aircraft that...

Turkcell, China Development Bank ink $590M loan deal

ANKARA A €500 million ($590 million) long-term loan package with the China Development Bank (CDB) will help Turkish cellphone operator Turkcell take its business to the next level, the cellphone...

Asian bank loans $500 million to Turkish banks

ISTANBUL  The Asian Infrastructure Investment Bank (AIIB) approved $500 million in loans for the Development Investment Bank of Turkey (TKYB) and the Industrial Development Bank of Turkey (TSKB) to reduce...

'Smartphone giants to start production in Turkey'

ISTANBUL Global smartphone giants from China and Far East will make investment and start production in Turkey soon, Turkish industry and technology minister said on Saturday. About Chinese smartphone manufacturer Oppo's...

Barrel of US oil nosedives below $0 in historical first

WASHINGTON The price for a barrel of West Texas Intermediate crude oil sharply curtailed Monday, falling into negative territory for the first time in history as demand continues to collapse...

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Bosnian minister says more women needed in government

BELGRADE, Serbia Bosnia and Herzegovina's first headscarf-wearing minister said Wednesday that women should be more involved in government.  "There are four women in the current cantonal...

UAE ratifies visa exemption agreement with Israel

ISTANBUL  The United Arab Emirates approved a visa exemption agreement with Israel on Wednesday, Israel’s Foreign Ministry said in a statement.  The agreement will come into...

NBA: Rockets trade James Harden to Nets

ANKARA The Houston Rockets traded James Harden to the Brooklyn Nets, NBA insider Shams Charania announced Wednesday.  “Rockets are acquiring Caris LeVert in James Harden deal...

Anadolu Agency's Morning Briefing – January 14, 2021

ANKARA Anadolu Agency is here with a rundown of the latest developments on the coronavirus pandemic and other news in Turkey and around the world.   Coronavirus...

‘Cyprus solution must be based on sovereign equality'

LEFKOSA, Turkish Republic of Northern Cyprus  An official negotiation process on the Cyprus issue can only be started for a solution based on sovereign equality,...