Overall reserves increase by 6.1%, foreign currency reserves hit $40.8B, gold reserves at $42.1B, official data showed. The Turkish Central Bank’s official reserve assets grew 6.1% month-on-month to reach $84.5 billion in October, according to data released on Friday. Foreign currency reserves – in convertible foreign currencies – increased by 12.4% to hit $40.8 billion,...
Author: Sedat Deniz (Sedat Deniz)
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Istanbul Airport tops European traffic charts Nov.18-26
Airport saw average of 500 flights daily from Nov. 18 to 26, according to Eurocontrol. The Istanbul Airport saw the highest number of flights in Europe from Nov. 18 to 26, according to the European Organization for Air Navigation Safety (Eurocontrol). The airport saw an average of 500 flights daily during the period, according to...
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Qatar Investment Authority acquires 10% stake in Borsa Istanbul
Qatar Investment Authority (QIA) signed a Memorandum of Understanding (MoU)with Turkey Wealth Fund (TWF) to acquire a 10% stake in Borsa Istanbul. The deal came after Qatar’s Emir, Sheikh Tamim bin Hamad al-Thani, met with Turkish President Tayyip Erdogan (above) in a formal visit to Turkey last week. The MoU was signed by TWF CEO Zafer Sonmez...