ISTANBUL Flag carrier Turkish Airlines on Monday signed a landmark finance deal with Dubai Islamic Bank (DIB) to purchase Airbus A350 airplanes. Speaking at a ceremony at Turkish Airlines’ headquarters in Istanbul, the airline’s Chairman, Ahmet Bolat, said the financing method implemented in the agreement is a first. “This transaction demonstrates our commitment to financial
ISTANBUL The EU on Friday adopted its 18th package of economic and individual sanctions against Russia, targeting Moscow’s energy revenues, banking operations, military suppliers, and trade flows, while also tightening restrictions on Belarus. The latest package includes 55 new listings, 14 individuals and 41 entities, linked to actions undermining Ukraine’s sovereignty, bringing the total number
ISTANBUL Top financial officials from the G20 major economies expressed worries about the effects of US President Donald Trump’s high tariffs on the global economy at a meeting in South Africa, Japanese news agency Jiji Press reported Friday. Japanese Finance Minister Katsunobu Kato told reporters on Thursday, day one of a two-day gathering of G-20
ISTANBUL Türkiye is prioritizing participation finance as global cooperation plays a key role in the growth of participation finance worldwide, the head of Türkiye’s Investment Office told Anadolu. Participation finance is a financial approach that promotes shared risk and reward between parties, emphasizing ethical and interest-free transactions. On July 10-11, Türkiye’s Investment Office held a
JERUSALEM/ISTANBUL Israeli Finance Minister Bezalel Smotrich criticized the possibility of signing a partial hostage exchange deal with the Palestinian group Hamas, calling it “foolish.” In a post Wednesday on X, Smotrich claimed that Hamas has been under tremendous pressure and distress in recent days due to a change in the aid distribution system and its
WASHINGTON Turkish Finance Minister Mehmet Simsek said Tuesday that Türkiye remains committed to “prudent, responsible and sustainable macroeconomic policies” in the face of ongoing global economic uncertainty as he reaffirmed the government’s economic program during meetings in Washington, DC. Speaking at an event organized by the Atlantic Council on the sidelines of the spring meetings