Turkey on its way to economic recovery: Minister

(Bloomberg) — The Middle East’s largest economy probably broke free of its first recession in a decade, according to Turkish Treasury and Finance Minister Berat Al Bayrak. Turkey may already be on course to recovery after ending last year with two consecutive quarters of contraction following a currency crash, Al Bayrak said Monday, citing preliminary […]

Property investors find value in Abu Dhabi prices

While Abu Dhabi’s real estate market is expected to remain subdued, with price corrections continuing across all sub-sectors this year and new supply outstripping demand, property analysts are optimistic of the capital’s medium-term prospects. The government’s recent policy reforms and economic stimulus — including a Dh50-billion Abu Dhabi Government stimulus package and Abu Dhabi National […]

China’s neighbours learn to play the Belt and Road game

Nationalism has been a feature of political discourse in Indonesia since the republic’s inception after the Second World War. It’s taken on more of an edge since the Asian Financial Crisis and return to democracy. Now, in every election, candidates compete to trumpet their economic patriotism. In the current campaign, challenger Prabowo Subianto has gone […]

National Bank of Kuwait Q1 net profit up 15.1 pct

DUBAI: National Bank of Kuwait, the country’s biggest lender, reported a 15.1 per cent rise in first-quarter profit, helped by higher net interest income and lower provisioning charges, beating analysts’ forecasts. The bank said net profit totalled 107.7 million Kuwaiti dinars (Dh1.29 billion) during the January to March period, up from 93.6 million dinars a […]