Business

Turkiye’s Central Bank Terminates FX-Protected Deposits

Ankara: The Central Bank of the Republic of Turkiye (CBRT) has announced the termination of the opening and renewal of FX-protected deposit (KKM) accounts, with the exception of YUVAM accounts, set to take effect on August 23, 2025. Accounts that were…

German Economy Contracts by 0.3% in Q2 Amid Trade Tensions

Germany: Germany’s economy, the largest in Europe, shrank by 0.3 percent in the second quarter of this year compared with the previous quarter, the Federal Statistical Office said Friday.

According to Kuwait News Agency, citing a preliminary report a…

US, EU Reach Framework Agreement for Balanced Trade

Washington: The United States and the European Union have agreed on a framework of an agreement on reciprocal, fair, and balanced trade, the White House announced on Thursday. This Framework Agreement is designed to establish a robust foundation for o…

GCC-Stat: USD 2.143 tn Gulf Countries’ GDP in ’23

Muscat: The gross domestic product (GDP) of the Gulf Cooperation Council (GCC) countries at current prices reached USD 2.143 trillion in 2023, down 2.7 percent from USD 2.202 trillion at the end of 2022.

According to Kuwait News Agency, data releas…