Vanishing Turkish Currency: 1 Turkish Lira with the Portrait of Kemal AtatürkTurkishManuel Augusto Moreno | Moment | Getty ImagesThe Turkish lira hit a fresh record low against the U.S. dollar on Thursday, trading at 30.005 to the greenback just before noon local time. It marks the first time that...
Saudi Arabia nearly doubled the estimate for the value of its mineral resources and is seeing lucrative deals signed during its Future Minerals Forum held in Riyadh this week, ministers told CNBC.Estimates for the kingdom's untapped mineral reserves have jumped from $1.3 trillion in a 2016 forecast to $2.5...
Cityscape of Saudi capital Riyadh.Harri Jarvelainen Photography | Moment | Getty ImagesDUBAI, United Arab Emirates — Saudi Arabia announced a 30-year tax exemption package for foreign companies establishing their regional headquarters in the kingdom, the latest move in its aggressive campaign to attract international investment and headcount."The Ministry of...
Emirates airlines Boeing 777-31H(ER) takes off from Los Angeles international Airport on January 13, 2021.Aaronp / Bauer-Griffin | GC Images | Getty ImagesDUBAI, United Arab Emirates — Emirates Group posted its highest-ever half-year earnings, reporting net profit of 10.1 billion dirhams ($2.75 billion) for 2023-24 on rebounding demand.The figure...