Economy

Iran launches air maneuvers near strategic Strait of Hormuz

Sep 21, 2018

Iran's news agency: Air force holds drill in Persian Gulf waters on anniversary of start of Iraq-Iran war

Iran's domestic car market stalls as nuclear deal falters

Sep 21, 2018

As Iran's currency, the rial, plummets against US dollar, cars are growing more and more expensive in Iran

Turkey expects lower growth amid currency turmoil

Sep 20, 2018

The Turkish government expects lower economic growth in coming years amid concerns over high inflation and a sliding currency.

OPEC chief: Cartel must stay together as US sanctions Iran

Sep 18, 2018

OPEC chief says cartel must stick together for the good of the global economy as Iran faces renewed US sanctions

Turkey union official: Airport construction workers detained

Sep 15, 2018

A trade union leader says police in Turkey have rounded up hundreds of construction workers at Istanbul's new airport after they staged a protest denouncing poor working conditions

Turkish leader Erdogan criticizes central bank's rate hike

Sep 14, 2018

Turkish President Recep Tayyip Erdogan has reproached the central bank's move to sharply raise interest rates, saying the country would "see the results" of the bank's independence

Turkish central bank raises rates to stem currency crisis

Sep 13, 2018

Turkey's central bank has raised its key interest rate sharply to contain inflation and stem a currency crisis.

The Latest: Turkish central bank raises rates sharply

Sep 13, 2018

Turkey's central bank has raised its key interest rate sharply, from 17.75 percent to 24 percent, to contain inflation and support the currency after steep declines this year.

Turkish central bank raises key interest rate from 17.75 percent to 24 percent amid currency drop

Sep 13, 2018

Turkish central bank raises key interest rate from 17.75 percent to 24 percent amid currency drop

Unease, anger in Tehran's Grand Bazaar, Iran's beating heart

Sep 13, 2018

Unease and anger are gripping those in Tehran's Grand Bazaar, which serves of the beating economic and political heart of Iran

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