Africa Asia Business Headlines

Africa, Middle East & Turkey Wearable Devices Market Scores Strong Growth, IDC

Shipments of wearable devices in the Middle East, Turkey, and Africa (META) region reached 1.13 million units in the third quarter of 2018, according to the latest insights from International Data Corporation (IDC). The global technology research and consulting firm’s Worldwide Quarterly Wearable Device Tracker shows that shipments were up 77.6% on the corresponding period […]

Headlines Libya

Libya: Turkey Pledges to Investigate Arms Shipment

Ankara Saturday vowed to launch a probe into the smuggling of a shipment of arms to Libya, which is under UN arm embargo. The Libyan authorities based in Tripoli reportedly had seized last week, two containers of weapons and munitions disguised as construction material in the Western port of Khoms. The shipment was coming from […]

Americas Asia Business Headlines International Morocco

Impact of U.S.-Turkey Trade War on Morocco

The trade and financial war currently unfolding between the U.S. and Turkey is opening new opportunities and risks for the Moroccan economy, which has signed free trade agreements with both countries. With Turkey facing a currency crisis, President Donald Trump last week doubled tariffs on imports of steel and aluminum to offset the effects of […]

Asia Finance Headlines International

Kuwait: No Plan to Back Turkish Lira with $1.6bn

Kuwait Monday dismissed reports that it has planned to inject $1.6 billion into the Turkish plummeting Lira which lost 40 per cent of its value against the US dollar amid the ongoing diplomatic crisis between Ankara and Washington. Kuwaiti Finance Minister Nayef Al-Hajraf discussed with his Turkish counterpart Berat Albayrak Turkey’s economic situation on Sunday […]

Editorials Opinions

Global Terror Attacks Drop in 2017 But ISIS Remains Deadliest (Report)

The numbers of terrorist attacks and deaths worldwide declined in 2017 for the third consecutive year, according to latest data released by the University of Maryland’s National Consortium for the Study of Terrorism and Responses to Terrorism (START). Last year, there were 10,900 terrorist attacks around the world, which killed more than 26,400 people, including […]

Business Emerging Markets

British holidaymakers back to Turkey, Tunisia and Egypt

A study carried out this summer by ForwardKeys and market research company GfK shows that British holidaymakers are flocking back to North African countries; destinations that until recently were feared by many to be at risk of unrest or terrorism. The study which predicts future travel patterns by analysing booking transactions by travel agents shows […]

Business Headlines Morocco

Morocco’s Army Reportedly Negotiating Purchase of Turkish T-129 Helicopters

A delegation of the Royal Armed Forces recently visited the Ankara-based Turkish Aerospace Industries headquarters to negotiate the purchase of T-129 attack helicopters, the much coveted aircraft by international air forces. According to FAR-Maroc, a website specializing in defense issues, senior officers of the Royal Armed Forces have just made a trip to Turkey to […]

Algeria Asia Headlines International

Turkish President Urges Algeria to Lift Import Restrictions

Turkish President Recep Tayip Erdogan urged Algerian authorities to lift the import restrictions and quotas it has imposed in a bid to curb the surging imports bill and consequently delay the depletion of its foreign reserves. Erdogan, who paid a three day visit to Algiers as part of an Africa tour, told the Turkish-Algerian business […]

Africa Asia Headlines International

Sudan Hands Suakin Island to Turkey for Development

Sudan has agreed to hand over the Red Sea Suakin island temporarily to Turkey for infrastructure development and rebuilding. The announcement was made during a visit by Turkish President Recep Tayyip Erdogan to Sudan, which included a visit to the Suakin island and its old port. During a speech at the University of Khartoum, where […]

Asia Egypt Headlines International

Egypt Detains 29 people on Charges of Spying for Turkey

Egyptian prosecutor ordered the arrest of 29 people on charges of spying for Turkey and plotting to revive the outlawed Muslim Brotherhood organization. A statement of the Egyptian general prosecutor accused the arrested individuals of “spying in favor of Turkey and membership in a terrorist organization”. The statement added that Egyptian intelligence service uncovered a […]