Turkey has extended the ban on layoffs for two months, starting March 17, according to a presidential decree. The ban was imposed last year to limit the impact of the Coronavirus pandemic on employment and the economy at large. The Turkish President has the power to extend it for a …

German exports rose unexpectedly in January, buoyed by strong trade with China at a positive start of the year for manufacturers in Europe’s largest economy. Seasonally adjusted exports rose 1.4% compared to the previous month after a 0.4% increase in December, the Federal Statistics Office said Tuesday. The previous reading …

Gold prices rose on March 9th, as the metal was boosted by a drop in US Treasury yields, after the previous session recorded its lowest level in nine months. The spot price of gold was up 0.7% to $1692.21 an ounce. Prices were down more than 1% on Monday to …

The Turkish lira rose 0.8% against the dollar after recording its weakest rate since mid-December during the previous session, in a decline that raised expectations that the central bank will raise interest rates from its current level of 17% next week. The lira was at 7.68 per dollar, from 7.7440 …

The US State Department said that most of those who applied for US visas and were rejected due to Trump’s decision to ban entry to citizens of 13 countries can seek to reconsider their applications or apply for new ones. President Joe Biden canceled the ban on entry to certain …

Oil prices retreated on Monday after jumping earlier in the session above $70 a barrel for the first time since the start of the Coronavirus crisis, following attacks on Saudi oil facilities. Brent crude futures, the world record, ended the trading session down $1.12, or the equivalent of 1.61%, to …

Today’s survey showed that an indicator of investor confidence in the eurozone jumped in March to its highest reading in more than a year, supported by an improved outlook for the current situation. The Sentex Eurozone index rose to 5.0 from -0.2 in February, its highest level since February 2020. …

In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. Oil Purchasing biases pushed crude oil prices to touch the highest level since October 2018, and we can say that the biggest supporter of the rise in …

In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. Oil Purchasing biases pushed crude oil prices to touch the highest level since October 2018, and we can say that the biggest supporter of the rise in …

The Turkish lira fell 0.7% today, recording a decline in ten of the last eleven sessions, with high inflation, global bond yields and oil prices in a test of the central bank’s pledge to tighten monetary policy. After raising interest rates to 17% in December, Central Bank Governor Naji Iqbal …