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Startups are increasingly going bust as funding dries up
The number of startups closing their doors rose 58% y-o-y during 1Q 2024
ADQ mulls acquisition of Turkey’s Odeabank + Emirates NBD closer to acquiring stake in Yes Bank?
It is still uncertain whether ADQ will move forward with the acquisition
Fuel prices hiked in August + Is ADIA closer to acquiring a stake in Haldiram?
Plus: Egyptian fintech MNT-Halan is looking to expand to the UAE
UAE, Turkey, Azerbaijan form USD 600 mn real estate investment firm
The new entity will execute projects in Dubai, Istanbul, and Baku starting this year
DP World + Evyap Group merge to manage two key Turkish ports
Under the new venture, DP world will onboard a 58% stake in Evyapport, and Evyap Group will absorb a 42%…
Turkey could levy a tax on stocks
Treasury and Finance Minister Mehmet Simsek said the government is considering a “very limited” transaction tax
Today’s rate cuts could revive the EU’s economy, but the path forward is murky
Some wonder whether it would be a mistake for the ECB to diverge from the US Federal Reserve for the…
Turkey’s inflation hits 75.5% in what is believed to be the peak before a slowdown
The Turkish central bank has raised interest rates 41.5% since June 2023
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