Category: Business

BMW, Mercedes lead most profitable carmakers ranking

BMW, Mercedes lead most profitable carmakers ranking

Germany’s top luxury carmakers – BMW and Daimler – were the most profitable auto groups in the world last year, according to a study obtained by dpa....

Turkish economy proved credit rating agencies wrong, Erdoğan says

Turkish economy proved credit rating agencies wrong, Erdoğan says

Turkey’s economy grew by 2.9 percent in 2016 despite negative forecasts by credit rating agencies and a series of incidents, President Recep Tayyip Erdoğan said...

Germany urges EU to take US steel row to WTO, says measures threaten int’l trade order

Germany urges EU to take US steel row to WTO, says measures threaten int’l trade order

Germany urged the European Union on Friday to consider filing a complaint with the World Trade Organization (WTO) against the United States over its plan to impose...

Halkbank denounces Iran sanctions evasion claims, says operations compliant with national, int'l regulations

Halkbank denounces Iran sanctions evasion claims, says operations compliant with national, int’l regulations

Turkish lender Halkbank said its operations and transactions are in full compliance with national and international regulations. In a statement to the Borsa Istanbul...

Oil shares gain as US stocks end mostly higher amid Brexit anxiety

Oil shares gain as US stocks end mostly higher amid Brexit anxiety

Regardless of recent tensions between Turkey and some EU countries, European tourists continue to prefer Turkey as a popular holiday destination with the number of...

Turkish Airlines increases Antalya-Moscow flights

Turkish Airlines increases Antalya-Moscow flights

Turkish Airlines announced Wednesday that it added five more round-trip flights between Turkey’s southern resort city of Antalya and the Russian capital, Moscow,...

PM invites Bahraini investors to explore investment opportunities in Pakistan

Prime Minister Nawaz Sharif has invited Bahraini investors to explore investment opportunities in commercial and tourism sectors of Pakistan. He was talking to Minister...

Amazon buys Middle East’s largest online retailer Souq.com

Amazon buys Middle East’s largest online retailer Souq.com

Amazon purchased the Middle East’s biggest online retailer Souq.com on Tuesday for an undisclosed amount, a day after a state-backed firm disclosed an $800 million...

CPEC is a new cooperation framework set up by China and Pakistan

BEIJING: A spokesman of Chinese Ministry of Foreign Affairs said on Friday that China stood ready to work with Pakistan to move forward the China-Pakistan Economic...

Twitter explores subscription-based premium version for professionals

Twitter explores subscription-based premium version for professionals

Twitter Inc is considering whether to build a premium version of its popular Tweetdeck interface aimed at professionals, the company said on Thursday, raising the...