The lira took a hit as investors braced for a Turkish military operation in northern Syria. The currency weakened as much as 1.1% to breach 5.75 against the dollar. It pared losses to 0.8%, trading at 5.7458 as of 11:31 a.m. in Istanbul, still leading declines among emerging-market...

Often considered in the short term as a factor of aggravation of unemployment, Syrian refugees in Turkey can contribute to accelerate the pace of economic growth of the country.  According to the latest Femise report of September FEM43-05, "The long-term impact of Syrian refugees...

The Spanish government said on Thursday it would pump hundreds of millions of euros into the country's tourism sector to help it deal with the fallout from travel giant Thomas Cook's bankruptcy. The move comes days after the Spanish hotel federation warned that hundreds of hotels faced...

Iran said on Monday that it is on track to create a new oil terminal on the Sea of Oman that would open a new export route for its crude and allow tankers to bypass the strategic Strait of Hormuz. The National Iranian Oil Company signed a contract worth around $52 million Monday with three...