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Cyprus government makes deposit in Co-op Bank ahead of sale

The Cyprus government deposited Tuesday 2.5 billion euros ($3.1 billion) into the island-nation's troubled Cooperative Bank in an attempt to dispel any uncertainty over its future. Government Spokesman Prodromos Prodromou said he hoped the deposit, mainly in the form of a bond issue,...

Turkish exports up in March

Turkey's exports in March totaled $15.5 billion, an 8.01 percent rise compared with the same month in 2017, according to provisional data of the Ministry of Customs and Trade on Monday. The imports climbed 12.77 percent to over $21.4 billion, amounting to a foreign trade deficit of...

Islamic Development Bank gears up for Tunisia summit

Business leaders from Muslim nations will gather in the Tunisian capital on Sunday to review last year's performance by the Islamic Development Bank (IDB), and discuss and approve its development agenda for the year ahead. Representatives of 57 member states, senior government officials...