Tugce Ozsoy

Turkey’s lira depreciated on Monday as state lenders abstained from aggressively defending the exchange rate and traders responded by unwinding some carry trades, according to people familiar with the matter.

The cost of borrowing Turkish liras overnight in the offshore market spiked above 50% for the first time since early September as traders exited some of their so-called carry positions amid currency losses.

A surge in the years since the pandemic has propelled stocks listed in the United Arab Emirates past $1 trillion in market value. Yet behind the dramatic ascent, investors face a complex market heavily dominated by its rulers.

(Bloomberg) -- A surge in the years since the pandemic has propelled stocks listed in the United Arab Emirates past $1 trillion in market value.

Turkey’s central bank raised reserve requirements for some lira deposits to mop up excess liquidity from the financial system and strengthen monetary policy’s impact on market interest rates.

Turkey's new requirement for money-market funds to allocate at least 10% of their portfolios to government bonds is set to channel billions of liras into Treasury debt, driving up demand for the short end of the yield curve.

Turkish stocks are among the world’s worst performers in the second half, but their fortunes are already turning as money managers bet interest rates cuts are coming soon.

Turkish stocks are among the world's worst performers in the second half, but their fortunes are already turning as money managers bet interest rates cuts are coming soon.

Saudi stocks are trailing emerging-market benchmarks for the first time since 2020, but some investors see several reasons why next year could turn out better.

Turkey removed a ban on short-selling top stocks, a long-awaited move that eases investor concerns over market accessibility.