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Business

Turkey lifts veil on unemployment data, revealing bigger army of jobless

A new, broader set of labor statistics has exposed a big gap between Turkey’s official unemployment rate and the actual joblessness in the crisis-hit country.

Jordanian detainees look on through the window of a rehabilitation centre in Zarqa, 30 kilometres east of Amman, on July 11, 2018. (Photo by Khalil MAZRAAWI / AFP) (Photo credit should read KHALIL MAZRAAWI/AFP via Getty Images)

Rights group criticizes Jordan over debt imprisonment

Human Rights Watch has highlighted the plight of poor Jordanians imprisoned for failing to pay back loans taken out to meet basic needs.

Saudi female employees work at the customers service desk at a hypermarket, newly launched by the operator LuLu and run by a team of women, in the Saudi Arabian port city of Jeddah, on February 21, 2021. (Photo by Amer HILABI / AFP) (Photo by AMER HILABI/AFP via Getty Images)

COVID accelerates evolution of Gulf economies

The economic policy response to COVID-19 is an acceleration of specific trends already underway across the Gulf Cooperation Council members, variously affecting tax policy, labor market regulation and immigration policy.

Iran receives COVID-19 vaccine from Cuba

Iran enjoys warm relations with the Latin American state and the two countries are also developing a coronavirus vaccine together.

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Jordan reinstates partial lockdown as coronavirus deaths spike

A policeman holds a stop sign in an almost deserted avenue in the Jordanian capital Amman, during a lockdown due to the coronavirus panemic, on February 26, 2021. (Photo by Khalil MAZRAAWI / AFP) (Photo by KHALIL MAZRAAWI/AFP via Getty Images)

Israel-Egypt relations advance in baby steps

A Israeli police car is park in front of the Egyptian Embassy in the city of Tel Aviv on September 11, 2011, two days after Egyptian demonstrators went on the rampage in Cairo, breaking into the Israeli embassy and forcing the personnel to be evacuated. The trouble followed several weeks of protests outside the Israeli embassy in Cairo after 5 Egyptian border police were shot dead last month by the Israeli military during a search operation for militants who shot at an Israeli bus in Israel, close to their

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First court victory for opponents of Jerusalem cable car project

Former Halkbank executive resigns as head of Istanbul stock exchange

Grapfics and numbers of trade markets are screened on the floor of the Borsa Istanbul on May 22, 2018 in Istanbul. - Turkey's embattled currency, the Lira, on May 22 hit new historic lows against the US dollar after Fitch ratings agency expressed concerns over the central bank's independence in the wake of comments by President Recep Tayyip Erdogan. (Photo by OZAN KOSE / AFP) (Photo credit should read OZAN KOSE/AFP via Getty Images)

Iranian men monitor the stock market at Tehran Stock Exchange on July 1, 2019. - Iran's stock market is thriving, despite US sanctions which have battered its economy and an uncertain future as geopolitical tensions soar in the Gulf. Its main index, TEDPIX, has steadily risen over the last 12 months, accelerating in the most recent quarter to hit a historic high of 248,577 last week -- more than twice its level a year ago. (Photo by ATTA KENARE / AFP) (Photo credit should read ATTA KENARE/AFP via Get

Tehran Stock Exchange: The end of an illusion

Many Iranian investors have recently seen the value of their portfolios drop significantly due to governmental overregulation in times of market growth.

A picture taken on September 25, 2019 in the Mediterranean Sea, off the coast of Cyprus approximately 20 nautical miles (37 kilometers) north-west of Paphos, shows a Turkish army frigate, the TCG Gelibolu, (R) and the drilling vessel Fatih (L), which was deployed by Turkey to search for gas and oil in waters considered part of the EU state's exclusive economic zone (EEZ). (Photo by - / AFP) (Photo credit should read -/AFP via Getty Images)

Russia enters EastMed fray, offers to mediate with Turkey

As Turkey bemoans its loneliness in a bitter row with Greece over energy exploration in the Mediterranean Sea, Moscow says it is ready to step in to mediate talks.

A picture taken on March 30, 2018 shows the traffic jam at the Eminonu district, in Istanbul. - Uber has enjoyed growing popularity in Istanbul, and this has stoked tensions with the official taxi drivers, who have brought legal cases against the firm in Istanbul in a bid to have the app blocked in Turkey, AFP reports. Tensions have also spilt over into violence, with Uber drivers complaining of being verbally harassed, beaten up or even shot at. (Photo by OZAN KOSE / AFP) (Photo credit should read O

Turkey pumps brakes on car imports

Driven by some peculiar dynamics, demand for imported cars has grown in Turkey despite the coronavirus pandemic, leading Ankara to hike taxes to suppress a trend that has worsened the country’s currency woes.

Cypriot President Nicos Anastasiades speaks during a joint press conference with Russian Foreign Minister Sergei Lavrov (L) at the presidential palace in the capital Nicosia, on September 8, 2020. (Photo by Iakovos HATZISTAVROU / AFP) (Photo by IAKOVOS HATZISTAVROU/AFP via Getty Images)

Intel: Russian naval exercises could fuel Greece-Turkey standoff in EastMed

A planned Russian drill could worsen an already tense standoff between Greece and Turkey in the energy-rich and disputed eastern Mediterranean Sea.

This picture taken on July 17, 2020 shows an Emirates Boeing 777-31H aircraft disembarking passengers upon arrival at the Iranian capital Tehran's Imam Khomeini International Airport. - The UAE's Emirates airlines landed its first flight in Tehran on July 17 after a five month shutdown due to the novel coronavirus pandemic. (Photo by - / AFP) (Photo by -/AFP via Getty Images)

Emirates to resume flights to Amman

Beginning Sept. 8, the Dubai-owned carrier will operate daily flights between Dubai and the Jordanian capital.

United Arab Emirates

Israeli Prime Minister Benjamin Netanyahu (3rdR) look at one of the first two F-35 stealth fighter jets purchased in the United States next to its pilot (2ndR), an Israeli officer, after he landed on December 12, 2016 at the Israeli Nevatim Air force base in the Negev desert, near the southern city of Beersheva.
The first two US F-35 stealth fighters bought by Israel landed at an air base in the Jewish state this evening, an AFP journalist at the site said. Their arrival, hailed as a gamechanger by Israeli

Intel: Netanyahu knew of US proposal to sell arms to UAE, says NYT

Israeli Prime Minister Benjamin Netanyahu was aware of a US proposal to sell the advanced F-35 fighter jet to the United Arab Emirates amid negotiations with the Gulf country over normalizing ties with Israel, the New York Times reported Thursday.

United Arab Emirates

Tomatoes grow at a farm in the Sudanese capital Khartoum on April 17, 2015. AFP PHOTO / PATRICK BAZ (Photo credit should read PATRICK BAZ/AFP via Getty Images)

Farming study brings Sudan, Egypt closer amid Nile Dam crisis

Egypt has agreed with Sudan to study a plan to grow crops together on Sudanese land within the framework of economic cooperation between the two countries.

Israel, India advance on Phalcon AWACS megadeal

India’s Cabinet is set to approve next week a $1 billion deal to purchase two Israeli Phalcon AWACS.

An Emirati official stands near an air-plane of El Al, which carried a US-Israeli delegation to the UAE following a normalisation accord, upon it's arrival at the Abu Dhabi airport in the first-ever commercial flight from Israel to the UAE, on August 31, 2020. - A US-Israeli delegation including White House advisor Jared Kushner took off on a historic first direct commercial flight from Tel Aviv to Abu Dhabi to mark the normalisation of ties between the Jewish state and the UAE. (Photo by Karim SAHIB / AFP)

Netanyahu calls opening of Saudi skies 'huge breakthrough’

Israeli Prime Minister Benjamin Netanyahu and Foreign Minister Gabi Ashkenazi hailed Saudi Arabia's decision to open its airspace to "all countries" following the UAE-Israel deal.

ISTANBUL, TURKEY - APRIL 12: Galata Tower and surrounds are empty during a two-day lockdown imposed prevent the spread of COVID-19 on April 12, 2020 in Istanbul, Turkey. The 48-hour lockdown extends until midnight Sunday and applies to more than two dozen cities, including Istanbul and the capital, Ankara. As of April 12, Turkey has reported 56,956 cases of COVID-19 and 1,198 related deaths. (Photo by Burak Kara/Getty Images)

Botched restoration makes Turkish antiquities into punchlines

Experts accuse the Turkish government of hiring inexperienced construction companies to restore precious historical monuments, and the results have been predictable.

This picture taken on September 1, 2020 in Jerusalem shows the front pages of Israeli and Palestinian newspapers with images of the US-Israeli delegation arriving to Abu Dhabi on the first commercial flight from Tel Aviv to mark the normalisation of ties between the Jewish state and the UAE. (Photo by MENAHEM KAHANA / AFP) (Photo by MENAHEM KAHANA/AFP via Getty Images)

Israel, UAE sign first agreement on investment, financial services

Israeli Prime Minister Benjamin Netanyahu said announcements in aviation, tourism, trade and other areas of mutual interest will follow.

United Arab Emirates

Tourists visit The National Museum of Iran in Tehran on October 09, 2018. (Photo by ATTA KENARE / AFP) (Photo credit should read ATTA KENARE/AFP via Getty Images)

Iranian tourism drops to 'near-zero levels' due to coronavirus

The coronavirus pandemic is choking Iran’s tourism industry as the number of foreign tourists drops to an all-time low, prompting record layoffs and reducing income to near-zero levels.