CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: DR. KHALID BIN MUBARAK AL-SHAFI

Business / Middle East Business

Turkish central bank says drop in tourism revenue may hit external balances

Published: 22 Jun 2016 - 11:16 am | Last Updated: 02 Nov 2021 - 05:21 am
Peninsula


ISTANBUL: The Turkish central bank said on Wednesday that a decline in tourism revenue may hit external balances in the second half of the year.
In a presentation to economists posted on its website a day after it cut its overnight lending rate by 50 basis points, the bank also said it expects an improvement in the current account balance to continue. 
REUTERS

World Business

Gold casting grain. (Photo by Stefan Wermuth/Bloomberg) Gold tops $3,900/oz for first time on safe-haven demand
File photo Oil prices fall nearly 2% amid market uncertainty
File photo US crude oil, gasoline, distillate inventories rise
File photo Gold hits record, Wall St futures drop as US govt shuts down

Stock Market

Representational file photo Gold prices rise 1% following US data showing decline in job openings
This file photo taken on May 27, 2022 shows staff members walking past the logo of Chinese e-commerce giant Alibaba at its headquarters in Hangzhou, in China's eastern Zhejiang province. Photo by AFP Alibaba soars but Europe, Asia stocks mixed
(Files) Market indicators are displayed on digital screen at the Euronext trading exchange building in La Defense business district, west of Paris, on April 7, 2025. (Photo by Thomas Samson / AFP) Global markets down after Trump Fed firing, tariff threats
Peninsula Dollar holds gains after hot US inflation data trims Fed cut bets

Peninsula
Peninsula

Videos
Peninsula

From diplomacy to green growth: Qatar and Sweden embark on a ‘perfect fit’ partnership
Peninsula

Germany admires Qatar’s mediation efforts in regional, international conflicts: Ambassador
Peninsula

UK Ambassador reflects on his first year of tenure in Qatar

Trending News

  1. Representational file photo

    Rise in humidity, fog formation tonight: Qatar Met

  2. Swedish climate campaigner Greta Thunberg raises her fist, upon arrival alongside activists who were sailing aboard vessels from the Gaza-bound aid flotilla before being stopped and detained by Israeli forces, greeted by a crowd of supporters, at the arrivals area of Athens International Airport on October 6, 2025. (Photo by Aris Messinis / AFP)

    Greta Thunberg lands in Greece among Gaza flotilla activists deported from Israel

  3. File photo

    Indonesia expands coffee exports with shipment to Saudi Arabia

  4. Peninsula

    GCC-EU Joint Ministerial Council condemns attacks on Qatar, hails Doha's peace efforts

  5. Gold casting grain. (Photo by Stefan Wermuth/Bloomberg)

    Gold tops $3,900/oz for first time on safe-haven demand

Today’s Newspaper

Check all issues & supplements

Latest Updates

Doha Today

Participants during the celebrations.

South Africans in Qatar celebrate Heritage Day with vibrant festivities, rugby triumph