Turkey
Two executives of former crypto investment platform arrested for fraud in Istanbul
Two executives from a former crypto investment platform accused of fraud were arrested in Istanbul earlier this year, Turkish media reported.
The International Monetary Fund (IMF) has revised its expectations for economic growth in Saudi Arabia, indicating a positive outlook for the Kingdom's economy.
This positive outlook confirms the growth and prosperity of the Saudi economy © Mena Today
The International Monetary Fund (IMF) has revised its expectations for economic growth in Saudi Arabia, indicating a positive outlook for the Kingdom's economy.
The IMF now predicts a growth rate of 5.5% in 2025, an increase from its previous estimate of 4.5% issued in October 2023.
These revisions were made based on the data published in the IMF's report “Updates on Global Economic Prospects” in January 2024, which highlighted the optimistic outlook for the Saudi economy's performance and strength despite the risks and challenges present in the global economic landscape.
This positive outlook confirms the growth and prosperity of the Saudi economy, which is being driven by strong leadership both regionally and internationally.
The report also expects the global economy to achieve a growth rate of 3.1% in 2024 and 3.2% in 2025.
Two executives from a former crypto investment platform accused of fraud were arrested in Istanbul earlier this year, Turkish media reported.
Abu Dhabi's Mubadala Investment Company applied to Turkey's Competition Board to take sole control of Turkish grocery delivery company Getir Perakende Lojistik, a statement on the board's website showed on Friday.
Saudi Arabia’s aid agency KSrelief launched a volunteer medical program in Turkey and Yemen reported state news agency SPA on Friday.
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