Turkey strikes a currency swap deal with UAE as ties warm
The Hindu
Deal aims to promote bilateral trade and strengthen financial cooperation
The central banks of Turkey and the United Arab Emirates said on Wednesday they signed a swap agreement worth nearly $5 billion in local currencies, providing a possible source of support as Ankara faces economic turmoil.
The deal aims to promote bilateral trade and strengthen financial cooperation between the two regional rivals that have sought to warm ties in recent months, the banks said. It will last for three years with the possiblity of extension.
Last month Reuters reported, citing officials, that talks between the Turkish central bank and its UAE and Azeri counterparts were wrapping up with at least one deal likely soon.
Pakistan partners with World Liberty Financial to integrate a dollar-linked stablecoin into its digital payment system.
Vance to meet Danish and Greenlandic officials in Washington as locals say Greenland is not for sale
U.S. Vice-President Vance to meet Danish and Greenlandic officials amid local resistance to Greenland's potential sale to the U.S.
Toby Kiers wins the Tyler Prize for her groundbreaking research on vital underground fungal networks and their ecological significance.
Syrian Army and Kurdish forces clash in eastern Aleppo, escalating tensions amid stalled negotiations over military integration.
South Korea's President Lee orders review to potentially restore the 2018 military pact with North Korea aimed at reducing tensions.
Claudette Colvin, a civil rights pioneer, has died at 86, remembered for her courageous stand against segregation in 1955.
Iraqi officials arrest Kazem Hamad, an Australian national security threat linked to arson attacks, following a police investigation.
U.S. confirms release of multiple detained Americans in Venezuela following Maduro's capture, signaling a potential shift in relations.
Iran protest updates: Death toll from crackdown on protests in Iran jumps to at least 2,571, activists say. Follow The Hindu for LIVE updates
Trump gestures at a critic during a Ford plant visit, prompting embarrassment from Ford's chairman amid election campaign efforts.
Bangladesh's interim leader warns of disinformation threats to February elections, urging UN support to combat misinformation.
Costa Rica's security chief reveals an uncovered assassination plot against President Chaves ahead of upcoming elections.
Kim Yo Jong declares South Korea's hopes for improved relations with North Korea as an unachievable illusion, criticizing recent diplomatic overtures.