Turkey deficit narrows less than forecast
Istanbul - Arabstoday
Turkey’s current account deficit narrowed less than expected in January, data showed on Monday, hitting the lira and putting more pressure on the central bank to reduce the gap as it tries to rebalance the economy. The deficit, driven by Turkey’s dependence on energy imports, fell to $6.00 billion from $6.57 billion in December and $6.02 a year earlier, the central bank said. A poll forecast a $5.55 billion deficit. “A disappointing number again, especially with the lira again coming under selling pressure over the past week. It underscores Turkey’s vulnerability via the energy price channel,” said Royal Bank of Scotland economist Timothy Ash.
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Moscow - TASS
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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All rights reserved to Arab Today Media Group 2021 ©
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