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  • Turkish Lira

Zekariya Cektir, 75, collects tobacco leaves in a field near Kurudere village, Adiyaman province, southeast Turkey, Wednesday, Sept. 28, 2022. Tobacco growers in southeast Turkey's Celikhan district are feeling the pinch as annual inflation reaches a new 24-year high. Official data released Monday Oct. 3, 2022 shows consumer prices rise 83.45% from a year earlier, further hitting households already facing high energy, food and housing costs. Experts say the real rate of inflation is much higher than official statistics, at an eye-watering 186%. (AP Photo/Emrah Gurel)

Record Inflation Squeezes Turkish Tobacco Workers, Owners

Mehmet Emin Calkan begins work harvesting a tobacco field in rural Turkey before dawn, then has another shift skewering and stringing the tobacco to dry under the sun. The 19-year-old, who hopes…

AP 03 October 2022
A money changer holds Turkish lira banknotes at a currency exchange office in Ankara, Turkey October 12, 2021. REUTERS/Cagla Gurdogan

Turkish lira Weakens Further After Erdogan Vows More Rate Cuts

Turkey's lira dipped 0.4% against the dollar on Tuesday as concerns over rampant inflation were stoked by President Tayyip Erdogan's pledge to continue cutting interest rates. In a Monday evening…

07 June 2022
Turkish financial expert Cüneyt Akman

Turkish Expert Asserts Continued Loss of Lira Amid Unchanged Economic Policies

The Turkish lira continues to touch record lows, the first of its kind, at a time when the Central Bank is trying to control its exchange rate against foreign currencies. The lira continues its…

Jiwan Soz 19 December 2021
A Syrian man pays with Turkish lira at a gas station in the town of Sarmada in Syria's northwestern Idlib province, on June 15, 2020. (Getty)

How Turkey Gains from Economic Takeover of Syrian Regions

Turkey has been forcing people for almost a year now to trade using its local currency in different Syrian regions that lie on its southern border and are under its army’s control. Likewise, these…

Jiwan Soz 11 June 2021
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Al Majalla/Reuters
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Trump's midterm loss opens a window for Iran diplomacy

11, Nov 2026

Both Tehran and Washington have powerful incentives to resolve the conflict through negotiations, but actors on all sides have reasons to derail these efforts

Alex Vatanka
The UK's Chancellor of the Exchequer John Healey carries the traditional red budget box as he leaves Downing Street in London on 28 October 2026. Reuters
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Britain's debt squeeze tests the pound’s power

11, Nov 2026

Rising borrowing costs and persistent inflation are narrowing the UK's fiscal room for manoeuvre, exposing the limits of monetary independence

Abdulfattah Khattab
Crew members of the Chinese People's Liberation Army (PLA) navy ship Qi Jiguang wave as their ship prepares to dock on 2 August 2026. JUNI KRISWANTO / AFP
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China eyes greater security role in the Red Sea

12, Nov 2026

Beijing has been expanding its base in Djibouti, the tiny state that sits opposite Yemen across the Bab al-Mandab Strait. With numerous other states also in play, this is a region to watch

Charbel Barakat
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Science & Technology

Climate change is redrawing national borders

10, Nov 2026

Whether it is rivers, glaciers, or sea-level submergence, the implications of rising temperatures are becoming an increasingly urgent issue for states

Alaa Emara
Culture & Social Affairs

Five Arab novels that paint an AI-dominated future

10, Nov 2026

From machines that develop human emotions to societies governed by artificial intelligence, Arab novelists explore the promises and perils of a radically transformed future

Ibrahim Adel

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