INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Turkey sees April inflation hit 69.97%, near 20-year high

Turkish government has announced a 34 percent increase in the monthly minimum wage, effective from July 1.
  • The inflation rate rose from 61.1 percent in March
  • On a monthly basis, prices rose by 7.25 percent

Turkey’s consumer price inflation accelerated to an annual 69.97 percent in April, local reports have said.

The number continued to rise to a two-decade high, according to statistics from the Turkish Statistical Institute.

The inflation rate increased from 61.1 percent in March, the institute said.

On a monthly basis, prices rose by 7.25 percent, said the institute.

Turkey is experiencing the highest inflation among major emerging markets and industrialized G20 economies.

Inflation is now just a few percentage points off a peak of 73.2 percent, which was reached following a financial crisis in the early 2000s.