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Turkey: Annual Inflation Rises More than 10%

Turkey: Annual Inflation Rises More than 10%

Ankara- Turkey’s annual inflation rose to 10.68 percent in August, compared to 9.79 percent in July. Turkish Statistical Institute report showed that the highest monthly rise was in the education sector (2.79 percent) in prices as the new scholar year approaches, then...
Cash still king as Saudis shun credit cards

Cash still king as Saudis shun credit cards

Riyadh, Asharq Al-Awsat—Credit card use in Saudi Arabia has been on the decline since 2008, according to recent data released by the country’s central bank, the Saudi Arabian Monetary Agency. The figures show that credit card revenues in the Kingdom, which stood at...