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Christmas trees burnt down, road blocked in Ulaanbaatar as demonstrators demand details on fate of 44 trillion tughrik, or $12.8bn, in times of economic hardship.
Government plans to transform state miner Erdenes Mongol into SWF tasked with wisely investing coal, copper, gold and other earnings.
Since the collapse of the Soviet Union inflation been falling and dropped to post-Soviet lows in the last two years. Now it’s back. The countries of Eastern Europe, Central Asia and the Caucasus are worst affected
With economies primed to rebound as pandemic restrictions are loosened, consumer prices could rise even further, reawakening an issue that has long been ignored.
Concern is mounting over Turkey’s ‘wealthless sovereign wealth fund’, which is exempted from public auditing. Critics claim the sovereign wealth fund (SWF), named the Turkey Wealth Fund ...
Confectionery maker reportedly looking to sell 5-year or 7-year papers. Turkey Wealth Fund said to have backed away from holding auction after asked for yields turned out to be higher than officials expected.
Turkish business daily Dunya on October 5 published an analysis listing Turkish companies that are already facing writedowns from open foreign currency positions due to lira weakness. At the head ...
Capital or financing support could reportedly be provided to flagship carrier hammered by pandemic.
Main index has lost over a fifth of its value in a month. Size of sovereign fund has not been disclosed for two years.
Baku has spent the past few years recovering from the previous collapse of hydrocarbon prices and building its financial firepower to fend off any repeat.
Saudi Arabia plans to expand its sukuk borrowing programme to cover the budget deficit caused by low oil prices
Global energy prices and the scale of Azerbaijan’s energy exports will determine whether the fund can continue growing at such a rapid pace.
International operations manager at state-owned bank accused of laundering hundreds of millions of dollars with Iranian-Turkish gold trader.
Attention is on Turkey’s controversial referendum to transform Turkish President Recep Tayyip Erdogan into an “executive president". But little attention has been paid to a silent economic revolution and the appearance of sovereign wealth fund.
The president argues the executive presidency is essential to fight against the manifold economic and security threats bedevilling the nation.