Latest news with #Ankara
Zawya
2 days ago
- Business
- Zawya
Turkey's exports to neighbors increased by 4.8% in first half of 2025
Ankara: Turkiye's exports to its neighboring countries increased by 4.8 percent to reach $13.3 billion in the first half of this year compared to the same period in 2024. In their data today, Turkiye's Ministry of Trade and the Turkish Exporters' Assembly announced that the country's exports in the first half of last year to Azerbaijan, Bulgaria, Georgia, Iran, Iraq, Syria, and Greece amounted to $12.6 billion. The data did not include trade with Armenia due to the absence of official direct land trade between the two countries. The figures indicated that Turkiye's total exports in the first half of this year amounted to $131.4 billion, a 4.1 percent increase compared to the same period in 2024. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Forbes
2 days ago
- Business
- Forbes
Will The Rally In XRP Price Continue?
ANKARA, TURKIYE - MARCH 07: In this photo illustration, the 'XRP Ripple' logo is displayed on a ... More mobile phone screen in front of a computer screen displaying the 'Cardano Ada' logo in Ankara, Turkiye on March 07, 2025. (Photo by Harun Ozalp/Anadolu via Getty Images) Ripple's XRP has surged approximately 30% over the past week, decisively breaking above its 20, 50, 100, and 200-day moving averages. This impressive rally aligns with Bitcoin reaching new all-time highs around $121,000, generating strong momentum across the entire cryptocurrency market. Adding to the bullish sentiment, President Trump recently posted on social media: 'Tech stocks, industrial stocks, & Nasdaq, hit all-time, record highs! Crypto, 'through the roof'.' He also urged the Federal Reserve to 'rapidly' cut interest rates, citing 'no inflation.' This endorsement of cryptocurrencies and call for aggressive monetary easing has significantly supported digital assets, with Bitcoin, Ethereum, and XRP all posting solid gains. Trump's remarks suggest a shift toward crypto-friendly policies and looser monetary conditions—two key factors that have historically bolstered digital asset performance. Also, check out the High Quality portfolio, which has outperformed the S&P and delivered >91% returns since inception. The Impact of Federal Reserve Rate Cuts on XRP If the Federal Reserve proceeds with rapid interest rate cuts, the cryptocurrency market—especially XRP—could see notable upside. This shift in policy fundamentally reshapes the investment landscape in ways that favor digital assets. Lower interest rates reduce the opportunity cost of holding assets that don't generate income. With diminished yields on traditional investments like bonds or savings accounts, investors often pivot toward higher-growth options, making cryptocurrencies more appealing. Additionally, weaker interest rates often result in a softer U.S. dollar, enhancing the appeal of alternative stores of value. Given XRP's established role in cross-border payments, it becomes a viable dollar substitute in international transactions. XRP is especially well-positioned to gain from a low-rate environment due to its practical use within the financial sector. Unlike assets driven purely by speculation, XRP facilitates real-time global payments, adding institutional value. As financial institutions face tighter margins amid low rates, XRP's efficient payment infrastructure offers a cost-saving solution. Banks and payment providers looking to preserve profitability may increasingly adopt XRP to reduce costs and improve settlement speeds. Moreover, XRP's recent breakout above all key moving averages signals strong technical momentum, which could intensify if favorable monetary conditions materialize. Broader Market Implications Swift rate reductions would likely drive capital out of traditional 'risk-free' assets into higher-risk segments. Cryptocurrencies—with their high-return potential—would likely benefit significantly. Historically, such conditions favor established digital currencies like XRP, which offer both speculative upside and real-world utility. Falling rates also reduce borrowing costs, encouraging leveraged crypto investments and potentially accelerating institutional involvement. With traditional yield avenues narrowing, corporate and institutional investors may increasingly turn to digital assets as portfolio diversifiers. Technical Momentum Supports Continued Gains XRP Price History XRP's clear breakout above key moving averages reflects solid technical momentum that may persist if macroeconomic conditions continue to improve. Its ability to stay above these critical levels highlights continued institutional and retail interest. As Bitcoin continues pushing new highs and lifting the broader cryptocurrency sector, XRP appears primed for further gains—especially if the Fed adopts the kind of aggressive rate-cutting stance Trump has encouraged. XRP's 30% rally over the past week reflects growing optimism around Trump's pro-crypto messaging and mounting expectations of monetary easing. Should the Federal Reserve follow through with swift rate reductions, XRP could benefit from sustained investor interest as a viable alternative to low-yield traditional assets. However, investing in individual stocks—or cryptocurrencies, which are significantly more volatile—carries substantial risk. For broader exposure, consider the 30-stock Trefis High Quality (HQ) Portfolio, which has a strong record of comfortably outperforming the S&P 500 over the past four years. What's the reason? HQ Portfolio stocks have generally offered higher returns with lower volatility than the benchmark—resulting in a smoother ride, as shown in the HQ Portfolio performance metrics.
Arab News
3 days ago
- Business
- Arab News
UAE, Turkish presidents reaffirm support for regional stability
LONDON: UAE President Sheikh Mohamed bin Zayed Al-Nahyan discussed recent developments in the Middle East with his Turkish counterpart, Recep Tayyip Erdogan, on Sunday. During a telephone call the leaders emphasized their countries' commitment to supporting all efforts that promote peace and stability in the region, the Emirates News Agency reported. They emphasized the need for improved coordination to tackle regional crises through dialogue and diplomacy, which they said was essential for achieving lasting peace and stability. The call reflects the close ties and economic partnership between Ankara and Abu Dhabi and strong cooperation in various sectors.
The Sun
3 days ago
- The Sun
At least three dead including 3.5- month-old baby after horror blaze breaks out at 26-story apartment block in Turkey
AT least three people including a three-month-old baby have reportedly died after a fire broke out at a high-rise apartment in Ankara, Turkey. The inferno tore through a 26-story building after starting on the fourth floor at around 10pm on Saturday, local media reported. 1 20 people were hospitalised, with one in critical condition, according to Anadolu Agency. They also reported that firefighters took about four hours to put out the raging blaze. .
Arab News
3 days ago
- Arab News
Apartment fire in Turkiye's Ankara kills 3, including a baby
Istanbul: A fire at a 26-story apartment building in the Turkish capital, Ankara, killed three people, including a three-and-a-half-month-old baby, local media said. The blaze broke out at around 10:00 p.m. local time Saturday night on the fourth floor and quickly spread through the structure, according to the state-run Anadolu Agency. It took firefighters four hours to put out the fire. The agency also reported that 39 suffered light smoke inhalation, including seven firefighters. Paramedics attended to 26 people on site, while 20 others have been hospitalized, one in critical condition.
