In a visit to Ankara Wednesday, US Treasury Deputy Secretary Wally Adeyemo plans to remind Turkey that anyone evading US sanctions against Russia will be held accountable.
The two countries will focus on energy-related trading and establishing a north-south corridor to rival the Suez Canal.
Gulf states have already raised rates twice this year in response to the US monetary actions.
Lead figures in the Assad regime’s Qatirji oil-smuggling network were among those sanctioned.
Battling growing inflation, the Bank of Israel has significantly raised the country’s interest rates twice in recent weeks.
The central bank may raise rates further by 100 to 200 basis points in 2022 to be in line with tightening global monetary policies. Yields on T-bills are set to rise.
Buying a home has become an elusive dream even for middle-class professionals in Turkey as the country’s economic woes erupt into a perfect storm over the housing market.
Turkey is in the midst of an economic crisis marked by high inflation.
The Emirati government decided to sell bonds in dirhams to boost the local banking sector and diversify financially.