Tag: Turkey
Three nations to be largest sovereign sukuk issuers
Moody's Investors Service predicts Malaysia, Indonesia, and Turkiye will become the largest sovereign sukuk issuers in 2023-2024. Malaysia's fiscal deficit is expected to decrease to around 5% of GDP, supporting annual sovereign sukuk issuance of US$20-22 billion.
Hope fading as deaths in Turkey, Syria earthquake surpasses 15,000
A catastrophic 7.8 magnitude earthquake has devastated southeastern Turkey and northern Syria, resulting in over 15,000 confirmed deaths. Rescue teams from multiple countries are working tirelessly to find survivors in the rubble of thousands of collapsed buildings, while President Erdogan promises support for displaced residents.
