In Ankara, Turkey’s Central Bank lowered interest rates by 250 basis points to 47.5%, aiming to ease monetary tightening policies and combat inflation. This decision follows a period of aggressive rate hikes since June 2023, with annual inflation beginning to decline. The rate cut coincided with a 30% increase in the country’s minimum wage, falling short of demands by workers unions and remaining just above the hunger threshold.
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Syrian Druse Pilgrims Pay Rare Visit to Israel
A delegation of Syrian Druse recently visited Israel for a pilgrimage to a shrine, marking a rare interaction between the two countries as Israel seeks to expand its influence in post-Assad Syria. The visit, organized by Druse leader Sheikh Muwafaq Tarif, was a significant moment for the community, many of whom live in southern Syria. Israel has indicated readiness to defend the Druse population in Syria and may allow some to work in the Golan...
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