Mideast snapshot: Turkey's stock market reopens, Tunisia's IMF hopes and more
A look at some of the stories I'm watching as I start my day as Bloomberg's Doha-based Middle East TV correspondent. Your thoughts most welcome.
From the video:
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BRICS Debates Expansion as Iran, Saudi Arabia Seek Membership. Iran and Saudi Arabia are among countries that have asked to join the group, according to South Africa's ambassador to the bloc. "Enlarging the group that includes Brazil, Russia, India, China and South Africa would benefit Beijing, as the world’s second-biggest economy tries to build diplomatic clout to counter the dominance of developed nations in the United Nations, International Monetary Fund, World Bank and other institutions.?"
How Ashmore Won And Lost $40 Billion in Six-Year Rollercoaster. "The last few years have brought several large blow-ups in emerging markets, and Ashmore often had a front-row seat."
Mystery Money Financed Half of Turkey’s 2022 Current-Account Gap. "An imbalance between imports and exports has grown worse last year after Turkey’s energy bill doubled as the cost of commodities spiked after Russia’s invasion of Ukraine." But a record amount of capital designated as "net errors and omissions," or capital of an unknown origin, "was instrumental to funding the deficit."
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