With hopes all but vanishing of a US financial aid package offsetting Turkey’s war losses, the country’s markets spent last week in gloomy mood. While interest and dollar rates jumped, financial...
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Economic Update | Markets Ponder Future Without US Aid
22 Jul 2010
Economic Update | Strong Growth Masks Deep Concerns Over War
22 Jul 2010
Despite the release of some healthy looking vital statistics, Azerbaijan’s leaders were in sombre mood after US-led forces invaded Iraq last week. Predictions that the war would lead to delays in...
Economic Update | Surprise Vote Leaves Turkish Markets Worried
22 Jul 2010
After parliament’s shock decision against the deployment of US troops in Turkey, the week opened with many measuring the economic cost of this razor’s edge rejection.
Economic Update | Turkey Feels the Pressure
22 Jul 2010
While Turkey became the focus at NATO of perhaps the worst rift in US-European relations in decades, back in Ankara and Washington the International Monetary Fund (IMF), the US Treasury and the...
Economic Update | Troubling Times for Turkey’s New Leaders
22 Jul 2010
With new figures out this week adding to a growing sense of market unease over Turkey’s economic performance, the government’s ability to deal with a range of tough domestic and international issues...
Economic Update | UAE Banks Draw Funds Despite Tensions
22 Jul 2010
New 2002 figures showed the UAE’s banking sector continuing to show robust results in drawing investment, despite uncertainty over Iraq. Meanwhile, UAE Central Bank officials began speculating on...
