Dubai’s largest aluminium producer DUBAL signed on July 24th a Term Loan Facility with Citibank, a member of Citigroup, worth a reported AED 734m ($200m) to fund a major plant upgrade.
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Economic Update | Dubai to Upgrade Smelter
22 Jul 2010
Economic Update | Turkey Headed To November Polls
22 Jul 2010
Prime Minister Bulent Ecevit removed his longstanding opposition to early elections, with the coalition announcing on July 16th that they had agreed to hold polls on November 3rd.
Economic Update | Turkish Government On The Brink
22 Jul 2010
The Turkish government was reeling after a key member in the fractious three-party coalition quit on July 8th, followed by a mass defection of over 30 deputies from Prime Minister Bulent Ecevit’s...
Economic Update | Ailing Ecevit Stays Atop Coalition Government
22 Jul 2010
Turkish Prime Minister Bulent Ecevit emerged from a much-anticipated medical check on June 26th insisting that a slew of nagging ailments would not keep him from returning to work in a few weeks time...
Economic Update | Turkey Shakes Up Its Banking Sector
22 Jul 2010
Turkey's banking watchdog (BDDK) on June 19th took control of the country's seventh largest bank, Pamukbank, driving the Istanbul Stock Exchange (ISE) into a sharp decline.
Economic Update | Turkey Assumes Control of Afghan Force
22 Jul 2010
The Turkish military, long accustomed to the domestic limelight, took on new challenges in the global arena as it assumed control of the 4650-strong International Security Assistance Force (ISAF) in...
