In an unexpected move on March 14th, Turkey's central bank cut interest rates by one and three percent for the overnight lending rate and the overnight borrowing rate respectively.
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Economic Update | Turkey's Central Bank Cuts Interest Rates
22 Jul 2010
Economic Update | GCC Accelerates Trade Talks with Europe
22 Jul 2010
Foreign ministers from the six-member Gulf Cooperation Council (GCC) and the EU held meetings in Granada on February 27th-28th. While GCC officials had hoped that the talks would focus on a possible...
Economic Update | Lower Inflation Figures Boosts Turkish Market
22 Jul 2010
Turkey's State Institute of Statistics announced on March 3rd that February Consumer Price Inflation (CPI) figures showed a rise of only 1.8%, bringing the annual rate to 73.1%.
Economic Update | UAE Tourism Shows Signs of Recovery
22 Jul 2010
Tourism to the UAE has suffered in the wake of the September 11th terrorist attacks. Optimism in the sector’s recovery is returning, however, especially with the advent of the Dubai Shopping Festival...
Economic Update | UAE Looks to Attract More Investment Banks
22 Jul 2010
In a bid to attract global financial institutions to the UAE, Dubai crown prince Sheikh Mohammed bin Rashid al Maktoum announced on February 16th that the emirate would set up the Dubai International...
Economic Update | Turkish Market Recovery Still Slow
22 Jul 2010
The last couple of weeks in Turkey have seen the stock market and the Turkish Lira fall, despite the new IMF standby-agreement confirmed by the IMF on January 4th.
