According to a report by the Emirates Industrial Bank in early January, the UAE's GDP fell by around 2.5% in 2001, largely as a result of falling oil prices since September 11th.
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Economic Update | UAE Economy Continues to Diversify
22 Jul 2010
Economic Update | IMF to Lend Turkey $16bn over Three Years
22 Jul 2010
After its meeting on February 4th, the IMF board approved an additional $12bn loan package for Turkey, bringing the total over the next three years to $16.3bn. Of this total, $9.3bn was made...
Economic Update | Ankara Takes Steps Towards Europe
22 Jul 2010
Continued debate has surrounded Turkey's most recent steps towards EU accession: the consideration of a package of bills that concentrates on human rights and freedom of speech.
Economic Update | High Hopes For Cyprus Settlement
22 Jul 2010
International observes are hoping for a final breakthrough in the Cyprus peace talks, after the rival leaders Glafcos Clerides and Rauf Denktas, from Greek and Turkish Cyprus respectively, agreed on...
Economic Update | Hot Air in Turkey's Gas Sector
22 Jul 2010
Turkey has revised its estimated natural gas requirements in 2002 to around 21 billion cubic metres (bcm) according to the Energy Minister Zeki Cakan on January 12th.
Economic Update | Turkey's Prime Minister Ecevit in the US
22 Jul 2010
The Turkish Prime Minister Bulent Ecevit has spent the last week in the US hoping to garner support for economic reforms at home and trade concessions for Turkish exports to the US.
