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Economic update | Istanbul Hosts EU-OIC Summit

22 Jul 2010
A two-day summit in Istanbul between the foreign ministers of European countries and those of the Organisation of Islamic Conference (OIC) ended on February 12th with calls for a two-state solution to the Palestinian-Israeli conflict.
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Economic update | Turkey’s Telsim in Court Case

22 Jul 2010
The world's two largest mobile-phone makers Motorola and Nokia on January 28th jointly filed a law suit in a New York federal court against Turkey's second largest mobile-phone operator Telsim.
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Economic update | Foreign Investment in Azerbaijan Increases

22 Jul 2010
Foreign Investment in Azerbaijan increased 17.1% in 2001 to $783m, according to an announcement by the State Statistics Committee in mid-January.
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Economic update | Azerbaijan Caught in the Middle

22 Jul 2010
As a former member of the Soviet Union, Azerbaijan remains in what Russia would regard its sphere of influence, but culturally Azeris are far closer to the NATO-member Turks.
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Economic update | Money Laundering Law Adopted in UAE

22 Jul 2010
On January 22nd, the United Arab Emirates introduced a new law to combat money laundering. This came after the cabinet approved the measure in mid-October following revelations that much of the funding for the terrorist attacks in the US had passed through the UAE.
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Economic update | UAE Economy Continues to Diversify

22 Jul 2010
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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