Bahrain has remained largely insulated from international external risks and has weathered the global economic shocks of the recent past relatively well. At the height of the international financial downturn, for example, the kingdom avoided falling into recession and even achieved real GDP growth of more than 6% in 2008 and over 3% in 2009.
With Turkish equities outperforming all of the major national exchanges and a strong rise in corporate debt issuances, local capital markets enjoyed a banner year in 2012. The strong performance lent support to a government drive to deepen and broaden capital markets while modernising trading systems and better integrating them internationally...
Previous examples show that the development of capital markets goes hand-in-hand with economic prosperity. Although wealth accumulation is a prerequisite for capital markets growth, alone it is insufficient. A stable macro environment and well-functioning market structure are also needed. We believe Turkey’s capital markets are at an inflection point, and expect them to...
What key issues were addressed by the recent amendments to Turkey’s capital markets laws (CML)?
The Islamic finance sector in Turkey received a powerful boost in 2012 as the government entered the market with its debut issues of sukuks, the Islamic equivalent of bonds. The successful debuts – one in the domestic market and another in the international Eurobond market...
In line with the country’s rising profile as a destination for emerging market investment, Turkey’s capital markets are undergoing a major modernisation. A combination of legal reforms, an expansion of local exchange offerings into more complex instruments, and technological and procedural improvements to facilitate electronic and algorithmic...
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