Hadn’t it been for the surprise decision by Egypt’s central bank to keep the ‘overnight interest rates’ unchanged, the emerging-market investors would have excitedly returned to Egypt, due to recent devaluation of the pound. Egypt’s [ More … ]
The UAE has launched a number of initiatives to lure investors in a bid to counter Saudi Arabia’s challenge. Riyadh has recently undertaken a number of decisions to overtake its Gulf neighbor as the main [ More … ]
Foreigners are back to gobble up Egypt’s local-currency debt. Overseas investors bought 100% of five-year bonds on Monday, as Egypt offers one of the highest yields in emerging markets It appears foreign investors can no [ More … ]
Crown prince under pressure to provide answers about Khashoggi. He may become threat to his own project of attracting business. He was the man who sold the world on his vision of a Saudi economy [ More … ]
We have seen more moderate tones used by Erdogan, Yildirim to the business community, London-based economist says After Turkey’s referendum, foreigners have appeared willing to put money back into Turkey, Timothy Ash, a senior emerging [ More … ]
Sudan’s Oil and Gaz Minister Mohamed Zayed Awad has welcomed U.S. investors looking for a way to take part in the oil industry in Sudan and pledged to provide all the needed facilities. Awad made [ More … ]
Heads of Samsung Electronics Turkey, Nestle Turkey, Novartis International AG Turkey see bright future ahead Turkey will retain its reputation of being an attractive market and economy despite challenges, according to top officials of large [ More … ]
Saudi Aramco’s tax bill will be chopped significantly, as the government looks to encourage investors to the state-owned company. Saudi Arabia energy giant Aramco will benefit from a huge tax cut from the government, as [ More … ]
Dollar to Turkish lira rate slips in line with US dollar weakness in almost all major currencies and emerging markets. However, investors just want Turkey’s 16 April referendum done with and think of how markets are most [ More … ]
Turkey’s fleet rental market will maintain its attractiveness for investors, thanks to the country’s young population and vibrant market, according to the head of car rental giant, Hertz Turkey, reported Anadolu Agency. “Turkey will always be [ More … ]
At a press conference on Wednesday, Jordanian and European officials announced that the deal has entered into effect as of July 20 and will be valid until the end of 2026, adding that the agreement [ More … ]
– Deputy Prime Minister Mehmet Simsek says banking sector well capitalized Turkish capital controls “are out of the question”, the country’s deputy prime minister has said, according to Anadolu Agency. “I have two simple messages to [ More … ]
MENA (Egypt’s state owned news agency) reported that Egypt indices witnessed a sharp decline at the beginning of the trading session on Sunday provoked by the negative repercussions of Britain’s exit from the European Union [ More … ]
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