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The TCMB has responded quickly to a new wave of lira volatility ahead of local elections, forcing banks to borrow at the overnight rate of 25.5% instead of the 24.0% policy rate…
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DOI: 10.1108/OXAN-DB242769
ISSN: 2633-304X
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Prospects for Turkey to end-2022.
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DOI: 10.1108/OXAN-DB270739
ISSN: 2633-304X
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Despite its promotion of an innovation ecosystem to attract start-ups, Abu Dhabi has overall made little progress in addressing the impact of the clean-energy transition on…
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DOI: 10.1108/OXAN-DB258306
ISSN: 2633-304X
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The wage scale law was cast into question when a contentious tax hike law intended to fund it was annulled by the Constitutional Council on September 22, partly on the grounds…
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DOI: 10.1108/OXAN-DB224722
ISSN: 2633-304X
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In 2019, the US Department of Justice (DoJ) charged Halkbank with having operated a scheme to evade US sanctions in 2012-13 by using the receipts of Iranian oil sales to buy gold…
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DOI: 10.1108/OXAN-DB276251
ISSN: 2633-304X
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Following the removal of sanctions last month, the government is looking to the return of foreign direct investment to kick-start an economic recovery. However, its ambitions to…
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DOI: 10.1108/OXAN-DB208171
ISSN: 2633-304X
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Zarrab has been revealing details of corruption at the highest levels in Turkey enabling him to set up a scheme whereby Iran was paid in gold for oil exports to Turkey in…
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DOI: 10.1108/OXAN-DB226357
ISSN: 2633-304X
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His statement contrasts with broader regional trends. The six states of the Gulf Cooperation Council (GCC) have been overbanked for many years, but buoyant economies provided a…
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DOI: 10.1108/OXAN-DB217451
ISSN: 2633-304X
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The initial public offering (IPO) of a 1.5% stake in Saudi Aramco on December 6 reached the top end of the recommended price range, giving the company a relatively high valuation…
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DOI: 10.1108/OXAN-DB249356
ISSN: 2633-304X
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Crown Prince Mohammed bin Salman has started 2021 with a series of bold initiatives to give fresh impetus to visionary investment plans, after a pause because of reputational…