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Turkish state banks’ use for policy may harm stability

Location:

TURKEY

State banks’ increased use as policy instruments.

Crisis will cut profits, add risks for Turkish banks

Location:

TURKEY

It was a bid to stabilise the lira. Bank deposit and credit rates have already risen sharply, and credit growth has virtually halted. As Turkey’s economic crisis takes hold, the…

Falling profits will force Turkish bank modernisation

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TURKEY

Banks' response to limited growth and profitability from restrictions on growing their credit card businesses.

Pressure on Iran’s banks raises chances of collapse

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IRAN

However, the signs of strain are becoming more marked. On December 15, the Central Bank of Iran (CBI) issued an official warning to all financial institutions, threatening legal…

Turkey’s illiberal economic model will extend further

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TURKEY

Erdogan spoke with pride of imposing additional customs duties to protect domestic industries, cheapening credit and launching a national car project. Economic policies are…

COVID-19 and oil shocks raise Gulf recession risks

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GULF STATES

Lower oil and gas revenues are the major transmission channel of the global crisis to regional economies, but tourism, financial and professional services are also taking a major…

Gas find puts Egypt on road to self-sufficiency

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EGYPT

The country's energy outlook has been transformed by the discovery of a huge natural gas field in Eni's Shorouk concession along Egypt's maritime border with Cyprus, announced by…

Turkish lira faces fragility despite AKP victory

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TURKEY

However, serious concerns remain about the credibility of Turkey's Central Bank (CBRT), whose refusal to mount an interest rate defence of the lira accentuates the risks posed by…

Turkey's economic policy shift is not worth the risks

Location:

TURKEY

The lira’s collapse has only fortified President Recep Tayyip Erdogan’s adherence to unorthodox low-interest-rate policies. Rather than changing course, Erdogan has publicly…

Egypt's e-commerce will grow, albeit slower than hoped

Location:

EGYPT

Egyptian e-commerce.