Interpreting Middle East Economic News and Analyzing Market Trends

Category: Turkey

Deflation, defaults, social unrest and other ‘surprises’ waiting for us in 2015

Financial Crisis - Slideshare

Photo: Slideshare.net

    

As 2014 comes to an end, we wanted to take a look back at events and trends over the past few years and give you some of our thoughts on what we expect to see in 2015.  We decided to make a list… a top 10 list of ‘surprises’ we expect to see in the coming year.  Here they are… enjoy…  

     

Read more ...

Worldwide youth unemployment stuck at record levels, outlook for the Middle East is especially poor

Youth Unemployment Global

Click on map for a large image

We reported last year on the terrible outlook for youth unemployment around the world (read the story here).  The map above is an update on this global problem.  The situation is particularly bank for the Middle East and Southern Europe.  The are no indications that this problem will go away any time soon.

 

Read more ...

Here’s the real reason why Turkey blocked Youtube

On March 20, 2014, Turkey blocked access to Twitter to cover up alleged recordings of Erdogan and his son during a corruption investigation.  However, the big news came yesterday as Turkey started blocking Youtube.  CNN, BBC and most other media only brushed on the reason for the blocking saying it was a “discussion of possible military operations in Syria.”  Here is the real reason:

Read more ...

Qatar Islamic Bank looks to acquire stake in Turkey’s Bank Asya

Bank Asya

Qatar Islamic Bank (QIB), Qatar’s largest Islamic bank, is in discussions to buy a stake in Bank Asya, Turkey’s largest participation bank (a.k.a. Islamic bank).  This is the second Qatari bank to jump in to Turkey in the past year.  Last March, Commercial Bank of Qatar (CBQ) acquired a 70.8% stake in Alternatifbank AS.  QIB’s timing, however, might prove to be better than CBQ’s.

Read more ...

Middle East high tech startups take off

Silicon-Valley-Middle-East-2013

Source:  Smithsonian.com

The Middle East has been a hotspot for tech start-ups lately.  This growing trend has been overshadowed by all the bad news coming out of the region since 2011.  Don’t expect any competition to Silicon Valley any time soon, but entrepreneurship is catching on in the Middle East in a big way.  Political troubles are only adding more fuel to the trend.

 

Read more ...