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Islamic Finance Briefing - Categorized | Investment, Market Moves more

Turkey: Wooing Gulf investors

Posted on 09 December 2008

From Gulf-daily-news.com: Turkish officials will travel to Gulf states to attract foreign investment, Prime Minister Tayyip Erdogan said. Turkey, which has grown strongly since 2001, is highly susceptible to external shocks and has seen a rapid flight of capital since the current global economic crisis turned investors sour on riskier emerging markets.

Turkey has attracted some $12 billion in the first 10 months of the year and is targeting $15bn by the end of the year, sharply lower than investment of $22bn last year….. Full Article: Source

 
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