Turkey’s annual consumer price inflation will reach to 23.5 percent in 2018 from 11.9 percent in 2017, according to the Central Bank of Turkey.
Turkey’s annual GDP per capita has reached its highest ever rate $12,542 in 2013. The country’s GDP per capita growth has slowed down since 2013.
Turkey has registered an impressive economic development since 2001. However, the country’s economy is showing signs of a slowdown.
In 2017, Turkey attracted $10.8 billion in foreign direct investment, $7.45 billion of which was equity investment inflow.
Kenya saw FDI increase to $672 million, up 71 per cent, due to buoyant domestic demand and inflows into ICT industries.
Dubai International Airport (DXB) received 88.2 million passengers in 2017, and it is expected to receive 120 million passengers by 2020.
Kenya has been one of the most diversified economies in East Africa. It is expected that the country’s economic growth will remain robust in the medium term.
FDI flows to Africa slumped to $42 billion in 2017, a 21% decline from 2016, according to the World Investment Report 2018.
Global foreign direct investment (FDI) flows fell by 23% in 2017, to $1.43 trillion from $1.87 trillion in 2016.
The latest official figures from Dubai FDI Authority shows that a total of Dh27.3 billion in FDI entered Dubai in 2017.
The IMF projected growth for the UAE of 3.4% for 2018. Standard Chartered also expects the UAE economy to grow by 3.5% in 2018.
Due to its political stability and solid infrastructure, Morocco has rapidly emerged as a leading destination for foreign direct investment (FDI) in Africa.
UAE economy has maintained positive growth levels despite a decline in oil prices. The IMF predicts that UAE’s GDP will reach $400 billion by 2018.
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai approved a budget of Dh56.5 billion for 2018.
Turkey faces some competition for its status as an aviation hub but it maintains the advantage, and its new airport is set to redraw the world aviation map.
Nigeria's government aims to diversify its economy and reduce the country's dependence on oil revenue.
The oil and gas sector is a major source of foreign exchange for Nigeria. The sector accounted for 94.5% of export revenue and around 70% of government revenue in 2016.
Nigeria was one of the major recipients of FDI in Africa. However, the oil-dependent economy has lost its attractiveness as a FDI destination in recent years.
The agriculture sector is the backbone of Kenyan economy. Kenya’s agriculture sector will maintain its significant role in the economy.
Kenya has been one of the most diversified economies in East Africa. It is expected that the country’s economic growth will remain robust in the medium term.
Based on UAE Vision 2021 and Dubai Plan 2021, Dubai Silicon Oasis, an integrated high-tech free zone, is implementing a range of smart city solutions, and preparing government entities for the post-oil...
The continued expansion of Dubai’s aviation sector is seen as a key policy tool for pushing forward with the thus-far successful diversification of Dubai’s economy away from over-reliance on hydrocarbons.
Here is a snapshot of why sustainable infrastructure projects are vital for cities across the globe.
Despite the tighter banking sector liquidity and slowdown in investments, it is expected that large public sector infrastructure projects in Dubai and Abu Dhabi will provide support for Sharjah's economy...
Innovation is one of the main pillars of the UAE’s economic development policy. Here is a snapshot of why the UAE offers the best investment landscape for innovation-focused companies worldwide.
Morocco is considered as one of the world’s top destinations for investment in renewable energy. The country contains around $30 billion worth of potential investment opportunities in the renewable energy...
As part of its plans to diversify its oil dependent economy, the Nigerian government aims to boost its steel and mining sectors.
Renewable energy plays a crucial role in the UAE’s economic growth & diversification plans. The UAE aims to bolster its regional position as a role model for sustainable development.
Dubai is well known for its position as one of the most attractive destinations for real estate investment in the MENA region. Here is an update on the property market in Dubai.
Sheikh Mohammed bin Rashid has approved Dubai Industrial Strategy that aims to make Dubai a home for innovators for industrial production.
With digital services enhancing the lives of people around the world, the Internet economy is projected to reach $4.2 trillion in the G-20 countries by 2017. With its impressive growth rate, Turkey’s...
Here is a snapshot of why maritime sector plays a strategic role in Turkey’s economic development plans.
H.E. Nechirvan Barzani, the Prime Minister of the Kurdistan Region, on his vision to achieve economic stability and sustainable growth in the Kurdistan Region.
The travel and tourism sector, contributing $7.6 trillion to the global GDP in 2014, was the fourth largest industry after mining, financial services, and retail respectively, according to the World Travel...
The rapid plunge in oil prices shocked policy makers around the globe, and the emerging energy market of Kurdistan was not immune.
Dubai remains one of the most preferred destinations for investors. According to FT’s global FDI report, Dubai ranks 4th in terms of greenfield projects and 6th in foreign capital attracted. The government...
Dubai has ambitious plans to position itself to attract a major share of the $100 billion global medical tourism industry.
Dubai places considerable importance on the maritime industry in its wider plans to continue to diversify its economy.
By Tim Mewmaw
Tim Mewmaw is currently writing a novel, titled: Wearing a Niqab, to memorialize the Yezidi’s strength in the face of the Islamic State’s onslaught over the past 14 months.
Empire World continues to forge ahead, advancing the construction of the Empire World Project despite the economic challenges confronting the Kurdistan Region.
By bringing together leading figures in domestic and international politics, MERI aims to provide a platform for constructive dialogue to those committed to overcoming the crises currently facing the region.
The majority of people in the Kurdistan Region are financially dependent on the government, which is itself dependent on oil income. Like many oil-based economies, the region’s economic booms and busts...
By Dave van Zoonen
The vulnerability of Kurdistan’s economy to volatility in the international markets was painfully revealed by last year’s fall in oil prices.
In the latest sign that Kurdish oil has established a foothold in the international market, November marked the third consecutive month of payments to firms exporting crude through the Ceyhan pipeline.
As a semi-autonomous Region, the Kurdistan Region has introduced certain tax laws and practices that diverge from the position in Federal Iraq.
The Production Sharing Contracts (PSC) signed between the Kurdistan Regional Government (KRG) and the International Oil Companies (IOC) regulate almost all aspects of the companies’ operations in Kurdistan.
By Allegra E. Klein, Chief Operating Officer, MSELECT
The Kurdistan region has experienced a series of economic blows in the past 18 months, the effects of which have been profoundly fel...
The on-going structural conflict in Iraq coupled with the advance of the Islamic State in Syria and Iraq has severely compromised human security in the Kurdistan Region.
With decreasing humanitarian aid, more development must come: resilience-building for refugees and host community in Kurdistan, writes Roger Guiu, MERI Research Fellow.
Social security exemptions for oil companies operating in the Kurdistan Region of Iraq, writes Alain M. Hannouche.
The oil and gas industry’s potential and challenges in the Kurdistan Region, writes Shwan Zulal, Carduchi Consulting Director.
AUDK’s commitment to changing people’s lives for the better by offering state-of-the-art programs, writes Dr. Honar Issa, Member of the Board of Trustees, American University Duhok Kurdistan.
The Kurdistan Region has huge potential of becoming an agricultural hub in the Middle East. There are strong indicators that agriculture industry will play a prominent role in shaping the future of the...
By Whitman Davis, Rwanga Foundation
When Rwanga decided to open a designated area primarily for Yazidi internally displaced persons (IDPs), there was careful consideration give...
The Kurdistan Region should be proud of its perception as a guardian of minorities, providing at risk groups with security and shelter. However, more should be done to protect the rights of ethnic and...
It would be safe to say that there exists a strong international consensus as to the benefits of democracy, meaning that talking about the negative aspects of the introduction of democratic politics to...
British foreign policy has been relatively passive for over a year to avoid needless controversy before the election and as parliament and government have settled in.
A series of reforms and investments has helped reinvigorate the health sector in Kurdistan since 2007. Today, the industry provides plenty of opportunities for foreign investors.
Djibouti’s political stability and its strategic location in the Horn of Africa mean the country has the opportunity to become a favorable partner at the international level.
Djibouti’s strategic regional position combined with financial liberalism make the country a favorable business environment for investors, allowing them to enjoy financial stability.
Djibouti’s strategy for 2020 focuses on developing the geothermal sector by using its own resources and reducing the country’s dependency on imported fossil fuels.
We keep an eye on the top projects and companies shaping the future of transportation sector in Djibouti.
Djibouti’s progress in the ICT sector is weak. However, the country has benefitted from international telecom projects to construct undersea fiber optic cable systems providing an international network...
Continued progress in Djibouti has allowed for an optimistic appraisal of its future, but more is needed to ensure sustainable growth and to further integrate its economy with those of its neighbors.
The transport sector is the backbone of the economy, the main contributor to GDP and an important source of employment.
Since his first term, President Guelleh has primarily focused on driving the growth of the knowledge-based sector, which it is hoped will lead to a better future for the country and its society.
The KRG’s dynamic foreign relations are crucial and integral components of the Kurdistan Region’s economic and social development. The DFR’s foremost objectives are to raise the global profile of...
Ankara-Erbil relations significantly deepened and widened to cover security, economic, political, and cultural dimensions over the last decade.
In another step forward for transparency in the Kurdistan’s energy sector and finances, the KRG Ministry of Natural Resources (MNR) released its comprehensive Annual Report in April 2014. The report...
From the accomplishments and challenges of 2014 to the upward trajectory of 2015, Kurdistan remains a choice destination for energy sector investors.
As a commercial pilot with over 14,000 hours of experience flying everything from small aircraft to Boeing jets and an FAA-licensed airframe and power plant technician, Macair Flight Support’s CEO Dori...
Major investments in the Kurdistan Region’s higher education system are helping to develop well-trained human capital.
Despite the challenges the Kurdistan Region faced in 2014, the KRG has not retreated from its main goals– improving security in the Region and forging strong diplomatic and economic ties globally.
Dr. Anwar Anaid explains the success of the Kurdistan Region's economic regionalism, and why the Region's stability and prosperity are crucial for Iraq.
The last year has been a time of both landmark achievements and unprecedented challenges for the economy of the Kurdistan Region.
In spite of the recent political upheaval in Iraq, 2014 has been a year of growth for oil and gas production in Kurdistan.
Since the Kurdistan Region is landlocked with no extant rail services, its road and air transportation networks are fundamentally important in efforts to facilitate economic development.
The Kurdistan Region, with a diversity of both landscapes and cultures, looks to raise its profile as a tourist destination in spite of the obstacles posed by regional turmoil.
Across from the green expanse of Erbil’s Sami Abdul Rahman Park, a giant new building is quickly rising into the city’s skyline.
By Sofia Barbarani —
An international charity foundation in Kurdistan made headlines around the world in August for being the first organization to deliver humanitarian aid to tens of thousands...
The new projects, regulation, and processing facilities will help to modernize Kurdistan’s water supply system.
MSelect announced the launch of its 2014 Kurdistan Employee Survey, the first such comprehensive survey ‘from the ground’ in Kurdistan.
As quantity meets demand, however, and global companies set up shop in Kurdistan, quality is now securely in the spotlight. In many respects, 2014 has seen initial rumblings of many shifts in the Real...
Kurdistan’s ICT sector started from almost nothing in 2005, and has since become one of the Kurdistan Region’s most well developed and strategically important sectors.
The unique topography of the Kurdistan Region makes it ideally suited to the development of a prominent agriculture industry.
Faruk Holding, in partnership with Lafarge, have found an innovative method of using Sulaimani’s waste to partially fuel the city’s major cement plants—reducing industrial CO2 emissions, lowering...
Kurdistan’s quickly expanding workforce contains arguably the most potential to reshape the Kurdistan Region’s business, economic, and social landscape for the better, over the long term.
The US business community, increasingly finding its way into the growing sectors in the Kurdistan Region, will soon find additional support in the Region.
One of the biggest challenges for any economy is attracting and securing foreign investment. But Dubai – one of the Middle East’s most prominent financial actors – has only seen promise in the Kurdistan...
Aamina is a social investment advisor focused on advancing the Corporate Social Responsibility (CSR) practice in the Kurdistan Region of Iraq (KRI).
Baroness Nicholson provides insight into the activities of the IBBC, and discusses the many opportunities in Iraq and the Kurdistan Region for UK business and investment.
The British Parliament has cross-party groups providing bridges of friendship with 133 countries and regions. The all-party parliamentary group (APPG) on the Kurdistan Region in Iraq has become one of...
With increased business interactions between the Kurdistan Region and Turkey, socio-political bonds have strengthened in the recent years.
In a region where high-ranking positions are often dominated by men, the Kurdistan Region is gradually opening its eyes to the benefits of women’s participation in society.
While its unofficial epithet, The Davos of the Middle East, may be ambitious, the 2014 Sulaimani Forum, hosted by the American University of Iraq, Sulaimani (AUIS) on March 4th and 5th, was not far off...
Nick Baird analyzes the development of UK-Kurdistan business ties, and discusses the key economic areas of interest for British companies considering using the stability and prosperity of the Region as...
Turkey’s recent decision to award the Turkish group Siyah Kalem a license to import gas from the Kurdistan Region increases pressure on Baghdad to allow the KRG the right to export its own oil and gas...
Blessed with abundant reserves, a prudent vision for resource development, and access to lucrative markets, Kurdistan emerges as the last onshore oil bonanza in the world.
An expected 8% growth rate, giant investment projects, and sound economic policies have ensured that the wind is blowing on the side of the Kurdistan Region economy.
Despite the significant progress that has been achieved in recent years, major reforms are needed to overcome the fundamental financial obstacles of the banking industry.
New oil and gas discoveries coupled with massive investment in the Region’s power sector have guaranteed that Kurdistan will maintain its position as a developing contributor to the global energy industry...
The KRG has pursued multiple programs to promote the appeal of private sector employment, and has secured better educational and training opportunities for the people of Kurdistan.
The KRG’s Strategic Plan for the agriculture industry aims to restore the Region to its former glory as a large-scale producer and exporter.
Numerous large-scale construction and real-estate projects are expected to help satisfy rising demand across the entirety of the Kurdistan Region.
Kurdistan’s young and dynamic population, coupled with rapidly increasing mobile and internet penetration rates, indicates that there are long-term growth prospects in the telecom sector.
New road networks are under construction, modern airport facilities are in place, and plans for the establishment of railways and tramlines are on the radar.
Healthcare spending between 2013-2020 is set to rise to $2.1 billion, with emphasis to be placed on the modernization and expansion of the sector’s infrastructure.
Kurdistan Regional Government has targeted the development of a well-educated population in order to allow the Region to continue to make uninterrupted strides in its economic growth.
In a very brief period of time, the Kurdistan Region has managed to achieve a rapidly developing economy, political stability, and national cohesion.
The KRG’s Ministry of Natural Resources (MNR) released a comprehensive Annual Report for 2013 in late April.
Energy, economic, and trade relations have generated increasing interdependence between Turkey and the Kurdistan Region.