Finance

Turkey, Iran Sign Economic Protocol to Fight Global Financial Crisis

November 28, 2008 by D-8 Secretariat

Manouchehr Mottaki
Turkish and Iranian officials signed a protocol at the 20th Turkey-Iran Joint Economic Commission meeting in Tehran on Wednesday, an indication of increased cooperation during the global economic crisis.
Speaking at the signing ceremony, Economy Minister Mehmet Şimşek…

Siemens Invests in Turkey Despite Crisis

November 28, 2008 by D-8 Secretariat

Siemens signaling their faith in the Turkish market
Europe’s largest engineering conglomerate, the German firm Siemens, is making a new investment in Turkey, signaling their faith in the Turkish market. Siemens Turkey CEO Hüseyin Gelis said yesterday that the company…

Islamic Finance Showing Evolution And Strong Growth, Malaysia Says

November 28, 2008 by D-8 Secretariat

Islamic finance has continued to grow
Islamic finance has continued to demonstrate its evolution and strong growth during the challenging international financial environment, Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz said Tuesday.
“Islamic finance has now become…

No Crisis for Turkish Gold: Potential for D-8 Cooperation

November 28, 2008 by D-8 Secretariat

Gold as important investment
Jeremy Charles, the global head of precious metals for HSBC, spoke with the Turkish English Newspaper, Today’s Zaman, briefly about the status of the gold market ahead of the Active ACADEMY 1st International Gold Summit being…

Turkish Government, Business Now Poised To Face Deepening Crisis

November 24, 2008 by D-8 Secretariat

the 5th Turkish Commerce Industry Consultation Meeting
Economy-related ministers and a number of representatives of the business world discuss possible measures against the crisis in the Fifth Turkish Commerce and Industry Consultation Meeting.
Despite incessant calls from businessmen to take…

Egypt Ranked World’s 10th Business Reformer

October 12, 2008 by D-8 Secretariat

Egypt jumped 11 places in aggregate rankings on the ease of doing business and scored the world’s 10th business reformer this year, according to the World Bank’s “Doing Business 2009 Report.”
“Egypt was once again among the top 10 global…

Iran: Call for Boosting Investment in Tourism

October 06, 2008 by D-8 Secretariat

Iranian President Mahmoud Ahmadinejad said Sunday his government has planned to promote tourism and invited domestic and foreign investors to join the initiative. He made the remark in a message to local and foreign investors marking the World Tourism Day,…

Turkey and Malaysia Empower Their SMEs by Providing Interest-Free Loans and New Tech Center

August 15, 2008 by D-8 Secretariat

The Turkish business world has welcomed Turkish Minister of Industry and Trade Zafer Çağlayan’s announcement of a plan to grant interest-free loans of up to YTL 25,000 (around 21,000 USD) to small and medium-sized enterprises (SMEs).
The loans, Çağlayan had said,…

HIGHLIGHTS-Malaysia’s economic outlook for 2009

August 01, 2008 by D-8 Secretariat

Following are highlights from Malaysia's annual economic forecast from the Finance Ministry on Friday.
It details the expected outcomes for 2008 and 2009.
GROWTH
A more diversified and balanced economy has contributed towards greater economic flexibility and resilience to withstand…

In November 2008, Indonesia will Issue Sharia Bonds

July 22, 2008 by D-8 Secretariat

The Indonesian government announced a plan to issue global sharia bonds to November from October this year, Director General of Debt Management at the Finance Ministry of Indonesia, Rahmat Waluyanto, said to Indonesian media sources last week.
“The global sharia…