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Automotive: Turkey remains a world-class destination for FDI
02-02-2012- TURKEY

The fast growth country continues to attract Global investors attracted by the excellence of local infrastructures and the competitiveness of the modern industry and a highly-skilled workforce.

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Lebanon: Economic growth decelerated in 2011
02-02-2012- LEBANON

Lebanon Central Bank transmitted its new report on the country's economic growth, which was around 1.5% in 2011. The slowest GDP's growth rate since 2006. Despite this slowdown, economic experts forecast a 2012 growth rate around 3-4%.

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Turkey attracts growing number of projects in IT sector
26-01-2012- TURKEY

With USD11.5bn worth of FDI, Turkey remains a promising destination in the Mediterranean for international companies. Traditionally seen as an industrial giant, the booming IT sector is luring a growing number of foreign investors.

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Turkey and South Korea plan to ink a Free Trade Agreement
26-01-2012- TURKEY

Ankara and Seoul are willing to deepen their economic cooperation. Both countries are envisaging to sign a Free Trade Area in the coming months.

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Turkish GDP's growth remains strong despite global gloomy outlook
25-01-2012- TURKEY

According to the Turkish government, the country's GDP is about to reach 4% this year, less than the 2011 record of 8%. Yet an enviable figure comparing with the European Union's GDP prevision for 2012.

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'Masarat', the EU project which has given Palestinian women a voice
24-01-2012- PALESTINIAN AUTHORITY

'I am a Woman from Palestine', also named as 'Masarat', is a EU-led initiative which allows Palestinian women directors to produce short features about women conditions in the West bank and Gaza. This project is seen as a powerful tool to break the wall of silence in the Palestinian territories.

 

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EU will strenghten its cooperation with Morocco
24-01-2012- MOROCCO

The Commissioner for European Neighbourhood Policy came in the Moroccan capital city to launch bilateral cooperation projects in the sectors of energy and agri-food with the Ouarzazate Solar Power Plant and the Drinking Water Efficiency programme.

 

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New EU project in favour of Turkish SMEs in poor provinces
23-01-2012- TURKEY

G43 Anatolian Venture Capital Fund, is a €40m new financing scheme led by the European Union with a view to supporting SMEs located in the 43 least-developed Turkish provinces.

 

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Beirut hosts a new US$50m investment fund to boost local SMEs
19-01-2012- LEBANON

The EIB, CISCO and Abraaj Capital have partnered to create a new investment fund worth US$50m. Named 'Lebanon Growth Capital Fund', the newly-created vehicle will mainly focus on high-potential SMEs.

 

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Tourism: Turkey's Government expects 2.5m visitors in 2012
19-01-2012- TURKEY

Despite the negative impact of the Arab Spring in the tourism economy, Turkish Ministry of culture forecasts 32.5m new visitors in 2012 comparing with 30m in 2011. Tourism revenues are expected to reach a new height with €19bn.

 

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