Turkey’s exports to the Gulf Cooperation Council (GCC) region saw a notable increase in February, primarily due to a substantial rise in shipments to the United Arab Emirates (UAE). Exports to the UAE surged by 81 percent year-on-year, reaching nearly $600 million. This growth has pushed Turkish shipments to the Emirates in 2025 to approximately...
The Turkey Wealth Fund, which is state-backed, has successfully secured its first loan without requiring a treasury guarantee, with backing from banks listed in the UAE. According to a report by Daily Sabah, the sovereign fund raised €1.1 billion (approximately $1.2 billion) through a two-year syndicated loan involving 20 banks from 12 different countries. The...